MPC stock: buy or sell
Updated on:
Jul 29th, 2021
1
MPC stock brief
- Marathon Petroleum closed on Wednesday at $55.28 after growing a 1.73%.
- Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States.
Should I buy Marathon Petroleum stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $MPC stock a buy?
In the current situation of Marathon Petroleum there is not any eligible buy setup. This doesn't mean $MPC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Marathon Petroleum stock?
How to know when is it time to sell Marathon Petroleum?. In the same way as when we have to buy shares, choosing when is the best time to sell is not a whimsy decision, and we must use our own trading strategy. We like very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups should not be used for shorting $MPC stock
A guiding principle is that you should never keep a trade that results in losses greater than those expected upon the buy. When to sell shares should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Marathon Petroleum stock?
Currently, Marathon Petroleum stock doesn't match any of our preferred sell setups, so if you hold Marathon Petroleum shares and your operation is in profit probably is not time to sell now
Marathon Petroleum ratings
We don't have any rating posted in the last month for Marathon Petroleum
Marathon Petroleum stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price broke down the lower band on July 20, the price rebounded by 9.55%
Relative strength index
The RSI broke out the oversold line of 30 on July 21 after just being in the oversold zone for just one day (what can be considered a strength signal). The RSI reading on Wednesday was 44.88. Since that level was crossed up, Marathon Petroleum price skyrocketed a 6.06%
Marathon Petroleum stock price history
Marathon Petroleum started trading priced at an adjusted price1 of $14.27 on Jun 2011. Since then, MPC stock surged by 287.39%, with an average of 28.74% per year. An investment of $1,000USD on the IPO would worth $3,873.86 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Marathon Petroleum stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.
The following table shows the price target published by analysts in the last 30 days. Again, these targets are not direct recommendations for small traders and should not be followed blindly.
We don't have any target price published in the previous 4 weeks for Marathon Petroleum.
Earnings and financials
Investors event was hosted by Marathon Petroleum ($MPC) last April after presenting the financial report.
This compares to Earnings of $-1.33 per share same quarter last year, so current EPS means 100.00%. Looking at turnover, figures fell a -9.88% compared to $252.9B same quarter last year.MPC ($MPC) is releasing financial report next November.
Marathon Petroleum performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Marathon Petroleum ($MPC) | -9.30% | -0.90% | 27.20% |
Disclaimer:
The comments expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this document does not know the individual circumstances of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for general educational purposes onlyMPC summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $54.65 |
| Close | $55.28 |
| Day range | $54.14 - $55.81 |
| Previous close | $54.34 |
| Session gain | 1.73% |
| Average true range | $2.27 |
| 50d mov avg | $59.60 |
| 100d mov avg | $57.23 |
| 200d mov avg | $49.03 |
| Earnings date | November 1st, 2021 |