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. The Marathon Patent stock price data and volume are plotted in MARA stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Marathon Patent. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Marathon Patent stock analysis.
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 longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Marathon Patent are mostly signals of long term trends and will help long term traders.
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 overbought 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 $2.65 is in the lower 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 gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Marathon Patent MACD indicator is above 0 indicating a bullish trend.
Marathon Patent Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 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.