MPLX LP (MPLX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MPLX - US55336V1008
Overall MPLX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MPLX is showing a nice and steady performance.
Although MPLX has an excellent technical rating, it does not present a decent entry opportunity 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
46.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 52.24 to 52.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @50.32 from a horizontal line in the daily time frame.
- A support zone ranging from 47.79 to 48.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.68 from a horizontal line in the daily time frame.
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 MPLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MPLX is up. |
| ChartMill Relative Strength | 77.32 | POSITIVE | MPLX has a high relative strength, it outperformed 77.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MPLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MPLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MPLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.25 | OVERBOUGHT | The high RSI value suggests MPLX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests MPLX has a positive trend. |
| Stochastics (14,3) | 87.39 | OVERBOUGHT | The high Stochastics value suggests MPLX may be overbought. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for MPLX suggests low volalility. |
| Average Directional Index/ADX (14) | 25.46 | POSITIVE | The high ADX value value for MPLX suggests a strong trend. |
55.88
+1.06 (+1.93%)
MPLX LP / MPLX FAQ
Can you provide the ChartMill technical rating for MPLX LP?
ChartMill assigns a technical rating of 9 / 10 to MPLX.
What is the trend direction for MPLX stock?
The current trend direction for MPLX LP (MPLX) is Bullish.
Can you provide the RSI signal for MPLX LP?
MPLX LP (MPLX) has an RSI value of 71.2481. This indicates that the stock is currently overbought.
What is the MACD signal for MPLX LP (MPLX) stock?
The MACD indicator for MPLX LP (MPLX) has a value of 0.151269, indicating a bearish trend.
Can you provide the buy/sell signal for MPLX LP?
The buy/sell signal for MPLX LP (MPLX) is buy as both the short term and long term trends are positive.