Buy Marathon Petroleum | NYSE MPC | Naranj Capital

 BUY   Marathon Petroleum (NYSE: MPC)

NYSE MPC : Marathon Petroleum - STOCK RECOMMENDATION

Idea BUY
Buy Range 200 – 204
Target 214 – 216
StopLoss* below 194
Duration 12-14 Trading Days
Potential Returns 5 – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 200 – 204 214 – 216 below 194 12-14 Trading Days 5 – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview and Social Media. Be assured such records are permanent and irreversible.

NYSE MPC : Marathon Petroleum - STOCK OVERVIEW

Marathon Petroleum Corporation is a fully integrated energy company with a focus on downstream operations. It has two segments: Refining & Marketing and Midstream. The Refining & Marketing segment refines various types of crude oil at refineries located in strategic regions across the US. Marathon distributes its refined products to domestic and international wholesale customers, as well as spot market buyers. The Midstream segment gathers, transports, stores, and distributes crude oil, refined products, and other hydrocarbon-based products. These activities support the Refining & Marketing segment through an extensive network of logistics assets, pipelines, terminals, towboats, barges, and other means.

Stock Data
TADAWUL Code MPC
Sectoral Index Energy
52 Weeks High 205.49
52 Weeks Low 104.32

NYSE MPC : Marathon Petroleum - RELATIVE STRENGTH

MPC-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Marathon Petroleum —     NYSE Composite —

NYSE MPC : Marathon Petroleum - TECHNICAL ANALYSIS (DAILY)

MPC-DAILY TECHNICAL ANALYSIS
Marathon Petroleum - Technical Analysis (Daily)
  • Price had been consolidating inside a Rectangle pattern.
  • After the breakout, price again started consolidating above the breakout level.
  • With a breakout, price moved so fast and currently trading at its All Time High.
  • It is clear that the momentum is with the buyers at present. We might see the price to reach to the upper levels in coming days.

NYSE MPC : Marathon Petroleum - RSI

Marathon Petroleum - RSI
  • The current RSI of the stock is 81.93, shows strength of buyers. RSI line is also in a uptrend, which is very positive signal.

NYSE MPC : Marathon Petroleum - MA CROSS

Marathon Petroleum - MA Cross
  • The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

NYSE MPC : Marathon Petroleum STOCK PRICE FORECAST

Based on our USA stock trading advice, Marathon Petroleum stock price target will be USD 214 – USD 216 in the next 12-14 trading sessions.

NYSE MPC : Marathon Petroleum - TRADINGVIEW POSITION UPDATE

Follow NYSE MPC : Marathon Petroleum TRADING ADVICE On Social Media

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

Enjoy this recommendation?
Share with your friends

Your return could be more

PROFITABLE!

access our premium recommendations

🇺🇸  A1 Trading Advice

USA Stock Markets NYSE & NASDAQ

Navigate the market like a pro with expert trading signals at your fingertips. Unlock valuable insights and stay ahead of the game.

Pricing

Pricing (in USD)

Email Newsletter

Get Free Saudi Stock Trading Advice

We respect your privacy.

For Any Queries, Call or Whatsapp +91-8335058282

You cannot copy content of this page