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Takip Edin: @UscMarketsMPC Stock Forecast & Marathon Petroleum Corporation Chart Analysis
This article provides a detailed analysis of MPC-Marathon Petroleum Corporation stock including a forecast for MPC shares. It features Marathon Petroleum Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
MPC Historical Data Review
MPC Current Price Performance Analysis
The Marathon Petroleum Corporation - MPC stock traded on the American stock market, on 06-05-2024, closed at 173.92$ with a %-0.76 decreased compared to the previous day.
In the last month, the price of MPC changed by %-4.85 decreased in value, from 182.78 dollars on 05-06-2024 to 173.92 dollars, decreased.
Last year, the price of MPC was 109.03 dollars on 06-06-2023, and changed by %59.52 increased in value, to 173.92 dollars increased within a year.
The price of Marathon Petroleum Corporation stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
MPC with AI Stock Forecast & Price Target
On the MPC chart Marathon Petroleum Corporation price was recorded as 173.92 Dollars on 06/05/2024.
The artificial intelligence's forecast on MPC stock is as follows.
The artificial intelligence's prediction error margin for MPC stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Marathon Petroleum Corporation stock over the next 4 months is: 182.2 Dollars.
The commentary on MPC stock Target Price: Highest: 209.431 Dollars is predicted.
The commentary on MPC stock Target Price: Lowest: 157.007 Dollars is predicted.
Resistance Price where Marathon Petroleum Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-05-2024 | 181.617 |
| 09-13-2024 | 185.395 |
| 03-07-2025 | 203.447 |
Support Price where Marathon Petroleum Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 173.394 |
| 11-07-2024 | 157.007 |
| 03-17-2025 | 202.789 |
The commentary on MPC stock: The target price can generally be said to be on the rise.
The commentary on MPC stock: Fluctuations in the target price can be expected in the coming days.
The target price for Marathon Petroleum Corporation stock by the end of 2024 is predicted to be 180.334 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on MPC stock, and the 2024 target price predictions for Marathon Petroleum Corporation are detailed above.
The technical analysis and charts for the commentary on MPC stock are below.
MPC Support & Resistance and Trend Analysis
MPC stock you have reviewed the technical analysis support resistance charts regarding.
MPC : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the MPC review, the Marathon Petroleum Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Marathon Petroleum Corporation Support and Resistance Prices:
| MPC Support Level Price | MPC Resistance Level Price |
|---|---|
| 140.98 | 152.81 |
| 141.42 | 153.77 |
| 143.88 | 160.83 |
| 146.87 | 162.31 |
| 148.46 | 171.42 |
| 148.89 | 173.33 |
| 158.50 | 175.29 |
| 163.62 | 180.23 |
| 169.14 | 180.64 |
| 171.00 | 196.98 |
| 176.87 | 201.36 |
| 221.11 |
MPC Technical Analysis: SMA, RSI, MACD
Upon reviewing the MPC chart, buy and sell signals have been generated in the Marathon Petroleum Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for MPC stock are as follows:- MPC technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Marathon Petroleum Corporation gave a 'Buy' signal when the RSI was at 25.983, with the current RSI value at 52.098.
- The technical analysis for MPC indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Marathon Petroleum Corporation issued a 'Buy' signal when the MACD was at -5.161, with the current MACD value being: -3.804
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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