MRO Weekly Double BottomMRO has been forming this double bottom for weeks now. It looks primed and ready to test previous high of 32.50 and has room till 36Longby TendiesM0
ConocoPhillips to Buy Marathon Oil in $17 Billion All-stock DealConocoPhillips has agreed to buy Marathon Oil ( NYSE:MRO ) in an all-stock transaction worth $17 billion, bolstering its shale assets as the broader oil and gas industry undergoes a wave of consolidation. The deal will add 2 billion barrels of resources to ConocoPhillips' inventory in the U.S., extending the company's reach across shale fields in Texas, New Mexico, and North Dakota. ConocoPhillips CEO Ryan Lance said the acquisition further deepens its portfolio and fits within its financial framework, adding high-quality, low-cost of supply inventory adjacent to its leading U.S. unconventional position. The acquisition follows blockbuster deals announced last fall by its two bigger rivals, Exxon Mobil and Chevron, as the industry undergoes a transformational wave of consolidation. The U.S. oil majors are growing even larger, buying up lucrative oil fields to boost shareholder returns even as governments try to accelerate the transition away from fossil fuels to mitigate climate change. ConocoPhillips' stock was down 3.3% in early trading following the announcement as Marathon Oil shares surged 8.54%. ConocoPhillips is the third-largest U.S. oil company with a market capitalization of $137 billion, while Marathon Oil ( NYSE:MRO ) has a market cap of $14.4 billion. ConocoPhillips is the last of the top three U.S. oil companies to pull the trigger on a big acquisition. Technically, Marathon Oil ( NYSE:MRO ) stock is in a Bullish trend with the Relative Strength Index (RSI) at 67.06 further accentuating to the bullish campaign is the "Golden Cross" pattern depicted in the daily price chart and the bullish flag pattern. NYSE:MRO 's bullish campaign will be validated if the stock bridges the $30 pivot point that move position the RSI at 70.by DEXWireNews1
🛢️📈 Marathon Oil (MRO) Analysis 📈🛢️📊 Current Position: Strategic Growth: NYSE:MRO is strategically positioning itself for growth in the energy sector. LNG Sales Agreement: Initiatives like the LNG sales agreement with Glencore Energy UK enhance market positioning, particularly in European oil demand. Safety and Environmental Excellence: MRO's commitment to safety and environmental excellence, along with its ESG leadership, attracts investments and enhances reputation. Value Delivery: A CFO-driven framework aiming to return at least 40% of adjusted cash from operations to shareholders demonstrates value delivery. Balance Sheet Strengthening: Efforts to reduce debt and achieve positive free cash flow strengthen the balance sheet and bolster resilience. 💡 Outlook: Bullish Stance: A bullish stance on MRO is warranted, particularly above the $25.00-$26.00 range. Upside Target: The upside target is set at $36.00-$38.00 as MRO executes strategic initiatives and capitalizes on energy sector dynamics. 🚀 Investment Strategy: Entry: Consider entry above $25.00-$26.00, aligning with the bullish stance. Targets: Aim for profits at the identified upside target levels. Risk Management: Monitor industry trends, regulatory changes, and financial performance to manage risks effectively. 🌟 Note: Stay informed about energy market dynamics and company developments to make informed investment decisions! #MarathonOil #EnergySector #BullishAnalysis 🛢️📈Longby Richtv_official3
MRO ANALYSISThe bullish triangle has been on going for the last 22 months. confirmation of a wave five will occur when market price goes beyond the pick of wave B. Also refer to my previous analysis attached. Longby Clapperton_1
MRO US Oil LongThe US Energy Department has announced open bids for oil contracts to replenish the national strategic reserve which was depleted during the prior run up on global oil prices. This is a sure sign that the feds think that spot oil has but in a bottom especially in the context of shipping disruptions and higher insurance costs due to terrorism /piracy in the area of the Red Sea and Suez Canal. In the meanwhile two South American countries are having sovereignty disputes over oil fields and the British Navy is offshore to buttress the interests of Guyana. MRO is a domestic oil producer that is independent of Middle East issues. Its oil is consumed mostly in the US with a little shipping to Asia only. On the 50 minute chart, price downtrended from January 3th through and then below the high volume area of the volume profile. Price has reversed back up and reapproached the evolving high volume area. The dual TF MACD ( by Chris Moody) shows moving average divergence. Chris Moody's dual TF RSI indicator shows the faster TF RSI rising over the slower TF RSI as a sign of bullish momentum. I have taken both a stock and call options position in MRO having zoomed into the 15 minute TF for a good entry. Given the level of challenges current geopolitics presents to smooth flowing and inexpensive shipping of crude oil, I am expectant of significant gains in these positions. I have also looked into a position in OXY and CVE, which is a Canadian crude producer.Longby AwesomeAvaniUpdated 222
Marathon Oil Corporation: Bullish Bat with Bullish DivergenceMRO on the intraday is showing signs of Bullish Divergence on both the MACD and RSI at the potential HOP level of a Bullish Bat. If this plays out I think it could make a move up towards $25Longby RizeSenpaiUpdated 115
MRO ANALYSISThe bullish triangle wave 4 is near completion. The impulsive move is about to resume to complete wave 5. refer also to my earlier analysis attached below.Longby Clapperton_2
MRO BUY 12-01-2023 MRO BUY Bullish Momentum Strong Buy BUY $25.73 SELL$27.02 ASK 1.29 Longby TheProfitAdvisors223
MRO ANALYSISThe market has been tracing out an impulse from March 2020.The market move from May 2022 is taking the form of a triangle, after the correction is done the market will resume the move up.Longby Clapperton_2
Rising WedgeBoth lines slope up and converge at the apex. This is an area of over-supply. This pattern is not valid until the bottom line is broken and is support until then. No recommendation.by lauralea6
Long MRO at 22.00 Target 25Look daily chart on left look stoch trying heading up look buying vol look good and holding support Know look weekly on the right heading down so not investment I am playing daily stoch calling this a swing trade long 20.50 my stopLongby john12Updated 5
Oil Driller May Face Downside RiskMarathon Oil has staggered along with other energy stocks in recent months, and now traders may see risk of a selloff. The first pattern on today’s chart is the series of lower highs since mid-November while prices bounced at or near $26. A potentially bearish descending-triangle pattern has been the result. Second, consider how that triangle began soon after MRO failed to break $33. That may represent a double-top combined with the peak from late May. Next, the 50-day simple moving average (SMA) has been falling toward the 200-day SMA. Is a “death cross” around the corner? Speaking of moving averages, this chart includes our 2 MA Ratio custom script . It shows the default settings of the 8- and 21-day exponential moving averages (EMAs). Notice how the faster EMA has been under the slower EMA for most of the last three months. Finally, MRO has traded in a tight range and just completed a bearish inside week. That may allow volatility to increase if a directional move begins. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation118
MRO - The Bear Market Awakens 🐻❄️MRO opening down 3% and MUCH MORE to come here as MRO and USOIIL move deeper into the bear market. Same as my XOM thread the big clues were in the MRO/USOIL chart - back on December 1st revealed a top and showed bearish corrective price action. as did MRO against the dollar It is interesting that hardly anyone (no-one on TV 🤔? ) is looking at the asset over the dominant chart - USOIL. Everyone only looks at the asset over the dollar but it was the former that really helped build the case for this trade, just the same as with XOM. Check out my XOM thread and also the previous USOIL thread for a deeper dive, its a similar scenario to XOM here. This one is somewhat obvious as it is a double top with impulsive downside and bearish divergence. This should be a good entry here also with momentum very much to the downside. With bounces along the way will probably get back to about $8 in the end - we'll see. Not advice. Shortby dRends35Updated 228
MRO - IdeaAn Idea suggesting an uptrend in green on MRO Following a breakout of the down channel in red Stock idea Weekly by Bixley2
$MRO with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $MRO after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%. Shortby EPSMomentum110
Marathon Oil Regaining Momentum.Marathon Oil was a nice steady runner throughout the last 12 months pre pullback with the wider market. It's back up above its 20 day moving average and showing signs of regaining some of its momentum. Just keep an eye on earning due in the next couple of days and see which way the stock reacts depending on the news. One to watch. by zAngusUpdated 1116
MRO - Will See $7 Down The RoadMRO is going to have a big tumble after this very steep and unstable upthrust from deep lows. Has been well overbought on the monthly RSI for some time now. Also piercing through the 50 month MA will most likely prove to be a shakeout reversal and wick through on a higher time frame candle. USOIL is deep in a contracting fractal following a blow off top and will likely fall and when it does most probable MRO and all oil stocks will also. I think MRO will get back to the previous lows of $7 in March '15 which is in the inverted phi 0.618 band taken from the previous 2 and 3 significant pivots. Bought another 2024 LEAP put recently with very low IV implied volatility. The first one I bought quite early but thats ok, when the collapse gets going IV will expand significantly which will increase the value of my puts. I think the 0.618 band down the road will be a good area to sell puts and take advantage of high IV in a crash. Not advice. Shortby dRends35Updated 337
can the new trend support hold? nice break past local trend resistance recently, slow grind higher since it broke. Now holding above a local trend support, as long as that holds we can target 23.6-24.7-25.8Longby Vibranium_Capital119
$MRO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MRO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 80%. Longby EPSMomentum1
MRO Inverse H&S IdeaAn Idea for MRO stock, suggesting an inverse H&S formation, with only the right shoulder yet to form This will result in a bearish move, yet once completed bullish movement should resume as it enters a huge sideways channel which I consider to be really bullish for price in the long run as it will want to break out to the upside by Bixley111
earnings watch 5/3earnings watch 5/3: AMD MTCH HLT PFE MRO ABNB SBUX BP LYFT MSTR Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.comby Options36010100