MARATHON PETROLEUM CORP (MPC) Stock Technical Analysis
USA - NYSE:MPC - US56585A1025 - Common Stock
192.72 USD
+6.54 (+3.51%)
192.84 USD
+0.12 (+0.06%)
We assign a technical rating of 9 out of 10 to MPC. Both in the recent history as in the last year, MPC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, MPC did better than 85% of all other stocks.
MPC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 83% of 210 stocks in the same industry.
MPC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MPC is lagging the market slightly.
MPC has an average volume of 1872600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MPC has a been trading in the 175.00 - 200.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
MPC has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
155.13
200.69
3 important support areas can be observed.
- A support zone ranging from 185.30 to 189.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 179.94 to 180.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @156.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 197.10 to 198.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MPC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MPC is neutral. |
| ChartMill Relative Strength | 85.61 | POSITIVE | MPC has a high relative strength, it outperformed 85.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MPC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MPC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MPC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.96 | NEUTRAL | The RSI value for MPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests MPC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.97 | NEUTRAL | The Stochastics value for MPC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MPC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.01 | NEUTRAL | The ADX value for MPC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
192.72
+6.54 (+3.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.51%
1 Week-1.49%
2 Weeks-1.65%
1 Month2.75%
3 Month19.82%
6 Month27.72%
12 Month25.35%
2 Year29.18%
3 Year58.21%
5 Year395.68%
10 Year229.94%
15 YearN/A
Volatility
ATR(14)6.29
ATR(20)%3.03%
ATR Inc33.83%
Range Today8.31
ADR(20)5.17
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.61
3 months CRS86.97
6 months CRS81.23
Mansfield0.93
10 Day High200.65
10 Day Low175
20 Day High200.65
20 Day Low175
52 Week High201.61
52 Week Low115.1
CS1 End189.56
CR1 Start197.1
Volume & EV
DER(3)0.04%
DER(5)-1.01%
Volume3.08M
Volume Incr77.92%
Vol(5)2.80M
Vol(50)1.87M
MARATHON PETROLEUM CORP / MPC FAQ
Can you provide the ChartMill technical rating for MARATHON PETROLEUM CORP?
ChartMill assigns a technical rating of 9 / 10 to MPC.
What is the trend direction for MPC stock?
The current trend direction for MARATHON PETROLEUM CORP (MPC) is Bullish.
What is the RSI signal for MPC stock?
MARATHON PETROLEUM CORP (MPC) has an RSI value of 53.964. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MARATHON PETROLEUM CORP?
The MACD indicator for MARATHON PETROLEUM CORP (MPC) has a value of -0.45932, indicating a bearish trend.