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Archive
- 12/13/2024 -
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Marathon P (MPC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Marathon P (MPC). During the week, the MPC dropped -5.34 points, or -3.54%, and closed at 145.60 on Friday, December 13, 2024. MPC was trading at average weekly trading volume.
 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 Falling Wedge chart pattern. The trend support level is at 136.15 and resistance is at 156.41. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
Medium-term trend: [See MPC medium-term trend chart]
A medium-term downtrend had started on April 5, 2024 at 221.11 and reached 142.80 on November 1, 2024. MPC lost 78.31 points, or 35.42%, in 30 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 136.15 and resistance is at 156.41. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MPC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since May 3, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 November 21, 2024 at 161.60 and reached 144.40 on December 13, 2024. MPC lost 17.20 points, or 10.64%, in 22 days. The price is now at the 6.98% retracement level.
 Daily Technical Indicators: [See MPC daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since December 3, 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 |
3 |
| Industry |
Oil & Gas Refining & Marketing |
22 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
155.75 |
| High Date |
12/09/2024 |
| Low |
144.40 |
| Low Date |
12/13/2024 |
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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 |
161.60 |
| High Date |
11/21/2024 |
| Low |
144.40 |
| Low Date |
12/13/2024 |
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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 |
182.36 |
| High Date |
08/16/2024 |
| Low |
142.80 |
| Low Date |
11/01/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
156.41 |
| Support |
136.15 |
| High |
221.11 |
| High Date |
04/05/2024 |
| Low |
142.80 |
| Low Date |
11/01/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
156.41 |
| Support |
136.15 |
| Low |
50.19 |
| Low Date |
07/19/2021 |
| High |
221.11 |
| High Date |
04/05/2024 |
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