Marathon Oil Corp (MRO) Stock Technical Analysis
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.
Both the short term and long term trends are positive. This is a very positive sign.
MRO is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. MRO outperforms 74% of them.
MRO 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 MRO is performing more or less in line with the market.
In the last month MRO has a been trading in the 25.62 - 29.37 range, which is quite wide. It is currently trading near the high of this range.
MRO has an average volume of 6265560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, MRO turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
Volume is considerably higher in the last couple of days.
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.
More info and screens
21.73
29.99
We found 6 important support areas.
- A support zone ranging from 27.40 to 27.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.88 from a trend line in the weekly time frame.
- A support zone ranging from 25.56 to 26.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.34 from a trend line in the weekly time frame.
- Support @22.39 from a horizontal line in the weekly time frame.
- Support @21.95 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 28.67 to 28.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.69 to 29.69. 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 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. |
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 |
|---|---|---|---|
| 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. |
- 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.
28.55
-0.37 (-1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.28%
1 Week-1.04%
2 Weeks0%
1 Month8.14%
3 Month1.64%
6 Month11.7%
12 Month12.62%
2 Year-6.79%
3 Year84.31%
5 Year145.06%
10 Year-1.28%
15 Year-12.48%
Volatility
ATR(14)0.61
ATR(20)%2.31%
ATR Inc-11.47%
Range Today0.94
ADR(20)0.57
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.5
Mansfield-0.35
10 Day High29.37
10 Day Low27.96
20 Day High29.37
20 Day Low25.62
52 Week High30.06
52 Week Low21.81
CS1 End27.93
CR1 Start28.67
Volume & EV
DER(3)0.03%
DER(5)0.74%
Volume37.03M
Volume Incr94.56%
Vol(5)11.08M
Vol(50)6.27M