Decision TimeFrom June to today, MRO drop more than %61 and trendline supports at 5.24 which supported at 4.97 before
MRO trade ideas
Cup and handle?XLE also seems to have a stronger case for a cup and handle pattern. With the dual storms shutting down the Gulf, it seems like energy could go up from here.
MRO - Strong Bull Flag Above 50 Day Moving Average Long Easy $7MRO is currently displaying one of the strongest bull flag in the market today. It has been above the 50 day MA for a long time and never dipped below while everyone took profits on the QQQs today. Don't get tricked into the bear trap. Load up on MRO for the nice ride.
Short term playER on 5 August, Channel resistance and supports showed on chart. Breaking bottom channel and closed day above the trend line. If 5.73 holds, next resistance 6.17 but 6 is psychological resistance
right at the supportneeds to hold it else might see lower. but consider it as a buying opp. very strong balance sheet long term
Long Price drop from 8.43 to 5.33 with low volume, 5.34 and 5.18 worked several times as a support. 5.09 fibonacci 0,618 retracement point, it can find a strong support if 5.34 and 5.18 doesn't work.
Bullish Butterfly FormationTargets on the chart. Forming butterfly bullish chart. With WTI and index support targeting 11.85
Mid-term 2-6 months3.02-8.48 was first wave of elliot and forming second wave (take profit wave) good entry between 5.75 and 5.10 for longs. My Target: 11.86 less than in 3 months.
MRO Cup and Handle Gas prices have increased to over $2 a gallon. This stock was trading at $8.43 when gas prices were slashed in half during a stay at home order! People are back to work or traveling during the fourth of July.
LONG LONG LONG LONG
$MRO Marathon Oil Reversal trade
Possible long entry as energy looks to be in recovery.
Upside targets $7.15 - $7.50
hit a strong support. it might rebound tomorrowafter today's panic sale. there is a good chance for a big rebound tomorrow. need to hold the support around $6.30
Please note: just sharing my view. its not a recommendation for buying or selling.
$MRO Oil is set for a pull back...Gap UP TWICE!!Does anyone see the issue with this?
Gap UP TWICE in less than a week....
in a very overbought state can only
mean one thing.....right??
Remaining Value in a Crazy MarketJust a chart showing a comparison of the Delta between BP, Brent, and a US shale-exposed play (MRO) vs Goldman Sachs 2021 Targets.
The implication is that there is still value left in European Oil Majors and particularly in US shale given the rebound in oil prices. I do not try to examine balance sheets or earnings at all. To me, these are lagging indicators behind the almighty price of oil.
It is worth noting that MRO and other shale plays like Apache and Diamondback seem to fall harder than crude but also rise faster in a bull market. Should oil reach all time highs next year in a manner echoing the year after the Spanish Flu, this could still be a very good time to get into APA/MRO and other shale survivors. And it's hard to go wrong with European oil majors: BP, Total, RDS.A at this point at a time when the S&P 500 and Nasdaq are nearing or surpassing all time highs despite a damaged earnings picture at least a year out in most sectors.
$MRO Marathon Oil $7.00 short term
P/E ratio 17
Short interest 8.3%
Company Profile
Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S. The International segment engages in oil and gas development and production across international locations primarily in Equatorial Guinea and the United Kingdom. The company was founded in 1887 and is headquartered in Houston, TX.
MRO Long CallFirst time creating a chart. I know it's super rudimentary, but still getting used to and learning all the features. If you guys have feedback, please let me know! If you agree or like the judgement on the stock give a thumbs up or comment your thoughts... all are welcome!!
Life is a Marathon. Add oil!What I see...
+ Prices bounced off of 10ma to form a hammer on higher volume
+ Bollinger is tightening
+ RSI is turning upward
+ MACD is flat but in bullish territory
+ Low price stock
- 0.316 Fib has been serving as Resistance
- Close price is a bit far from MA
What I setup...
+ Long entry above Last week's high
- Stop under today's low
+ Target at the next fib level
:: Duration - 2 weeks
** Likes and Comments are appreciated; New Subscribers are oil rich! **
$MRO Marathon Oil upside targets Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S. The International segment engages in oil and gas development and production across international locations primarily in Equatorial Guinea and the United Kingdom. The company was founded in 1887 and is headquartered in Houston, TX.
Tight Squeeze for Some Oil!* Comments and Likes are appreciated; New Subscribers welcomed! *
What I see...
+ Consecutive NR7 on lowering vol.
+ Prices broke through a Cup and Handle formation from April; gap up and hit resistance at low-$6 and pulled back towards the rising 10MA and found support
+ 10MA crossed above 50MA last week and continued to support the prices
+ Prices held through last week's earnings
+ MACD has just cross into positive territory
+ RSI is at 59
- Resistance line pushed the price down twice in the past 10 days
- RSI appears to be heading down
How I setup...
+ Long entry above short term resistance line
- Stop under the channel
+ Target is ambitiously set at 2.618 Fib.
:: Duration: 4 to 10 days
