Marathon Petroleum Technical Analysis (NYSE:MPC)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Marathon Petroleum stock price data and volume are plotted in MPC stock charts and these trading charts form the basis of technical analysis.
See Marathon Petroleum bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Marathon Petroleum stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Marathon Petroleum Moving Average
Moving averages show the MPC stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $76.97 is above the price of $72.62.
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. The stock price is trading between the average and the lower band in the context of Marathon Petroleum bollinger bands.
Marathon Petroleum Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Marathon Petroleum MACD indicator can be used to identify bullish and bearish trends for the stock.
Marathon Petroleum Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 15.39 is the RSI value of MPC stock.