MARATHON PETROLEUM CORP (MPC) Stock Technical Analysis
NYSE:MPC • US56585A1025
We assign a technical rating of 9 out of 10 to MPC. In the last year, MPC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MPC is one of the better performing stocks in the market, outperforming 72% of all stocks. On top of that, MPC also shows a nice and consistent pattern of rising prices.
- 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 2350580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MPC is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 51% of 206 stocks in the same industry.
- In the last month MPC has a been trading in the 170.08 - 210.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MPC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 182.26, a Stop Loss order could be placed below this zone.
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157.00
3 important support areas can be observed.
- A support zone ranging from 180.91 to 182.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 171.78 to 173.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 158.59 to 160.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 200.45 to 203.27. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for MPC is up. |
| ChartMill Relative Strength | 72.9 | POSITIVE | MPC has a high relative strength, it outperformed 72.9% 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) | 52.65 | NEUTRAL | The RSI value for MPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests MPC has a negative trend. |
| Stochastics (14,3) | 60.92 | NEUTRAL | The Stochastics value for MPC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for MPC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.59 | POSITIVE | The high ADX value value for MPC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 203.28 | 190.43 | 12.85 (6.32%) | 15.82% |
| An entry @203.28. This is a Buy Stop order right above the resistance zone. | An exit @190.43. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 12.85 points, which is 6.32%. | For a 1.00% total portfolio risk, you can invest 15.82% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
192.82
-3.94 (-2%)
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.
Can you provide the trend direction for MARATHON PETROLEUM CORP?
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 52.6543. This indicates that the stock is currently neutral.
What is the MACD signal for MPC stock?
The MACD indicator for MARATHON PETROLEUM CORP (MPC) has a value of -0.635975, indicating a bearish trend.
What is the support and resistance level for MPC stock?
MARATHON PETROLEUM CORP (MPC) has a support level at 182.26 and a resistance level at 200.45. Check the full technical report for our detailed analysis of MPC support and resistance levels.