Last week, an AI trading robot generated a 6.17% growth for MARA.
This AI trading robot, accessible at Day Trader, Popular Stocks: Short Bias Strategy (TA&FA), was one of the best in our robot factory, generating 6.17% for MARA over the course of the previous week.
Last week, an AI trading robot generated a 6.17% growth for MARA, a notable achievement in the world of algorithmic trading. However, as technical analysts, it is essential to assess the market trends and indicators before making investment decisions.
One such indicator to consider is the 10-day Relative Strength Index (RSI) for MARA, which moved out of overbought territory on March 22, 2023. This could signal a shift in the stock's upward trend to a downward trend. When the RSI exceeds 70, the stock is considered overbought, and when it falls below 30, it is oversold.
Traders who follow the RSI indicator may want to consider selling the stock or buying put options. According to Tickeron's A.I.dvisor, which analyzed 35 instances where the RSI moved out of the overbought zone, in 34 of those cases, the stock moved lower in the days that followed. This puts the odds of a move down at 90%.
It is worth noting that technical indicators should not be the sole factor in investment decisions. Fundamental analysis, market news, and company performance should also be considered. However, the RSI indicator is a useful tool for identifying potential market trends and providing traders with a strategy to manage their positions.
The 10-day RSI indicator for MARA moving out of overbought territory suggests that the stock may be shifting to a downward trend. Traders should consider this indicator, along with other factors, to make informed investment decisions.
MARA's RSI Oscillator ascending out of oversold territory
The RSI Indicator for MARA moved out of oversold territory on April 19, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 30 similar instances when the indicator left oversold territory. In of the 30 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 23, 2024. You may want to consider a long position or call options on MARA as a result. In of 79 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 .
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 258 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 46 cases where MARA's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
MARA moved below its 50-day moving average on April 01, 2024 date and that indicates a change from an upward trend to a downward trend.
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 .
The Aroon Indicator for MARA entered a downward trend on April 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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 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 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 worse 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 (5.433). P/E Ratio (20.406) is within average values for comparable stocks, (35.241). 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).
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