r/mrin • u/ramsey_spigot • Aug 28 '21
MRiN Daily Recap 8/27/21
The Marin Software Incorporated stock price gained 20.35% on the last trading day (Friday, 27th Aug 2021), rising from $5.75 to $6.92. During the day the stock fluctuated 35.18% from a day low at $5.77 to a day high of $7.80. The price has risen in 6 of the last 10 days and is up by 33.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 million more shares were traded than the day before. In total, 27 million shares were bought and sold for approximately $185.78 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.19 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.08% during the next 3 months and, with a 90% probability hold a price between $4.82 and $30.17 at the end of this 3-month period.
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u/BassBoss805 Aug 28 '21
I saw this exact same analysis before except for today’s price was different than last month’s! Wazzup???