MARATHON DIGITAL HLD.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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Type:	Stocks
Ticker:	MARA
ISIN:

MARATHON DIGITAL HLD. - Daily - Technical analysis published on 05/23/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 10.92 USD

My targets

6.25 USD (-37.15%)

2.93 USD (-70.52%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MARATHON DIGITAL HLD. as long as the price remains well below 10.92 USD. The sellers' bearish objective is set at 6.25 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.93 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

MARATHON DIGITAL HLD. rating 9.94 USD. The price registered an increase of +1.74% on the session and was between 9.52 USD and 10.26 USD. This implies that the price is at +4.41% from its lowest and at -3.12% from its highest.

9.52

10.26

9.94

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MARATHON DIGITAL HLD.:

Technical

Technical analysis of MARATHON DIGITAL HLD. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	2.93	9.94	9.98	21.44	30.94
Change (%)	-70.52%	-	+0.40%	+115.69%	+211.27%
Change	-7.01	-	+0.04	+11.50	+21.00
Level	Major	-	Major	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.60	8.40	9.09	9.89	10.58	11.38	12.07
Camarilla	9.36	9.50	9.63	9.77	9.91	10.04	10.18
Woodie	7.54	8.37	9.03	9.86	10.52	11.35	12.01
Fibonacci	8.40	8.97	9.32	9.89	10.46	10.81	11.38

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.85	8.03	8.90	10.08	10.95	12.13	13.00
Camarilla	9.21	9.39	9.58	9.77	9.96	10.15	10.33
Woodie	6.70	7.95	8.75	10.00	10.80	12.05	12.85
Fibonacci	8.03	8.81	9.30	10.08	10.86	11.35	12.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-3.04	6.25	10.92	20.21	24.88	34.17	38.84
Camarilla	11.76	13.04	14.32	15.60	16.88	18.16	19.44
Woodie	-5.34	5.10	8.62	19.06	22.58	33.02	36.54
Fibonacci	6.25	11.58	14.87	20.21	25.54	28.83	34.17

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	28.83
MACD (12,26,9):	-3.0100
Directional Movement:	-27.25
AROON (14):	-42.86
DEMA (21):	9.26
Parabolic SAR (0,02-0,02-0,2):	12.52
Elder Ray (13):	-1.83
Super Trend (3,10):	14.46
Zig ZAG (10):	9.87
VORTEX (21):	0.6900
Stochastique (14,3,5):	12.90
TEMA (21):	8.50
Williams %R (14):	-89.17
Chande Momentum Oscillator (20):	-6.14
Repulse (5,40,3):	-12.0300
ROCnROLL:	2
TRIX (15,9):	-2.3800
Courbe Coppock:	76.45

MA7:	10.41
MA20:	13.26
MA50:	20.27
MA100:	23.04
MAexp7:	10.48
MAexp20:	13.27
MAexp50:	18.21
MAexp100:	23.25
Price / MA7:	-4.51%
Price / MA20:	-25.04%
Price / MA50:	-50.96%
Price / MA100:	-56.86%
Price / MAexp7:	-5.15%
Price / MAexp20:	-25.09%
Price / MAexp50:	-45.41%
Price / MAexp100:	-57.25%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on MARATHON DIGITAL HLD.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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