NYSE:MRO - New York Stock Exchange, Inc. - US5658491064 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to MRO. In the last year, MRO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
MRO has an excellent technical rating and 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 27.93, a Stop Loss order could be placed below this zone.
21.73
We found 6 important support areas.
2 important resistance areas can be observed.
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 MRO is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRO is up. |
ChartMill Relative Strength | 51.5 | NEUTRAL | MRO is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MRO is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRO is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRO is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 56.13 | NEUTRAL | The RSI value for MRO is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests MRO has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 77.42 | NEUTRAL | The Stochastics value for MRO is a neutral value. |
Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for MRO suggests some volalility. |
Average Directional Index/ADX (14) | 24.62 | NEUTRAL | The ADX value for MRO suggests a possible start of a new 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 |
---|---|---|---|
28.97 | 27.95 | 1.02 (3.52%) | 25.00% |
An entry @28.97. This is a Buy Stop order right above the resistance zone. | An exit @27.95. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.02 points, which is 3.52%. | For a 0.88% total portfolio risk, you can invest 25.00% of your capital in this trade. |
28.55
-0.37 (-1.28%)