MPLX LP (MPLX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MPLX • US55336V1008
Taking everything into account, MPLX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MPLX is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- MPLX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MPLX has a been trading in the 52.55 - 57.16 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- MPLX has an average volume of 1506470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, MPLX outperforms 57% of them, which is more or less in line with the market.
- MPLX is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, MPLX did better than 49% of them.
- Volume is considerably higher in the last couple of days.
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. There is a resistance zone just above the current price starting at 56.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 55.88, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 53.87 to 55.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.10 from a horizontal line in the daily time frame.
- A support zone ranging from 49.76 to 50.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.59 to 56.59. 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 | UP | POSITIVE | The short term trend for MPLX is up. |
| ChartMill Relative Strength | 57.82 | NEUTRAL | MPLX is not amongst the best or worst performers 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) | 57.5 | 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) | 58.8 | NEUTRAL | The Stochastics value for MPLX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for MPLX suggests low volalility. |
| Average Directional Index/ADX (14) | 15.16 | NEGATIVE | The low ADX value for MPLX 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 |
|---|---|---|---|
| 56.60 | 54.35 | 2.25 (3.98%) | 25.00% |
| An entry @56.60. This is a Buy Stop order right above the resistance zone. | An exit @54.35. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.25 points, which is 3.98%. | For a 0.99% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
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-0.42 (-0.74%)
MPLX LP / MPLX FAQ
Can you provide the ChartMill technical rating for MPLX LP?
ChartMill assigns a technical rating of 8 / 10 to MPLX.
Can you provide the trend direction for MPLX LP?
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 57.4958. This indicates that the stock is currently neutral.
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.
What is the support and resistance level for MPLX stock?
MPLX LP (MPLX) has a support level at 55.88 and a resistance level at 56.59. Check the full technical report for our detailed analysis of MPLX support and resistance levels.