On Thursday, Marathon Digital (MARA) stock experienced an upgrade in its Relative Strength (RS) Rating from 73 to 83. The RS Rating is a proprietary measure of technical performance that compares a stock’s price action over the last year to that of other stocks in the database. Stocks with an RS Rating of at least 80 often see significant climbs.
Marathon Digital has experienced volatile movements in its stock price, with notable increases and decreases. The stock fell below its 200-day moving average and is currently not in a buying range. However, investors should watch for the formation of a new pattern or potential buying opportunities such as a three-weeks tight or a pullback to the 50-day or 10-week moving average.
In its latest quarterly report, the company reported no earnings growth but saw strong sales growth at 452%. The next report is expected around May 8. Marathon Digital is ranked No. 26 among its peers in the Finance-Investment Management industry group, with top-rated stocks such as Blue Owl Capital (OWL), Sprott (SII), and Apollo Global Management (APO).
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