Buy MPC 15/9/2021Stock above EXMA 200 and still in uptrend Stock is making higher low and tests the EXMA 13 and EXMA 34 So you can buy target 65.02 stop loss 53.62 Good luck
MPC trade ideas
MPC: Potentially Fake Bearish Head & Shoulder Formation MPC is forming the right shoulder of a Head & Shoulders trend reversal pattern.
Company in its latest earnings call has $9B planned for stock buyback at opportunistic prices. The buyback should mitigate downward trend as indicated by bearish Head & Shoulders pattern. Price should breach the previous shoulder high of $60.02.
Marathon Petroleum (MPC)- Concurrent Bearish HarmonicsMarathon (MPC) is flashing a short term and long term bearish harmonic patterns
Specifically a Bearish Crab (short term) and Bearish Bat (long term),
Ideally, we need a little longer extension for the crab say the $65.50 area.
Crab patterns also can extend further than expected,
I have also overlaid a USOIL plot. Directionally certainly a reasonable fit.
I won't be in a hurry to short this puppy but with a break in the oil price MPC should roll over.
MPC is expected to report strong earnings on July 29th
As usual do your own due diligence and pay attention to oil's direction,
S.
Marathon PeteI like Marathon Pete to $70. On May 14th (TODAY), they announced a deal to sell 3,900 speedways to 7-Eleven and a $10bil stock buyback. Even with the supposed Anti-Trust crackdown that came about mid-day, the large stock buy back in it of itself is a catalyst to drive this higher. If there are no anti-trust issues, I think we have another leg higher
MPC call credit spreadMPC call credit spread
Sold 56, bought 56.50, 2 DTE, 19% ROI
Larger decline removed demand
Sideways in a channel, generally trending down, so with trend in a channel
Most recent decline penetrated half way into last strong demand
Not entirely ideal, because of the liquidity search spike up into 55.28 on the decline, but the spread is above 1 supply and into the next.
Price driving up hard past 1 sigma, into 2 sigma
Spread structured into a supply shelf
2 dte so very good ROI for 2 days if I can keep it
Oil is looking bearish - short MPC ideaNoticing a slight head and shoulders pattern forming with negative divergence no Marathon Petroleum. Also, some volume today in the April 16 $50 strike puts. Potential downside to $46.
LONG MPC Risk/Reward = 2.65Just following continuation of the move up and getting in on a pullback here.
MARATHON PETROLEUM CORP Course DailyHey people, MARATHON PETROLEUM CORP is in a bullish momentum with a low purchase volume made and a hammer candle. On the TIMEFRAME M1 we see a hammer candle with a large volume of purchases exchanged at the end of the session, it is ready to breakout a stabilization zone for arrival in another. Great likelihood to move towards the last precedent above with a filling of a bearish breaking gap followed by a symbolic number which is 42.00 below a strong resistance corresponds on the MULTI TIMEFRAME.
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MPC Shooting Star?Anyone agree that this is a shooting star indicating a future drop in price? Clearly not an advisor. This is not advice. Let me know what you think!
MPC Option Call Swing I purchased calls for MPC this past Friday.I will add more on Monday for a short swing. The Energy Information Administration reported Thursday that U.S. crude inventories rose by 2 million barrels for the week ended Sept. 4, on the heels of six consecutive weekly declines. That compared with an average forecast by analysts polled by S&P Global Platts for a fall of 500,000 barrels. The American Petroleum Institute on Wednesday reported a climb of 3 million barrels, according to sources. Supply data were released a day later than usual this week due to Monday's Labor Day holiday. The EIA data also showed crude stocks at the Cushing, Okla., storage hub edged up by about 1.9 million barrels for the week. Gasoline supply, meanwhile, fell by 3 million barrels, while distillate stockpiles declined by 1.7 million barrels.
With that being said the potential catalyst for this week would be the reports due on the dates listed below.
The API Energy reports will be out September 15th at 1:30pm.
The EIA Energy report will be out September 16th at 9:30am
Important To know
The American Petroleum Institute reports inventory levels of US crude oil, gasoline and distillates stocks. The numbers reported show how much oil and product is available in storage.This is important because this indicator gives an overview of US petroleum demand.If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
We need the 14-3 Day Raw Stochastic at 50% and the price to crosses the 18 Day Moving Average to reach $34.58
Resistances around $31 and $32
Good Luck. I purchased a $35 strike price
MPC - 8.83% or 32.75% Profit Potential - Bearish PennantBearish Pennant formed out of a 2-month correction.
Target price set at new potential 2-month Support bounce. If we break through this new support line, rather than bouncing at $33.47, there is a possibility to hit a 2-year downtrend support line at $23.71.
- Historical Downtrend (1 year)
- RSI and STOCH below 50
- MACD below Signal
Suggested Entry $36.04
Suggested Stop Loss $37.15
Target price $33.47 (moderate) or $23.71 (aggressive)
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
MPC - 6.02% Potential Profit - Bullish PennantClear uptrend Support with a Bullish Pennant forming and price about to break-out.
Target price set at a new potential resistance line. Once broken, it might have the potential for a greater run.
- 5-month uptrend
- RSI above 50
- STOCH approaching 50
- MACD above Signal
Suggested Entry $39.35
Suggested Stop Loss $38.61
Target price $41.72
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
$MPCEarnings tomorrow + very bullish news.
🔥 $MPC
Marathon Petroleum announces agreement for $21B sale of Speedway (thefly.com)
Marathon Petroleum announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, a wholly owned, indirect subsidiary of Seven & i Holdings, whereby 7-Eleven will acquire Speedway for $21B in cash. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory approvals.
MPC, price moved above its 50-day MA on July 14, 2020This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 41 similar cases, and 33 were successful. Based on this data, the odds of success are 80%.
MPC in +6.37% Uptrend, advancing for three consecutive days on July 15, 2020
As a Bullish sign, keep an eye on this company's ticker for future growth. Considering data from situations where MPC advanced for three days, Tickeron AI shows that
in 270 of 338 cases, the price rose further within the following month. The odds of a continued Uptrend are 80%.
Profit taking will come and then enter againoil will exhaust soon and this will dip down. Will enter again in 32-33 range
MPC: By far the most stable and potential worthy oil stockDo you want to invest in an oil stock but not know which one to buy?
MPC relatively has the best fundamentals in my view compared to all big oil stocks (XOM, CVX, OXY, PXD, VLO, and etc.)
Also, the chart is showing a stable upward trend.
Oil price will and is already going up at an exponential rate.
One oil stock I will buy during the oil/economic recession. Let's win money together.
Good luck and make good choices.
three first refineries (marathon/valero/phillips66) vs wti/brentthree most important us refineries (marathon/valero/phillips66) vs wti/brent
interesting correlation since 2015 and fall in oil price due to last oil war (2014, opec vs shale)
the 3 companies refine half the daily barrels of the top 11 refineries in us
own more refineries than the next 8 companies of the top 11
according to date from january last year, dont know if they have changed since
$MPC Strong run follow throughVery strong atm. After a small pull back, will get in for another push.
Signs of a reversal for MPCPosted earnings today at $1.56 with expectations of $0.86
Indicators showing early signs of a reversal but MPC has consistently beat earnings in the past only to see a drop in price.
