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May 24, 2023

AI Trading bot Generates 4.1% Gain for MARA Last Week – A Technical Perspective

Despite a recent downturn indicated by the Momentum Indicator, Marathon Patent Group, Inc. (MARA), a leading digital asset technology company, exhibited a strong performance last week as its stocks gained 4.1%. This surge was credited to a powerful AI trading robot, which seemingly sidestepped traditional market signals to make profitable trading decisions.

An interesting event unfolded on May 23, 2023. The Momentum Indicator, a key technical indicator, slid below 0 for MARA. Generally, this occurrence suggests a potential shift in momentum to the downside. It serves as an alert for traders who might want to consider selling their stocks or contemplating put options to hedge against potential losses.

However, amidst these bearish indications, the AI trading robot seemed to play by a different rulebook. Instead of going by conventional wisdom, the robot orchestrated a profitable trade, leading to a 4.1% gain.

The question of interest here is, how could the AI trading robot generate such a gain amid a bearish outlook?

Historical evidence suggested a likely further dip in the stock price. Tickeron's A.I.dvisor, a predictive tool, had previously analyzed 76 similar instances where the Momentum Indicator turned negative. The results were quite telling – in 71 of these cases, or about 93.4% of the time, the stock further depreciated in the following days. This historical data thus provided an alarming 90% chance of MARA stocks undergoing a decline.

However, the AI trading robot's strategy seemed to be based on more than just the Momentum Indicator. This could potentially involve factoring in other indicators and patterns, both technical and fundamental, that might have hinted at a bullish trend undetected by standard analytics. The robot’s machine learning algorithms might have recognized an overlooked pattern, such as an emerging bullish divergence or a significant support level.

This underlines the immense potential and sophistication of AI trading robots in today's volatile stock markets. Such robots can identify and act on complex trading signals that human traders may miss. They can combine data from multiple indicators, assess their relative importance, and make lightning-fast decisions.

In the case of MARA, the AI trading robot's decision proved advantageous, generating a 4.1% gain. This exemplifies the growing influence and value of AI in financial markets, even as traditional indicators suggest bearish prospects. It also serves as a reminder to traders and investors alike that while historical patterns and technical indicators are critical tools in decision-making, they are not infallible, and AI is becoming increasingly proficient at navigating these complexities.

While this analysis does not recommend disregarding traditional indicators such as the Momentum Indicator, it does suggest that integrating AI trading tools could be beneficial. Given the ability of AI to process and interpret large volumes of data quickly and accurately, its use in financial decision-making seems not only prudent but also potentially highly profitable.

MARA's recent performance, steered by the AI trading robot amidst bearish indicators, paints an exciting picture of the future of trading, where AI's role appears more significant and influential than ever before.

Related Ticker: MARA

MARA saw its Stochastic Oscillator leaves the overbought zone

The Stochastic Oscillator for MARA moved out of overbought territory on May 23, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 47 similar instances where the indicator exited the overbought zone. In of the 47 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MARA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MARA's RSI Indicator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on May 14, 2024. You may want to consider a long position or call options on MARA as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MARA just turned positive on April 23, 2024. Looking at past instances where MARA's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .

MARA moved above its 50-day moving average on May 15, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MARA crossed bullishly above the 50-day moving average on May 16, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where MARA advanced for three days, in of 255 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 208 cases where MARA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MARA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MARA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.583) is normal, around the industry mean (5.461). P/E Ratio (20.406) is within average values for comparable stocks, (35.440). MARA's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.610). MARA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.030). P/S Ratio (10.730) is also within normal values, averaging (105.216).

Notable companies

The most notable companies in this group are Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Charles Schwab Corp (The) (NYSE:SCHW), CME Group (NASDAQ:CME).

Industry description

These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.

Market Cap

The average market capitalization across the Investment Banks/Brokers Industry is 10.65B. The market cap for tickers in the group ranges from 13 to 928.5B. PKRSF holds the highest valuation in this group at 928.5B. The lowest valued company is BFCH at 13.

High and low price notable news

The average weekly price growth across all stocks in the Investment Banks/Brokers Industry was 3%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 15,983%. PIHG experienced the highest price growth at 448%, while SWIN experienced the biggest fall at -82%.

Volume

The average weekly volume growth across all stocks in the Investment Banks/Brokers Industry was 52%. For the same stocks of the Industry, the average monthly volume growth was 46% and the average quarterly volume growth was 124%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 66
Price Growth Rating: 54
SMR Rating: 71
Profit Risk Rating: 73
Seasonality Score: 3 (-100 ... +100)
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MARADaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
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General Information

a patent and patent rights acquisition and licensing company

Industry InvestmentBanksBrokers

Profile
Fundamentals
Details
Industry
Miscellaneous Commercial Services
Address
101 NE Third Avenue
Phone
+1 702 945-2773
Employees
60
Web
http://www.mara.com
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