Marathon Petroleum Technical Analysis (NYSE:MPC)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. A MPC stock chart pattern can give those who understand technical analysis an indication of which way MPC stock is headed, but cannot predict with 100% certainty as to what can happen to the Marathon Petroleum stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Marathon Petroleum. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Marathon Petroleum stock analysis using these technical indicators helps identify trading opportunities.
Marathon Petroleum Moving Average:
Moving averages show the average price of MPC stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $54.03 is above the price of $50.11.
Marathon Petroleum Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MPC stock. Marathon Petroleum bollinger bands show that the stock price is $50.11, upper band is 22.22, lower band is 18.92, and the average is 20.57.
Marathon Petroleum Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Marathon Petroleum MACD line is below the signal line.
Marathon Petroleum Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of MPC stock is 13.61. .