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 now
MPLX 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...
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%.
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%.
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...
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%.
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%.
Goals 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...
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,...
This 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...
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 !
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...
Today, 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...
Hello 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!
Mplx 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?
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!
An 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.
Reasons:
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...
![MPLX: Buy $MPLX [NYSE: $MPLX] | 5.1.2020 | Eric Choe](https://s3.tradingview.com/j/JTnT3ujy_mid.png "Buy $MPLX [NYSE: $MPLX] | 5.1.2020 | Eric Choe")
