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

Stock Market
NYSE, United States of America

Target hit. Trade closed.

2 Apr 2024
3 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
  • 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
    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.

  • Conclusion - Marathon Petroleum (NYSE: MPC) Stock Price Forcast

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

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