MPC stock: buy or sell
Updated on:
Jan 18th, 2021
2
MPC stock brief
- Marathon Petroleum stock dropped -3.38% to close at $43.98 on the stock market last Friday.
- The stock is configuring an uptrend pattern since last October, when it bottomed at $26.18. This rally marked a 67.99% gain
- 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?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 we expect a selloff for $MPC in coming sessions, or that it may 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 stock?. 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 style. When selling, as well as buying, detailed strategies are very easy to follow but are only valid for selling stocks in your porfolio, not for shorting $MPC stock
A guiding principle is that you must never keep an operation that generates higher than expected losses at the time of purchase. The timing to sell shares should always be determined by the stop-loss (automatic or manual)
Is it time to sell Marathon Petroleum stock?
In the current situation of Marathon Petroleum there is not any eligible sell setup, so Marathon Petroleum stock holders with operations in green can keep their positions
Marathon Petroleum ratings
We don't have any rating posted in the last month for Marathon Petroleum
Marathon Petroleum stock analysis
Marathon Petroleum stock started an uptrend last October, and gained an amazing 67.99%. During this uptrend, the price offered some entry points on the breakouts. Latest pullback was in mid-December, when price bounced at $38.30. Currently, it moves in a consolidation between its last top ($46.08) and its last bottom ($38.30)
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band last Thursday, the price has been corrected downwards by 4.56%
Relative strength index
The RSI dropped below the overbought level of 70 last November after just crossing to the overbough zone for 1 day (weak signal). The RSI value last Friday was 57.1. Since RSI lost the overbought zone, Marathon Petroleum price skyrocketed a 3.60%
Marathon Petroleum stock price history
Marathon Petroleum went public priced at an adjusted price1 of $14.57 on Jun 2011. Since then, MPC stock surged by 201.85%, with an average of 22.43% per year. If you had invested thousand dollars in Marathon Petroleum stock on Jun 2011, it would have a value of $3,018.53 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Marathon Petroleum stock
Nobody knows how much a stock will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions post their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and many times. Again, these estimates are not direct recommendations for individual investors and must not be trusted blindly.
We don't have any target price posted in the last 30 days for Marathon Petroleum.
Earnings and financials
Last November, Marathon Petroleum ($MPC) hosted the financial event and released the report. MPC reported earnings of $-1.00 per share on sales of $17.5 billion. The market estimate was $-1.70 per share on revenue of $18.0 billion.
This compares to Earnings of $1.63 per share a year ago, so reported EPS means a drop of -161.35%. Revenue sank a -43.91% on an annualized basis in the , from $310.7B to $174.3B last quarter.MPC ($MPC) will host the quarterly earnings call on Wednesday next week. Wall Street analysts expect of $-1.13, that is a 13.00% lower than previous quarter.
Marathon Petroleum performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Marathon Petroleum ($MPC) | 4.60% | 47.00% | 20.10% |
Important note:
The comments written in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not know the individual circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for general educational purposes onlyMPC summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $44.9 |
| Close | $43.98 |
| Day range | $43.33 - $45 |
| Previous close | $45.52 |
| Session gain | -3.38% |
| Average true range | $1.93 |
| 50d mov avg | $40.39 |
| 100d mov avg | $35.38 |
| 200d mov avg | $34.19 |
| Earnings date | January 27th, 2021 |