The market has been high on Marathon Digital Holdings Inc (MARA) stock recently. MARA gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Marathon Digital Holdings Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MARA!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With MARA Stock Today?
Marathon Digital Holdings Inc (MARA) stock is trading at $17.76 as of 12:18 PM on Friday, Aug 12, a gain of $0.57, or 3.29% from the previous closing price of $17.19. The stock has traded between $16.39 and $17.79 so far today. Volume today is low. So far 9,323,702 shares have traded compared to average volume of 25,741,117 shares.
To see InvestorsObserver's Sentiment Score for Marathon Digital Holdings Inc click here.
More About Marathon Digital Holdings Inc
Marathon Digital Holdings Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The Company currently operates in the Digital Currency Blockchain segment. The Company's Crypto-currency Machines are located in the United States.
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