MPLX LP (MPLX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MPLX - US55336V1008
53 USD
+0.45 (+0.86%)
53.29 USD
+0.29 (+0.55%)
Overall MPLX gets a technical rating of 3 out of 10. In the last year, MPLX was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
MPLX is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. MPLX outperforms 71% of them.
MPLX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MPLX is lagging the market slightly.
In the last month MPLX has a been trading in the 51.60 - 55.30 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MPLX has an average volume of 1577940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, MPLX turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
Although the technical rating is bad, MPLX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 52.56, a Stop Loss order could be placed below this zone.
More info and screens
46.21
56.45
4 important support areas can be observed.
- A support zone ranging from 52.44 to 52.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong support @50.32 from a horizontal line in the daily time frame.
- A support zone ranging from 47.79 to 49.30. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 53.08 to 53.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 55.87 to 55.89. 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 | NEUTRAL | NEUTRAL | The long term trend for MPLX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MPLX is down. |
| ChartMill Relative Strength | 61.79 | NEUTRAL | MPLX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MPLX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MPLX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MPLX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.7 | NEUTRAL | The RSI value for MPLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests MPLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.31 | NEUTRAL | The Stochastics value for MPLX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for MPLX suggests low volalility. |
| Average Directional Index/ADX (14) | 20.21 | NEUTRAL | The ADX value for MPLX 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)
53
+0.45 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.86%
1 Week-1.61%
2 Weeks-1.91%
1 Month-3.9%
3 Month10.88%
6 Month4.62%
12 Month9.62%
2 Year37.48%
3 Year51.78%
5 Year129.34%
10 Year72.25%
15 YearN/A
Volatility
ATR(14)0.9
ATR(20)%1.7%
ATR Inc4.84%
Range Today0.77
ADR(20)0.9
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.79
3 months CRS78.74
6 months CRS52.6
Mansfield-0.86
10 Day High54.32
10 Day Low51.6
20 Day High55.3
20 Day Low51.6
52 Week High56.26
52 Week Low44.6
CS1 End52.56
CR1 Start53.08
Volume & EV
DER(3)2.98%
DER(5)-1.92%
Volume1.13M
Volume Incr19.96%
Vol(5)1.63M
Vol(50)1.58M
MPLX LP / MPLX FAQ
Can you provide the ChartMill technical rating for MPLX LP?
ChartMill assigns a technical rating of 3 / 10 to MPLX.
Can you provide the trend direction for MPLX LP?
The current trend direction for MPLX LP (MPLX) is Bearish.
Can you provide the RSI signal for MPLX LP?
MPLX LP (MPLX) has an RSI value of 45.7032. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for MPLX LP?
MPLX LP (MPLX) has a support level at 52.56 and a resistance level at 53.08. Check the full technical report for our detailed analysis of MPLX support and resistance levels.