Marathon Digital Stock Upgraded to Strong Sell on Technical Performance

Marathon Digital (MARA) reported an upgrade in its Relative Strength (RS) Rating from 73 to 83 on Thursday. 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.

Investors should keep an eye on Marathon Digital as it has experienced volatile movements in its stock price, with notable increases and decreases. The stock recently fell below its 200-day moving average and is currently not in a buying range. However, investors can watch for potential buying opportunities such as a three-weeks tight or a pullback to the 50-day or 10-week moving average.

Marathon Digital’s latest quarterly report showed no earnings growth but impressive sales growth of 452%. The next report is expected around May 8. In terms of industry rankings, Marathon Digital is ranked No. 26 among its peers in the Finance-Investment Management industry group, alongside top-rated stocks such as Blue Owl Capital (OWL), Sprott (SII), and Apollo Global Management (APO).

For those looking to refine their stock-picking skills, focusing on factors like technical performance, earnings growth, and industry rankings can help make informed decisions. Additionally, tools such as IBD’s ETF Market Strategy, IBD 50, and Long-Term Leaders can aid in identifying growth stocks with strong potential for long-term investments.