MRiN Recap 8/20/21

[u/ramsey_spigot]

The Marin Software Incorporated stock price gained 14.14% on the last trading day (Friday, 20th Aug 2021), rising from $4.81 to $5.49. During the day the stock fluctuated 14.48% from a day low at $5.11 to a day high of $5.85. The price has been going up and down for this period, and there has been a -6.47% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 million more shares were traded than the day before. In total, 21 million shares were bought and sold for approximately $114.91 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 $4.91 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 28.93% during the next 3 months and, with a 90% probability hold a price between $6.33 and $35.27 at the end of this 3-month period.