MPLX LP (MPLX) Technical Analysis
NYSE:MPLX • US55336V1008
Current stock price
MPLX Technical Rating and Analysis
Taking everything into account, MPLX scores 4 out of 10 in our technical rating. MPLX has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- MPLX is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 76% of 209 stocks in the same industry do better.
- In the last month MPLX has a been trading in the 55.68 - 59.98 range, which is quite wide. It is currently trading near the lows of this range.
- 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 1774920 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.
- 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 57% of all stocks.
MPLX Weekly and Daily overview Charts
MPLX Setup Rating and Analysis
MPLX has an average technical rating and it also does not offer a high quality setup 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
MPLX Support and Resistance Analysis
47.31
When analyzing the support we can see 3 important areas.
- Support @54.70 from a trend line in the daily time frame.
- A support zone ranging from 50.46 to 50.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 47.79 to 48.19. 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 56.77 to 59.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
MPLX 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 MPLX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MPLX is down. |
| ChartMill Relative Strength | 57.06 | 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) | UP | POSITIVE | The current price of MPLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.6 | NEUTRAL | The RSI value for MPLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests MPLX has a negative trend. |
| Stochastics (14,3) | 13.73 | OVERSOLD | The low Stochastics value suggests MPLX may be oversold. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for MPLX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.31 | NEUTRAL | The ADX value for MPLX suggests a possible start of a new trend. |
MPLX Chart- and CandleStick Pattern Analysis
MPLX Technicals: Chart, Performance Metrics, Trend & Indicators
55.92
-1.15 (-2.02%)
MPLX LP / MPLX TA FAQ
Can you provide the ChartMill technical rating for MPLX LP?
ChartMill assigns a technical rating of 4 / 10 to MPLX.
What is the current trend direction of MPLX LP (MPLX) stock?
The current trend direction for MPLX LP (MPLX) is Bullish.
What is the RSI signal for MPLX stock?
MPLX LP (MPLX) has an RSI value of 35.5963. This indicates that the stock is currently neutral.
What is the short term momentum for MPLX LP (MPLX) stock?
The short term momentum for MPLX LP (MPLX) is negative.
What is the buy/sell signal for MPLX stock?
The buy/sell signal for MPLX LP (MPLX) is hold as the short term and long term trends are mixed.