Mara stock trend, and support and resistance For short term
7/10/2024 08:51am
For short-term analysis, Marathon Digital Holdings, Inc. (MARA) stock has shown the following trends and levels:
1. **Recent Price Movement**:
- The closing price for MARA on July 9, 2024, was $19.03.
- The 5-day moving average is $20.36, and the 10-day moving average is $20.25, indicating a slight downward trend in the short term.
2. **Support and Resistance Levels**:
- The current support level is $18.85, and the resistance level is $19.85.
- The proximity of the resistance level to the current price suggests that the stock may face upward pressure if it breaks through this level.
|Ticker|Name|Support Level|Resistance Level|Date|code|market_code|
|---|---|---|---|---|---|---|
|MARA.O|Marathon Digital|18.8500|19.8500|20240709|MARA|186|
|Ticker|Name|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|
|MARA.O|Marathon Digital|20.3600|20.2490|20240709|MARA|186|
In conclusion, while the short-term trend for MARA shows a slight downward movement, the support and resistance levels indicate a stock that is currently trading in a narrow range. Investors should monitor the stock's performance against these levels to gauge its short-term direction.