MPLX - Ready to break higher Price has been slowly rising while contracting a lot those last few weeks. It's not a bad idea to try to buy now imho. Stop at today's low @36.46 or a bit lower @36.30 . Target is open for nowLongby ElliottWaveBelgiumUpdated 2
Bullish Scenario MPLXMPLX Price Targets : $38.89 $39.91 $45.24 MPLX LP Overview: MPLX LP is a diversified, large-cap master limited partnership formed by Marathon Petroleum Corporation (MPC). The company owns and operates a wide range of midstream energy infrastructure and logistics assets, in addition to providing fuels distribution services. MPLX's asset portfolio is extensive and includes: Crude Oil and Refined Product Pipelines: MPLX manages a network of pipelines designed for the transportation of both crude oil and refined petroleum products. These pipelines play a vital role in the distribution of energy resources. Inland Marine Business: The company is involved in an inland marine business, which likely includes the transportation of energy-related products via inland waterways. Light-Product Terminals: MPLX owns terminals specifically for handling light petroleum products. Storage Caverns and Tanks: The company has storage facilities, including caverns, refinery tanks, docks, loading racks, and associated piping for storing energy products. Crude Oil and Light-Product Marine Terminals: These are terminals used for the efficient transfer of crude oil and light petroleum products. Gathering Systems and Pipelines: MPLX owns and operates gathering systems and pipelines for both crude oil and natural gas. Natural Gas and NGL Processing: The company is involved in the processing and fractionation of natural gas and natural gas liquids (NGL) in key U.S. supply basins. MPLX's business model encompasses various aspects of the midstream energy sector, with a focus on transportation, storage, and processing of energy products. Please note that the status and details of companies can change over time, so for the most current information about MPLX LP, it's advisable to refer to the company's official documents and reports.Longby Helios_Capital_Investment1
$MPLX with a neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MPLX after a Negative under reaction following its earnings release placing the stock in drift B with an expected accuracy of 37.5%. by EPSMomentum0
$MPLX with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MPLX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 28.57%. by EPSMomentum0
MPLX Rounding Top Pattern MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Logistics and Storage (L&S) and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water. The Gathering and Processing segment gathers, processes, and transports natural gas. MPLX has a strong quantitative fundamental score (Greater than 6) with good analyst prospects (Buy and Hold ratings). Furthermore, MPLX has an extraordinary dividend pay out @ 2.768 per share/year. Therefore, this MPLX is good to hold and one should watch this for cheap shares in the next two years. For this trade, I would buy shares at $19.00 and continue buying until price reverses. I would make graduated buy orders that increase in position size, averaging into the position. I don't expect price will travel further down than about $16.00 - $17.00. Just be aware that price may dump but probably will not dump as bad as it did in February to March of 2020. Good luck and trade safely!by Antikythera_MechanismUpdated 225
$MPLX with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $MPLX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 16.67%. Shortby EPSMomentum1
$MPLX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MPLX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%. Longby EPSMomentum0
MPLX will soon be our Ex if these drops continueGoals 31, 30, 29. Invalidation at 36 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safeShortby Rykin_CapitalUpdated 1
MPLX X Waving also. MPLX We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!Longby Rykin_CapitalUpdated 112
Consider This Yield Swap With UpsideThis is a three piece yield swap // Long MPLX - a high quality, cheap, high yield MLP Long PINE - an extremely high quality high yielding REIT Short HE - an overvalued, constrained utility poised to underperform long term with heavy overinvestment in legacy renewables. Should yield about 3% with hedged risk and some medium term upside I estimate around +40%. If your cost of capital is low, this is something to considerLongby PropNotes332
Happy new year ! Long term buy and hold MPLX - This is one of my favorite stocks for my long term portfolio. Wave count suggests a big rise wich in itself is awesome but this company has also great dividens ! So, buy it and keep it for a few months/years. I certainly will !Longby ElliottWaveBelgiumUpdated 447
MPLX look through play on Energy Complex? Have gone long Energy in last week via MPLX. Energy broke Hedgeye Trend mid November as product of Quad 2 environment. Energy performs well as Real Rates/Inflation increase, so offers a natural hedge. My broker (I'm in UK) won't allow me to get the wider Energy Complex exposure, so went long its largest constituent part MPLX (makes up ~15% of total factor). Very strong trend emerging and has outperformed XLE in last year - while overbought in latest session I want to remain long energy given entry point and Inflation Up | Growth Up (Q1 GDP will likely be strong on RoC basis) basis. Significant reduction in growth (with demand side shock) and price, volume and vol data to support would get me out. Longby Fraser_G0
Our Stock of the Day / MPLXToday, we have a long setup to share. Here you will have a full explanation a) We always start with the Weekly or Daily chart to see the most relevant area. There we can see huge support that provides us with a bullish context b) On the 30min chart, we can see the price above the weekly support zone c) There we have a corrective structure on a key level d) Based on that, we will develop a long setup expecting a breakout of the corrective structure with a target on the descending trendline e) Entry Stop and Take profit are the ones you can see on the setup. The break-Even level is the yellow horizontal line f) We will cancel the setup if the price goes below the corrective structure g) We will risk 1% of our capital on this setup h) Remember: Trade safe, protect your capital, and always understand what you are doing. Longby ThinkingAntsOk228
MPLX LP View DailyHello traders, MPLX LP is in a hammer candle bullish push with stable buy volume. MPLX seems to want to break its retracement to seek the next higher, it is likely that we break in force to come to fill the bullish gap and this only if the buyers find the suitable price. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd0
$mplx :OMplx is on a tear! It's entering overbought territory. It likely has another dollar to go before it retraces. I'm thinking about selling around 22.25-22.50. What about everyone else?Longby Ziomus904
Cup & handle on 1D $mplx!Cup & handle forming on a 1D chart. I believe the target by analysts have been set to ~22. $mplx is also entering overbought territory, and that might cause a pullback in the near term. Mid to long term, $22 seems low, I think it may go past that. We'll see!Longby Ziomus903
MPLX: Sort opportunityAn intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.Shortby TradingStatistics3
Buy $MPLX [NYSE: $MPLX] | 5.1.2020 | Eric ChoeReasons: EMA trend .618 technical buy-level Stochastic RSI 1-hour timeframe and 15-minute timeframe is resetting RSI is bullish above 50 Risks : Earnings report in a few days Expansion currently - can dip and break trend at any moment S&P and other indices are close to breaking lower I'd appreciate a like and comment to encourage engagement across our community. My name is Eric Choe. I am a professional trader with over 7 years of equities and cryptocurrency experience. I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world. I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading. I've been a full-time equities trader ever since. I give detailed analysis on TradingView. Over the past 7 years, I've dedicated my time and effort to helping others learn about the financial markets. All my ideas are for education purposes. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial adviceLongby StockDweebs15
MPLX: Daily Break out with good vlumeMPLX tries to break a monthly Support but soon bounced up and now has a formed a daily breakout.Longby mohamed.tharwat.elsherief4
Potential Long Zone Need to see price hold in the buy zone before looking for a long back up $3 or soLongby FlyingSeaHorse5
Target $46.55trading in a long accumulation channel, testing bottom support level - can move up fast by noam_chom0