This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 41 similar cases, and 33 were successful. Based on this data, the odds of success are 80%.
MPC in +6.37% Uptrend, advancing for three consecutive days on July 15, 2020
As a Bullish sign, keep an eye on this company's ticker for future growth....
Do you want to invest in an oil stock but not know which one to buy?
MPC relatively has the best fundamentals in my view compared to all big oil stocks (XOM, CVX, OXY, PXD, VLO, and etc.)
Also, the chart is showing a stable upward trend.
Oil price will and is already going up at an exponential rate.
One oil stock I will buy during the oil/economic recession....
three most important us refineries (marathon/valero/phillips66) vs wti/brent
interesting correlation since 2015 and fall in oil price due to last oil war (2014, opec vs shale)
the 3 companies refine half the daily barrels of the top 11 refineries in us
own more refineries than the next 8 companies of the top 11
according to date from january last year, dont...
Posted earnings today at $1.56 with expectations of $0.86
Indicators showing early signs of a reversal but MPC has consistently beat earnings in the past only to see a drop in price.
MPC has recently retested prior support at the $58 level and broke down to bounce off the 200 day moving average, only to remount above the $58 level the very next day. This tells me that the 200 MA is strong support level paired with the $58 level. Looking for a push to the next level or resistance around the $62.5 level for a 6% move.
xau/usd going long MPC will follow bouncing on .38 resistance and also a 5 year resistance. should go up fast with a xau/breakout. Oil has a delayed correlation with xau/usd following the leader.
