MPC stock: buy or sell
Updated on:
Apr 22nd, 2021
1
MPC stock brief
- Marathon Petroleum closed on Wednesday at $53.31 after rising a 2.42%.
- From the chart point view, price is drawing a scaled uptrend since October 2020 with higher tops and higher bottoms. This uptrend marked a 105.99% gain
- Marathon Petroleum posted its earnings report on April 14
- 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 just one buy setup eligible:
Uptrend buy setup
Marathon Petroleum stock continues to trend higher since in October 2020 and has marked an amazing 105.99% gain. Price marked a local bottom in this uptrend at $51.12 in late March, and since then it bounced off a 4.28%. Now, it's just 12.42% away from breaking out above its last top and resume the uptrend. The new entry point is therefore at $59.93. If you decide to enter this trade, the suggested stop loss is at $53.94
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $59.93 | $53.94 | 10.00% |
Should I sell Marathon Petroleum stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies let us to avoid rash decisions based on our personal emotions or the buzz surrounding the market. When selling, as well as buying, our setups are very easy to use but are only applicable for selling shares you already own, not for selling short Marathon Petroleum stock
A golden rule is that you should never hold a trade that produces greater losses than those expected by the time of purchase. When to sell shares always has to 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
In the last month, 2 ratings were published for Marathon Petroleum
| Brokerage firm | Rating |
|---|---|
| Apr 1st, 2021 | |
| Piper Sandler | Buy |
| Apr 16th, 2021 | |
| Raymond James | |
Marathon Petroleum stock analysis
Marathon Petroleum shares started an uptrend in October 2020, and grew an amazing 105.99%. The price line shows higher peaks and higher lows, and along the way gave some buy points for those who wanted to enter. Latest pullback was in late March, when price bounced at $51.12. Like in all uptrends, price needs to rest and currently price is moving in a range between $59.93 and $51.12
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
The price is moving near to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a buy signal, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 48.85. Since that level was lost, Marathon Petroleum stock collapsed a 8.09%
Marathon Petroleum stock price history
Marathon Petroleum started trading priced at an adjusted price1 of $14.41 on Jun 2011. Since then, MPC stock has risen by 269.95%, with an average of 29.99% per year. An investment of $1,000USD on the IPO would be valued $3,699.51 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Marathon Petroleum stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts posted by brokerage institutions in the last month. If you are a small trader you must not trade based on these forecasts.
The average price target for Marathon Petroleum stock calculated from the table below is $64.50. Marathon Petroleum closed at $53.31 on Wednesday, that is a 17.35% than the predicted price.
| Brokerage firm | Price target |
|---|---|
| Apr 1st, 2021 | |
| Piper Sandler | $50.00 → $60.00 |
| Apr 16th, 2021 | |
| Raymond James | $69.00 |
Earnings and financials
Marathon Petroleum ($MPC) hosted the quarterly investors event and presented the report on April 14. MPC presented earnings of $0.28 per share compared to market estimate that was $-0.70.
Same quarter one year ago, reported EPS was $1.56, so recently reported EPS means a reduction of -82.05%. Turnover collapsed a -28.73% on an annualized basis in the , from $252.9B to $180.2B last quarter.MPC ($MPC) is hosting the Q1 earnings call next Tuesday. Market analysts analysts predict of $-1.41, that is a 603.57% less than Q2.
Marathon Petroleum performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Marathon Petroleum ($MPC) | 1.50% | 16.70% | 91.30% |
Important note:
The thoughts contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not have an understanding of the individual positions of the reader, his or her 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 Thoughts are published for education motives onlyMPC summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $51.43 |
| Close | $53.31 |
| Day range | $51.28 - $53.42 |
| Previous close | $52.05 |
| Session gain | 2.42% |
| Average true range | $1.85 |
| 50d mov avg | $54.11 |
| 100d mov avg | $48.30 |
| 200d mov avg | $40.64 |
| Earnings date | May 4th, 2021 |