The Greedy Trader Weekly Analysis
Sign In Jan 22, 2021
Skip Navigation Links
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 1/15/2021 -
Sign In to see current Signals.

Marathon P (MPC)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is overboughtPrice is near the Fibonacci 23.6% retracement levelThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was a fourth consecutive positive week for the Marathon P (MPC). During the week, the MPC gained 0.80 points, or 1.85%, and closed at 43.98 on Friday, January 15, 2021. Weekly volume was -13% below average.

MPC is a member of Energy Sector. Energy is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See MPC long-term trend chart]
A long-term uptrend had started on April 3, 2020 at 18.27 and reached 46.08 on January 14, 2021. MPC gained -27.81 points, or -152.22%, in 40 weeks. The chart has formed a Falling Wedge chart pattern. The uptrend resistance line (21.79) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See MPC medium-term trend chart]
A medium-term uptrend had started on December 21, 2020 at 38.30 and reached 46.08 on January 14, 2021. MPC gained -7.78 points, or -20.31%, in 3 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 43.26 and resistance is at 46.54. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See MPC weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 13, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See MPC short-term trend chart]
A short-term downtrend had started on January 14, 2021 at 46.08 and reached 43.33 on January 15, 2021. MPC lost 2.75 points, or 5.97%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See MPC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since January 6, 2021. The distance between MACD and the signal line is low, but getting bigger.

The distance between the Bollinger Bands is falling, and it was 16.37% on Friday. It is 53.88% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.69
Williams' Percentage Range (W%R) 15.20
Overbought
Lane's Stochastic (%D-Slow) 78.49
Greed/Fear Indicator (GFI) 74.67
Moving Average Converg./Diverg. (MACD) 1.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.60
Overbought
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 84.05
Overbought Bearish
Greed/Fear Indicator (GFI) 79.88
Moving Average Converg./Diverg. (MACD) 1.16 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 46.54
Upper Bollinger Band 46.28
Daily Stochastic Crossing 45.25
Weekly Stochastic Crossing 44.61
Price 43.98
Parabolic System 43.29
Monthly Trendline Support 43.26
20 Day Moving Average 42.17
50 Day Moving Average 40.55
Lower Bollinger Band 39.07
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Refining & Marketing 108
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 46.08
High Date 01/14/2021
Low 43.33
Low Date 01/15/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.08
High Date 01/14/2021
Low 43.33
Low Date 01/15/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 46.54
Support 43.26
Low 38.30
Low Date 12/21/2020
High 46.08
High Date 01/14/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.56
Low Date 10/02/2020
High 46.08
High Date 01/14/2021
Description Value
Direction Up
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 21.98
Support 21.79
Low 18.27
Low Date 04/03/2020
High 46.08
High Date 01/14/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2018 All rights reserved.