MARA HOLDINGS INC. - Daily - Technical analysis published on 02/10/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 30.61 USD
My targets
26.15 USD (-9.80%)
23.25 USD (-19.81%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MARATHON DIGITAL HLD.. As long as you are under the resistance located at 30.61 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 26.15 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 23.25 USD as an objective. Crossing it would then enable sellers to target 21.44 USD. If the resistance 30.61 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MARATHON DIGITAL HLD. rating is 28.99 USD. The price registered an increase of +10.10% on the session with the lowest point at 26.35 USD and the highest point at 29.04 USD. The deviation from the price is +10.02% for the low point and -0.17% for the high point.26.35
29.04
28.99
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this MARATHON DIGITAL HLD. chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.93 | 21.44 | 28.99 | 30.61 | 43.41 | 49.33 |
| Change (%) | -89.89% | -26.04% | - | +5.59% | +49.74% | +70.16% |
| Change | -26.06 | -7.55 | - | +1.62 | +14.42 | +20.34 |
| Level | Intermediate | Major | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.52 | 25.44 | 27.21 | 28.13 | 29.90 | 30.82 | 32.59 |
| Camarilla | 28.25 | 28.50 | 28.74 | 28.99 | 29.24 | 29.48 | 29.73 |
| Woodie | 24.96 | 25.65 | 27.65 | 28.34 | 30.34 | 31.03 | 33.03 |
| Fibonacci | 25.44 | 26.46 | 27.10 | 28.13 | 29.15 | 29.79 | 30.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.06 | 19.04 | 21.27 | 23.25 | 25.48 | 27.46 | 29.69 |
| Camarilla | 22.35 | 22.74 | 23.12 | 23.51 | 23.90 | 24.28 | 24.67 |
| Woodie | 17.20 | 19.10 | 21.41 | 23.31 | 25.62 | 27.52 | 29.83 |
| Fibonacci | 19.04 | 20.65 | 21.64 | 23.25 | 24.86 | 25.85 | 27.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.77 | 10.10 | 16.82 | 26.15 | 32.87 | 42.20 | 48.92 |
| Camarilla | 19.13 | 20.60 | 22.07 | 23.54 | 25.01 | 26.48 | 27.95 |
| Woodie | -0.54 | 9.45 | 15.52 | 25.50 | 31.57 | 41.55 | 47.62 |
| Fibonacci | 10.10 | 16.23 | 20.02 | 26.15 | 32.28 | 36.07 | 42.20 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.30 | |
| MACD (12,26,9): | -1.9200 | |
| Directional Movement: | 3.07 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 22.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.03 | |
| Elder Ray (13): | 2.69 | |
| Super Trend (3,10): | 29.28 | |
| Zig ZAG (10): | 28.99 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 88.15 | |
| TEMA (21): | 24.28 | |
| Williams %R (14): | -0.52 | |
| Chande Momentum Oscillator (20): | 6.09 | |
| Repulse (5,40,3): | 18.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.5500 | |
| Courbe Coppock: | 3.33 |
| MA7: | 24.81 | |
| MA20: | 24.52 | |
| MA50: | 32.18 | |
| MA100: | 40.73 | |
| MAexp7: | 25.45 | |
| MAexp20: | 25.79 | |
| MAexp50: | 31.45 | |
| MAexp100: | 35.63 | |
| Price / MA7: | +16.85% | |
| Price / MA20: | +18.23% | |
| Price / MA50: | -9.91% | |
| Price / MA100: | -28.82% | |
| Price / MAexp7: | +13.91% | |
| Price / MAexp20: | +12.41% | |
| Price / MAexp50: | -7.82% | |
| Price / MAexp100: | -18.64% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on MARATHON DIGITAL HLD. at the time of the analysis were as follows:
- ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. Investors to Secure Counsel Before Important February 15 Deadline in Securities Class Action - MARA
- MARA Investors Have Opportunity to Lead Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. Securities Fraud Lawsuit
- SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of February 15, 2022 - (NASDAQ: MARA)
- Marathon Digital Holdings Appoints Raymond Walintukan to Vice President of Mining Operations
- MARA ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of February 15, 2022 in the Class Action Filed on Behalf of Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. Shareholders
This member declared not having a position on this financial instrument or a related financial instrument.
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