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Advanced TA SearchArchive
- 5/10/2024 -
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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 -2.99 points, or -1.64%, and closed at 179.56 on Friday, May 10, 2024. Weekly volume was -46% 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 (133.62) 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 May 31, 2023 at 104.32 and reached 221.11 on April 5, 2024. MPC gained -116.79 points, or -111.95%, in 44 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 170.42 and resistance is at 232.52. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See MPC weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See MPC short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 176.87 and reached 184.77 on May 6, 2024. MPC gained -7.90 points, or -4.47%, in 5 days. The price is now at the 65.95% retracement level.
 Daily Technical Indicators: [See MPC daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 daily MACD line is below its signal line since April 10, 2024.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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