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Marathon Petroleum Corp.Marathon Petroleum Corp.Marathon Petroleum Corp.

Marathon Petroleum Corp.

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MPN trade ideas

MPC - Still a long way to go to find harmony and balanceMPC (along with all refiners) appear considerably cheap to replacement value. MPC's chart pattern indicates it has placed in an upward sloping wedge formation. PetroChina building refining capacity to the tune of $70,740 per refined barrel. This is above the industry average of $32,800. With these new figures in place, industry replacement value offers a substantial upside. Cash Flow, Share Buy-Backs, Cash Levels are all strong!
NYSE:MPCLong
by The-Trend-is-the-Friend
10-15% in the next 2 weeks opportunities..!Entry: at the opening price Stop loss: 74.7 Reward/Risk: 2 Target range: 88-90 Time Frame: 1-2wks Possible gain: 10-15% Possible loss: 5% Position size: % of trading capital You can see the most important support(green line) and resistance (red line) levels. Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:MPCLong
by Moshkelgosha
MPC Trending Higher Towards 75Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The stock MPC appears to have broken out from a symmetrical triangle setup, with the resistance line making lower highs of 65.30 and 60.50 and the support line making higher lows of 50 and 53.30. The stock broke 2 levels of resistance, one at the resistance trend line of the symmetrical triangle and the other at a horizontal resistance level of 65.30. Expectations are for MPC to continue higher and test the 75 price level. If the pattern fails, MPC can decline back below the 65.30 resistance. From a longer term perspective MPC is trending higher, with support observed around the 64.72 price level. Technical Indicators The technical indicators corroborate the bullish trending nature of MPC. The stock is trading above its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The RSI is above 50 and the KST just recently had a positive crossover. Recommendation The recommendation will be to go long at market, with a stop loss at 64.70 and a target of 75. This produces a risk/reward ratio of 1.75. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
NYSE:MPCLong
by Ceddy86
Marathon Petroleum Nears Breakout LevelMarathon Petroleum has been quietly sitting below resistance, and now could be approaching a breakout. The first important feature on the oil refiner’s chart is Thursday’s pullback to its 50-day simple moving average (SMA). Buyers immediately defended this level, which MPC battled for five weeks in August and September. It’s also noteworthy that prices bounced around the June high of $64.84. Is old resistance new support? Next you have the large outside candle on November 2. While bearish on the surface, it occurred because the shares jumped on a strong quarterly report. They were overbought at the time, but over the longer run investors may be more interested in the consensus-beating profit and revenue numbers. Finally consider the line around $69, which is near the peaks of October 2019 and last month. That may create the potential for a move if prices break out. This could be especially interesting given the macro backdrop, with increased travel as the economy reopens. Energy is also the best performing sector in 2021. Will there be bandwagon buying into the holidays and window dressing into yearend? TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:MPCLong
by TradeStation
Marathon Petroleum (MPC)- Concurrent Bearish HarmonicsMarathon (MPC) is flashing a short term and long term bearish harmonic patterns Specifically a Bearish Crab (short term) and Bearish Bat (long term), Ideally, we need a little longer extension for the crab say the $65.50 area. Crab patterns also can extend further than expected, I have also overlaid a USOIL plot. Directionally certainly a reasonable fit. I won't be in a hurry to short this puppy but with a break in the oil price MPC should roll over. MPC is expected to report strong earnings on July 29th As usual do your own due diligence and pay attention to oil's direction, S.
NYSE:MPCShort
by Steve666
MPC call credit spreadMPC call credit spread Sold 56, bought 56.50, 2 DTE, 19% ROI Larger decline removed demand Sideways in a channel, generally trending down, so with trend in a channel Most recent decline penetrated half way into last strong demand Not entirely ideal, because of the liquidity search spike up into 55.28 on the decline, but the spread is above 1 supply and into the next. Price driving up hard past 1 sigma, into 2 sigma Spread structured into a supply shelf 2 dte so very good ROI for 2 days if I can keep it
NYSE:MPCShort
by claypuzzle