MRIN STOCK! MRIN STOCK FORECAST | MARIN SOFTWARE STOCK Sep 21 | MRIN STOCK PRICE | MRIN STOCK NEWS
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Let’s talk about the Marin Software Incorporated stock price fell more than -10.60% Monday closing at $5.06
(Updated on September 20, 2021)
The Marin Software Incorporated stock price fell by -10.60% on the last day (Monday, 20th Sep 2021) from $5.66 to $5.06. During the day the stock fluctuated 9.84% from a day low at $4.97 to a day high of $5.46.
The price has fallen in 6 of the last 10 days and is down by -14.67% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock.
On the last day, the trading volume fell by -1 million shares and in total, 1 million shares were bought and sold for approximately $5.94 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
Signals & Forecast
There are few to no technical positive signals at the moment. The Marin Software Incorporated stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock.
Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.54 and $5.84.
A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, July 06, 2021, and so far it has fallen -79.04%. Further fall is indicated until a new bottom pivot has been found.
Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
Marin Software Incorporated finds support from accumulated volume at $4.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be “high risk”. During the last day, the stock moved $0.49 between high and low, or 9.84%. For the last week, the stock has had a daily average volatility of 7.77%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Marin Software Incorporated stock A Buy?
Marin Software Incorporated holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.515
Predicted Opening Price for Marin Software Incorporated of Tuesday, September 21, 2021
The predicted opening price is based on yesterday’s movements between high, low, and the closing price.
Fair opening price September 21, 2021 $5.16
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today I will talk about the MRIN STOCK forecast using chart view. Let started the video. Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your analysis.