On Thursday, Marathon Digital (MARA) stock received a significant boost as its Relative Strength (RS) Rating was upgraded from 73 to 83. The RS Rating is a unique technical measure that compares a stock’s performance over the past year with other stocks in the database. Stocks with an RS Rating of at least 80 often experience substantial growth.
Despite the positive news, Marathon Digital’s stock price has been volatile, with notable increases and decreases. The stock recently fell below its 200-day moving average and is currently not in a buying range. Investors should keep an eye out for potential buying opportunities such as a three-weeks tight or a pullback to the 50-day or 10-week moving average.
In its latest quarterly report, Marathon Digital reported no earnings growth but achieved sales growth of 452%. The next report is expected to be released around May 8. The company 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).
To make informed investment decisions, investors can focus on factors such as technical performance, earnings growth, and industry rankings. Additionally, tools like IBD’s ETF Market Strategy, IBD 50, and Long-Term Leaders can aid in identifying growth stocks with strong potential for long-term investments.
