Marathon Patent Technical Analysis (NASDAQ:MARA)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. When a chart pattern that can predict future Marathon Patent stock price movements is formed, the MARA stock chart can become a key tool for a technical analyst.
See Marathon Patent bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Marathon Patent stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Marathon Patent Moving Average:
Moving averages help predict the price direction of MARA stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $0.38 is below the last closing price of $0.4 and the 50 day moving average of $0.32 is below the $0.4 price. The 10 and 20 day periods can predict short term moving average trends.
Marathon Patent Bollinger Bands:
Bollinger bands comprise of a center line usually MARA SMA, and two MARA stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $0.4 is in the upper range of Marathon Patent bollinger bands.
Marathon Patent Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Marathon Patent MACD indicator is above 0 indicating a bullish trend.
Marathon Patent Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of MARA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .