MSFT 437.49 1.4587% AAPL 242.99 0.1401% NVDA 145.11 3.4579% GOOGL 174.36 1.7626% GOOG 176.05 1.7512% AMZN 218.21 2.2348% META 613.54 -0.0179% AVGO 170.365 1.3173% TSLA 357.75 1.8013% TSM 200.69 0.905% LLY 833.585 2.4904% V 310.57 -0.7795% JPM 243.555 -0.5167% UNH 610.73 0.9087% NVO 109.26 0.0549% WMT 94.295 0.8395% LVMUY 127.2 -0.9269% XOM 114.29 -2.8724% LVMHF 638.8 -0.6084% MA 521.685 -0.8543%
Company Overview: Marathon Digital Holdings (NASDAQ: MARA) is a company specializing in digital asset technology, primarily engages in the production or mining of digital assets with a focus on the blockchain infrastructure and the creation of digital assets.
As per the previous recommendation on MARA on 9 February 2024, a ‘Speculative Buy’ rating was given on the stock at USD 20.717, and noted below are the details of support and resistance provided in the previous report:
Recommendation Summary as on February 9, 2024
MARA Daily Chart
Considering the target levels achievement, current trading levels and associated risks, it is prudent to book profits at the current levels. Hence, a ‘Sell’ rating has been provided on the stock at the current market price of USD 30.31 as of February 15, 2024 (7:15 am PST).
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is February 15, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Dividend Yield may vary as per the stock price movement.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.
Kalkine Equities LLC provides general information about companies and their securities. The information contained in the reports, including any recommendations regarding the value of or transactions in any securities, does not take into account any of your investment objectives, financial situation or needs. Kalkine Equities LLC is not registered as an investment adviser in the U.S. with either the federal or state government. Before you make a decision about whether to invest in any securities, you should take into account your own objectives, financial situation and needs and seek independent financial advice. All information in our reports represents our views as at the date of publication and may change without notice.
Kalkine Media LLC, an affiliate of Kalkine Equities LLC, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.