MRVI Should I Buy

BUY (tactical). At the pre-market price of 3.43, MRVI is sitting directly on key support (S1≈3.438) with an oversold short-term RSI and very bullish options positioning (extremely low put activity). While the longer-term trend and fundamentals are weak, the setup favors an impatient, near-term rebound attempt from support rather than waiting for a cleaner trend reversal.

Price/levels: Pre-market 3.43 is essentially at S1 (3.438) and just above S2 (3.28). That creates a defined “support-bounce” area. Trend/momentum: MACD histogram is negative (-0.0529) and expanding bearishly, implying the broader momentum is still down. However RSI(6)=29.69 is near oversold, which often precedes short reflex rallies, especially when price is at support. Moving averages are converging, suggesting the downtrend is losing some speed but hasn’t flipped up yet. Upside levels to watch: Pivot 3.693 then R1 3.949 (next major reclaim zones). Quant pattern read-through: Similar candlestick-pattern stats imply a higher probability of a positive next-week move (+4.47%) even though next-day and next-month probabilities are weaker.