Marathon Petroleum Corporation MPC

LeLaf

MPC (Marathon) following the overall trend in energy stocks. this particular stock is part of the S&P energy sector index. The daily graph shows a confirmed ascending triangle with price target of 106.93$ (Left graph). The weekly chart shows another ascending triangle on the weekly (not confirmed) with price target of 138.82$. Still needs to break the 70$...

patchholley

MPC primed to go back to ATH over the next year. MPC continued its trend of beating earnings 4 quarters in a row. Even though this time it was slightly less than expected, the stock dropped slightly, but only to the next Fibonacci level, which also happens to be the lower bound of the parallel channel it finds itself in. Some positive momentum and a high oil price...

Ceddy86

Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The stock MPC appears to have broken out from a symmetrical triangle setup, with the resistance line making lower highs of 65.30 and 60.50 and the support line making higher lows of 50 and 53.30. The stock broke 2 levels of resistance, one at the resistance trend line of the symmetrical...

amr_youssef2

Stock above EXMA 200 and still in uptrend Stock is making higher low and tests the EXMA 13 and EXMA 34 So you can buy target 65.02 stop loss 53.62 Good luck

TradingNeophyte

MPC is forming the right shoulder of a Head & Shoulders trend reversal pattern. Company in its latest earnings call has $9B planned for stock buyback at opportunistic prices. The buyback should mitigate downward trend as indicated by bearish Head & Shoulders pattern. Price should breach the previous shoulder high of $60.02.

Steve666

Marathon (MPC) is flashing a short term and long term bearish harmonic patterns Specifically a Bearish Crab (short term) and Bearish Bat (long term), Ideally, we need a little longer extension for the crab say the $65.50 area. Crab patterns also can extend further than expected, I have also overlaid a USOIL plot. Directionally certainly a reasonable fit. I...

mvnicosia

I like Marathon Pete to $70. On May 14th (TODAY), they announced a deal to sell 3,900 speedways to 7-Eleven and a $10bil stock buyback. Even with the supposed Anti-Trust crackdown that came about mid-day, the large stock buy back in it of itself is a catalyst to drive this higher. If there are no anti-trust issues, I think we have another leg higher

billsim000111

above $61

claypuzzle

MPC call credit spread Sold 56, bought 56.50, 2 DTE, 19% ROI Larger decline removed demand Sideways in a channel, generally trending down, so with trend in a channel Most recent decline penetrated half way into last strong demand Not entirely ideal, because of the liquidity search spike up into 55.28 on the decline, but the spread is above 1 supply and into the...

vinen

Noticing a slight head and shoulders pattern forming with negative divergence no Marathon Petroleum. Also, some volume today in the April 16 $50 strike puts. Potential downside to $46.

amirbolivnad

mpc buy

asenski

Just following continuation of the move up and getting in on a pullback here.

stephanelibatd

Hey people, MARATHON PETROLEUM CORP is in a bullish momentum with a low purchase volume made and a hammer candle. On the TIMEFRAME M1 we see a hammer candle with a large volume of purchases exchanged at the end of the session, it is ready to breakout a stabilization zone for arrival in another. Great likelihood to move towards the last precedent above with a...

pcrunner

Anyone agree that this is a shooting star indicating a future drop in price? Clearly not an advisor. This is not advice. Let me know what you think!

Sahmlife_30

I purchased calls for MPC this past Friday.I will add more on Monday for a short swing. The Energy Information Administration reported Thursday that U.S. crude inventories rose by 2 million barrels for the week ended Sept. 4, on the heels of six consecutive weekly declines. That compared with an average forecast by analysts polled by S&P Global Platts for a fall...

maschera

Bearish Pennant formed out of a 2-month correction. Target price set at new potential 2-month Support bounce. If we break through this new support line, rather than bouncing at $33.47, there is a possibility to hit a 2-year downtrend support line at $23.71. - Historical Downtrend (1 year) - RSI and STOCH below 50 - MACD below Signal Suggested Entry...

maschera

Clear uptrend Support with a Bullish Pennant forming and price about to break-out. Target price set at a new potential resistance line. Once broken, it might have the potential for a greater run. - 5-month uptrend - RSI above 50 - STOCH approaching 50 - MACD above Signal Suggested Entry $39.35 Suggested Stop Loss $38.61 Target price $41.72 Note that I tend...