Buy Marathon Petroleum | NYSE – MPC | Short Term Trading Advice | Energy Sector | 2th Apr 2024 | Expected Gain 5% – 6%

Date

2 April 2024

Analysed By

Naranj Capital Research Desk

Stock Market

NYSE, United States of America

Target hit. Trade closed.

NYSE MPC

2 Apr 2024

3 Apr 2024

2 days

Loss per
100,000 USD

Stop-loss

194

Buy Advice

2 Apr 2024

200 – 204

Target 1

3 Apr 2024

214

Target 2

3 Apr 2024

216

Profit per
100,000 USD

2 days

5,623

194

200 – 204

214

216

5,623

US Stocks Trading Signals

Buy

Buy
Range

Target

Stoploss

Upside
Potential

Trade
Duration

Marathon Petroleum

200 – 204

214 – 216

Below 194

5% – 6%

12 - 14 Days

Buy Marathon Petroleum

Buy
Range 200 – 204

Target 214 – 216

Stoploss Below 194

Upside
Potential 5% – 6%

Trade
Duration 12 - 14 Days

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

* Trade durations are approximate; actual holding period may vary.

Marathon Petroleum (NYSE: MPC) - Stock Overview

NYSE code

Stock Name

Sector

52 Weeks High

52 Weeks Low

MPC

Marathon Petroleum

Energy

205.49

104.32

NYSE code MPC

Stock Name Marathon Petroleum

Sector Energy

52 Weeks High 205.49

52 Weeks Low 104.32

Company profile

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.

Marathon Petroleum (NYSE: MPC) vs NYSE - Relative Strength Comparison

The image showcases Marathon Petroleum's 1-year performance relative to NYSE. — Relative Performance - Last 1 Year
MPC — NYSE —

Marathon Petroleum (NYSE: MPC) - Technical Analysis (Daily)

Marathon Petroleum - Technical Analysis chart on Daily Price and Volume

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.

Marathon Petroleum (NYSE: MPC) - RSI Indicator

Marathon Petroleum stock analysis based on RSI Indicator — Marathon Petroleum - RSI Indicator

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.

Marathon Petroleum (NYSE: MPC) - MA Crossover

Marathon Petroleum stock analysis based on MA Crossover — Marathon Petroleum - MA Crossover

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.