MPLX LP (MPLX) Stock Technical Analysis
NYSE:MPLX - New York Stock Exchange, Inc. - US55336V1008 - Currency: USD
Overall MPLX gets a technical rating of 7 out of 10. In the last year, MPLX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, MPLX did better than 75% of all other stocks. On top of that, MPLX also shows a nice and consistent pattern of rising prices.
MPLX is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 72% of 213 stocks in the same industry.
MPLX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MPLX is performing more or less in line with the market.
MPLX has an average volume of 1409520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MPLX has a been trading in a tight range between 50.00 and 52.40.
Besides having an excellent technical rating, MPLX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 51.26, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
45.17
55.21
4 important support areas can be observed.
- A support zone ranging from 50.31 to 51.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.85 to 48.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 46.45 to 46.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 51.45 to 51.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @52.56 from a horizontal line in the daily time frame.
- A resistance zone ranging from 53.82 to 54.66. 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 MPLX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MPLX is neutral. |
| ChartMill Relative Strength | 75.19 | POSITIVE | MPLX has a high relative strength, it outperformed 75.19% 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) | 51.63 | NEUTRAL | The RSI value for MPLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MPLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.58 | NEUTRAL | The Stochastics value for MPLX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for MPLX suggests low volalility. |
| Average Directional Index/ADX (14) | 10.07 | NEGATIVE | The low ADX value for MPLX suggests a weak or negative 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)
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 |
|---|---|---|---|
| 51.67 | 50.65 | 1.02 (1.97%) | 25.00% |
| An entry @51.67. This is a Buy Stop order right above the resistance zone. | An exit @50.65. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.02 points, which is 1.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- The distance between exit and entry is rather small compared to the average daily movement of MPLX. Please evaluate whether better entry and exit points can be found.
- 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.
51.38
-0.03 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.06%
1 Week-0.94%
2 Weeks0.16%
1 Month1.44%
3 Month-4.32%
6 Month8.67%
12 Month24.05%
2 Year51.38%
3 Year76.26%
5 Year197.34%
10 Year-28.02%
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%1.56%
ATR Inc-6.89%
Range Today0.58
ADR(20)0.78
ADR(20)%1.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.19
Mansfield0.34
10 Day High52.4
10 Day Low50.66
20 Day High52.4
20 Day Low50
52 Week High54.87
52 Week Low39.95
CS1 End51.26
CR1 Start51.45
Volume & EV
DER(3)-0.53%
DER(5)-1.08%
Volume1.72M
Volume Incr31.55%
Vol(5)1.36M
Vol(50)1.41M