MARATHON PETROLEUM CORP (MPC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MPC - US56585A1025 - Common Stock
We assign a technical rating of 8 out of 10 to MPC. In the last year, MPC was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, MPC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 198.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 193.52, a Stop Loss order could be placed below this zone.
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155.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 188.79 to 193.52. 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 182.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 198.69 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 | 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 | 81.75 | POSITIVE | MPC has a high relative strength, it outperformed 81.75% off all stocks 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) | 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) | 51.79 | NEUTRAL | The RSI value for MPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests MPC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.91 | NEUTRAL | The Stochastics value for MPC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for MPC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.99 | NEGATIVE | The low ADX value for MPC suggests a weak or negative 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 |
|---|---|---|---|
| 200.15 | 188.78 | 11.37 (5.68%) | 17.60% |
| An entry @200.15. This is a Buy Stop order right above the resistance zone. | An exit @188.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 11.37 points, which is 5.68%. | When investing 17.60% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
193.73
+1.99 (+1.04%)
MARATHON PETROLEUM CORP / MPC FAQ
Can you provide the ChartMill technical rating for MARATHON PETROLEUM CORP?
ChartMill assigns a technical rating of 8 / 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 51.7914. 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 -0.6735, indicating a bearish trend.