0R15 7793.0 0.1028% 0R1E 7575.0 -1.8782% 0M69 None None% 0R2V 174.0 1.6058% 0QYR 1387.5 0.7991% 0QYP 397.5 0.7605% 0LCV 137.1211 0.3815% 0RUK None None% 0RYA 1752.0 0.0% 0RIH 165.6 0.3941% 0RIH 164.7 -0.5435% 0R1O 181.75 10110.6742% 0R1O None None% 0QFP None None% 0M2Z 298.95 0.302% 0VSO None None% 0R1I None None% 0QZI 434.5 -0.344% 0QZ0 220.0 0.0% 0NZF None None%

US Technical Analysis Report

One NASDAQ-Listed Cryptocurrency Mining Stock Poised for Upside as Russell 3000 Inched Higher – MARA

Feb 09, 2024

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. This Report covers the Price Action, Technical Indicators Analysis along with the Target Levels, Stop Loss, Support Levels, Resistance Levels, and Recommendation on stock.

US Markets Round-Up

This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started positively, and maintained a positive trend throughout the week. The index made high of 2862.957 during the week and settled at 2861.629 with a week-to-date (WTD) gain of ~0.684 percent on February 8, 2024Other major indices, such as S&P 500 and NASDAQ Composite witnessed upside for the week. On February 8, 2024, the S&P 500 index settled at ~4997.92 with a WTD gain of ~0.79 percent, while the NASDAQ Composite Index settled at 15793.715 with a WTD gain of ~1.054 percent.  

Having understood the US market performance over the week, taking cues from major global news, and based on technical analysis of the Russell 3000 index for the upcoming week, now let’s have a look at the one NASDAQ-listed stock to pick from the technical standpoint. Noted below recommendation is based on the entry price, target prices, and stop-loss for Marathon Digital Holdings (NASDAQ: MARA) for the next 2-4 weeks duration: 

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