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Oil & Gas Refining & Marketing Industry Stocks Technical Analysis - MPCArchive
- 4/26/2024 -
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Marathon P (MPC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Marathon P (MPC). During the week, the MPC gained 2.01 points, or 1.02%, and closed at 198.39 on Friday, April 26, 2024. Weekly volume was -51% below average.
MPC is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See MPC long-term trend chart]
A long-term uptrend had started on July 19, 2021 at 50.19 and reached 221.11 on April 5, 2024. MPC gained -170.92 points, or -340.55%, in 141 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (132.43) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See MPC medium-term trend chart]
A medium-term uptrend had started on December 7, 2023 at 140.98 and reached 221.11 on April 5, 2024. MPC gained -80.13 points, or -56.84%, in 17 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 187.36 and resistance is at 200.19. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See MPC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since January 26, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See MPC short-term trend chart]
A short-term downtrend had started on April 5, 2024 at 221.11 and reached 193.74 on April 18, 2024. MPC lost 27.37 points, or 12.38%, in 13 days. The price is now at the 16.99% retracement level.
 Daily Technical Indicators: [See MPC daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 10, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
12 |
| Industry |
Oil & Gas Refining & Marketing |
101 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
200.39 |
| High Date |
04/25/2024 |
| Low |
195.87 |
| Low Date |
04/26/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
221.11 |
| High Date |
04/05/2024 |
| Low |
193.74 |
| Low Date |
04/18/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
200.19 |
| Support |
187.36 |
| Low |
140.98 |
| Low Date |
12/07/2023 |
| High |
221.11 |
| High Date |
04/05/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
104.32 |
| Low Date |
05/31/2023 |
| High |
221.11 |
| High Date |
04/05/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
170.89 |
| Support |
132.43 |
| Low |
50.19 |
| Low Date |
07/19/2021 |
| High |
221.11 |
| High Date |
04/05/2024 |
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