MARATHON PETROLEUM CORP (MPC) Stock Technical Analysis
NYSE:MPC - New York Stock Exchange, Inc. - US56585A1025 - Common Stock - Currency: USD
Overall MPC gets a technical rating of 3 out of 10. MPC was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
69% of all other stocks performed better in the past year than MPC.
In the last month MPC has a been trading in the 160.29 - 178.60 range, which is quite wide. It is currently trading near the lows of this range.
MPC has an average volume of 2367520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
MPC is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 50% of 208 stocks in the same industry.
MPC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MPC is lagging the market.
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
159.22
184.09
When analyzing the support we notice one important area.
- A support zone ranging from 160.83 to 160.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 167.84 to 171.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 177.48 to 182.27. 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 | DOWN | NEGATIVE | The short term trend for MPC is down. |
| ChartMill Relative Strength | 31.28 | NEUTRAL | MPC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MPC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MPC is below 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) | 35.53 | NEUTRAL | The RSI value for MPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.8 | NEGATIVE | The MACD value suggests MPC has a negative trend. |
| Stochastics (14,3) | 5.4 | OVERSOLD | The low Stochastics value suggests MPC may be oversold. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for MPC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.61 | 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)
160.84
-0.67 (-0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.41%
1 Week-2.83%
2 Weeks-6.25%
1 Month-10.57%
3 Month6.59%
6 Month7.14%
12 Month-8.53%
2 Year12.66%
3 Year59.64%
5 Year353.58%
10 Year239.97%
15 YearN/A
Volatility
ATR(14)4.23
ATR(20)%2.56%
ATR Inc-24.33%
Range Today2.87
ADR(20)3.8
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.28
Mansfield-0.48
10 Day High175.5
10 Day Low160.29
20 Day High178.6
20 Day Low160.29
52 Week High183.1
52 Week Low115.1
CS1 End160.83
CR1 Start167.84
Volume & EV
DER(3)-0.52%
DER(5)-1.38%
Volume1.28M
Volume Incr-5.74%
Vol(5)1.92M
Vol(50)2.37M