MPC LongI am bullish on oil and oil-related stocks nowadays. I estimate there will be short-term bullish move on MPC. it is on bullish zone
2.30%
26.93USD
14.508BUSD
177.411BUSD
378.9M
About Marathon Petroleum Corporation
Sector
Industry
CEO
Michael J. Hennigan
Website
Headquarters
Findlay
Employees (FY)
17.8K
Founded
1887
ISIN
US56585A1025
Marathon Petroleum Corp. is an independent company, which engages in the refining, marketing, and transportation of petroleum products in the United States. It operates through the following segments: Refining and Marketing, and Midstream. The Refining and Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals, and trucks that the company owns or operates. The Midstream segment transports, stores, distributes and markets crude oil and refined products principally for the Refining and Marketing segment via refining logistics assets, pipelines, terminals, towboats, and barges. It also gathers, processes, and transports natural gas, and gathers, transports, fractionates, stores, and markets NGLs. The company was founded in 1887 and is headquartered in Findlay, OH.
Nice little 10% profitWhen you hit your TP take the profit & dont be greedy. Of course it may go lower, but then it again, it may not.
MPC: Bullish Pennant, confirmed (30,71%)(31/1000)(31/1000)
Bullish Pennant pattern on the weekly for MPC. Confirmed
30.71% possible gains.
MPC (Marathon) is part of the S&P Energy sector which has built into an ascending triangle. Not confirmed yet though.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4- 250
MPC: Ascending triangle (77%) and (101%)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)
MPC WeeklyNot much analysis needed with this. Setting new all time highs as we chart. Going higher.....
MARATHON PETROLEUM Stock Chart Fibonacci Analysis 050223Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 115/61.80%
MPC - Rising WedgeOn the chart, we can see a rising wedge holding its support, which we expect a breakout of.
Overall, the energy sector have been performing extremely well during the last year, as a result from the Ukrainian/Russian war, but has been dumped big time during the first quarter of 2023, and we therefor
$MPC with a bearish outlook following its earnings #Stocks The PEAD projected a bearish outlook for $MPC after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 20%.
$MPC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MPC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
See all ideas
Trade directly on the supercharts through our supported, fully-verified and user-reviewed brokers.
Curated watchlists where MPC is featured.
