MARATHON PETROLEUM CORP (MPC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MPC - US56585A1025 - Common Stock
Taking everything into account, MPC scores 2 out of 10 in our technical rating. MPC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of MPC is bad and it also does not present a quality setup 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
157.00
We found 2 important support areas.
- A support zone ranging from 162.62 to 164.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @158.59 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 179.50 to 184.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 198.16 to 200.14. 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 | NEUTRAL | NEUTRAL | The long term trend for MPC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MPC is neutral. |
| ChartMill Relative Strength | 62.79 | NEUTRAL | MPC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MPC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MPC is below a declining 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) | 50.74 | NEUTRAL | The RSI value for MPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.77 | POSITIVE | The MACD value suggests MPC has a positive trend. |
| Stochastics (14,3) | 80.31 | OVERBOUGHT | The high Stochastics value suggests MPC may be overbought. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for MPC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.7 | POSITIVE | The high ADX value value for MPC suggests a strong trend. |
176.17
-0.9 (-0.51%)
MARATHON PETROLEUM CORP / MPC FAQ
Can you provide the ChartMill technical rating for MARATHON PETROLEUM CORP?
ChartMill assigns a technical rating of 2 / 10 to MPC.
Can you provide the trend direction for MARATHON PETROLEUM CORP?
The current trend direction for MARATHON PETROLEUM CORP (MPC) is Bearish.
What is the RSI signal for MPC stock?
MARATHON PETROLEUM CORP (MPC) has an RSI value of 50.7394. 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 1.77032, indicating a bullish trend.
What is the support and resistance level for MPC stock?
MARATHON PETROLEUM CORP (MPC) has a support level at 164.07 and a resistance level at 179.5. Check the full technical report for our detailed analysis of MPC support and resistance levels.