Marathon Digital Holdings Inc (MARA)
Marathon Digital Holdings, Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company is headquartered in Las Vegas, Nevada.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 46.20% per annum.
- MARA price at the close of September 6, 2024 was $13.37 and was higher than the top border of the primary price channel by $3.17 (31.05%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 135.86% per annum.
- MARA price at the close of September 6, 2024 was lower than the bottom border of the secondary price channel by $2.61 (16.35%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of MARA price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: January 6, 2021
End date: November 27, 2023
a = 4.5146
b = -0.0017
s = 0.4531
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -46.20%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.4531) – 1
= 512.45%
January 6, 2021 calculations
Top border of price channel:
Exp(Y335)
= Exp(a + b × X335 + 2 × s)
= Exp(a + b × 485 + 2 × s)
= Exp(4.5146 + -0.0017 × 485 + 2 × 0.4531)
= Exp(4.5970)
= $99.18
Bottom border of price channel:
Exp(Y335)
= Exp(a + b × X335 – 2 × s)
= Exp(a + b × 485 – 2 × s)
= Exp(4.5146 + -0.0017 × 485 – 2 × 0.4531)
= Exp(2.7847)
= $16.19
November 27, 2023 calculations
Top border of price channel:
Exp(Y1,062)
= Exp(a + b × X1,062 + 2 × s)
= Exp(a + b × 1,540 + 2 × s)
= Exp(4.5146 + -0.0017 × 1,540 + 2 × 0.4531)
= Exp(2.8050)
= $16.53
Bottom border of price channel:
Exp(Y1,062)
= Exp(a + b × X1,062 – 2 × s)
= Exp(a + b × 1,540 – 2 × s)
= Exp(4.5146 + -0.0017 × 1,540 – 2 × 0.4531)
= Exp(0.9927)
= $2.70
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 46.20% per annum.
- MARA price at the close of September 6, 2024 was $13.37 and was higher than the top border of the primary price channel by $3.17 (31.05%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 16, 2022
End date: August 2, 2024
a = -0.9707
b = 0.0024
s = 0.2729
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0024) – 1
= 135.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.2729) – 1
= 197.89%
November 16, 2022 calculations
Top border of price channel:
Exp(Y805)
= Exp(a + b × X805 + 2 × s)
= Exp(a + b × 1,164 + 2 × s)
= Exp(-0.9707 + 0.0024 × 1,164 + 2 × 0.2729)
= Exp(2.3115)
= $10.09
Bottom border of price channel:
Exp(Y805)
= Exp(a + b × X805 – 2 × s)
= Exp(a + b × 1,164 – 2 × s)
= Exp(-0.9707 + 0.0024 × 1,164 – 2 × 0.2729)
= Exp(1.2200)
= $3.39
August 2, 2024 calculations
Top border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 + 2 × s)
= Exp(a + b × 1,789 + 2 × s)
= Exp(-0.9707 + 0.0024 × 1,789 + 2 × 0.2729)
= Exp(3.7808)
= $43.85
Bottom border of price channel:
Exp(Y1,233)
= Exp(a + b × X1,233 – 2 × s)
= Exp(a + b × 1,789 – 2 × s)
= Exp(-0.9707 + 0.0024 × 1,789 – 2 × 0.2729)
= Exp(2.6893)
= $14.72
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 135.86% per annum.
- MARA price at the close of September 6, 2024 was lower than the bottom border of the secondary price channel by $2.61 (16.35%). This indicates a possible reversal in the secondary trend direction.