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Stock Charts AI Power Rank: 7.8
Power Rank trend -> Rising
07/08/2024 10:28:00 EST
Marathon Digital Holdings Inc (MARA)
Industry: Capital Markets
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, MARA has been trading in a range between $22.56 and $18.69 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Yellow zone which means the stock is transitioning zones. We would avoid this stock currently.
Upside / Downside Potential
Marathon Digital Holdings Inc $MARA entered a Yellow zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $13.3, a potential down side of -34.06% from the recent price of 20.17. The stock is trading 69.01% (potential upside) below its 52 week high of $34.09 and 181.7 % (potential downside) above its 52 week low of $7.16 - based on the recent price.
Company Summary
Marathon Digital Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Patent Group, Inc.
News
| 5 Growth Stocks Poised to Grow Faster than NVIDIA Next Year In 2024, the fastest-growing stocks have been in the momentum category, led by NVIDIA (NASDAQ: NVDA). Source: 24/7 Wall Street Sat, 06 Jul 2024 08:00:00 -0400 Sentiment: Positive |
| 3 Crypto Infrastructure Plays Set to Soar Regardless of Bitcoin's Price The cryptocurrency market is notorious for its volatility, with Bitcoin's ( BTC-USD ) price swings often impacting the entire sector. However, certain crypto infrastructure plays remain poised for growth regardless of Bitcoin's price movements. Source: InvestorPlace Thu, 04 Jul 2024 12:36:00 -0400 Sentiment: Positive |
| MARA Announces Bitcoin Production and Mining Operation Updates for June 2024 Average Operational Hash Rate Increases 2% M/M to 26.3 EH/s Increased BTC Holdings to 18,536 BTC; Total Cash and BTC of $1.4 B as of June 30, 2024 Source: GlobeNewsWire Wed, 03 Jul 2024 08:05:00 -0400 Sentiment: Neutral |
| 3 Growth Stocks Under $50 That Can Quadruple in 3 Years After the big crash of 2022, growth stocks have staged a gradual recovery. The correction was in-sync with tight monetary policies as central banks globally focused on curbing inflation. Source: InvestorPlace Mon, 01 Jul 2024 16:33:06 -0400 Sentiment: Positive |
| Rags to Riches: 3 Blockchain Stocks That Could Make Early Investors Rich Blockchain stocks for early investors are gaining traction. With the crypto space evolving rapidly, the spotlight is on buying the best blockchain stocks to broaden your investment portfolio. Source: InvestorPlace Fri, 28 Jun 2024 16:30:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 34.09 52 Week Low: 7.16 Beta: 5.575 50 Day MA: 19.691 200 Day MA: 17.4423 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.764 Qtr Revenue Growth YOY: 2.231 Forward PE: 6.169 Trailing PE: 12.6063