MARATHON PETROLEUM CORP (MPC) Technical Analysis
NYSE:MPC • US56585A1025
Current stock price
MPC Technical Rating and Analysis
Overall MPC gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month MPC has a been trading in the 210.64 - 255.77 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that MPC is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by MPC over the past year are nicely spread over this period.
- MPC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 70% of 209 stocks in the same industry.
- MPC has an average volume of 2604240 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 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.
MPC Weekly and Daily overview Charts
MPC Setup Rating and Analysis
Although MPC has an excellent technical rating, the quality of the presented setup is not ideal 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
MPC Support and Resistance Analysis
157.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 213.68 to 215.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 182.26 to 182.76. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 224.98 to 226.25. 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 233.92 to 235.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
MPC Technical Indicator Signal Analysis
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 | 86.71 | POSITIVE | MPC has a high relative strength, it outperformed 86.71% off all stocks 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) | 38.8 | NEUTRAL | The RSI value for MPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.83 | NEGATIVE | The MACD value suggests MPC has a negative trend. |
| Stochastics (14,3) | 13.08 | OVERSOLD | The low Stochastics value suggests MPC may be oversold. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for MPC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.47 | POSITIVE | The high ADX value value for MPC suggests a strong trend. |
MPC Chart- and CandleStick Pattern Analysis
MPC Technicals: Chart, Performance Metrics, Trend & Indicators
220.35
+6.23 (+2.91%)
MARATHON PETROLEUM CORP / MPC TA FAQ
Can you provide the ChartMill technical rating for MARATHON PETROLEUM CORP?
ChartMill assigns a technical rating of 8 / 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 MARATHON PETROLEUM CORP (MPC) stock?
MARATHON PETROLEUM CORP (MPC) has an RSI value of 38.797. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for MARATHON PETROLEUM CORP?
The buy/sell signal for MARATHON PETROLEUM CORP (MPC) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for MARATHON PETROLEUM CORP (MPC) stock?
MARATHON PETROLEUM CORP (MPC) has a support level at 213.68 and a resistance level at 224.98. Check the full technical report for our detailed analysis of MPC support and resistance levels.