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Takip Edin: @UscMarketsMRO Stock Forecast & Marathon Oil Corporation Chart Analysis
This article provides a detailed analysis of MRO-Marathon Oil Corporation stock including a forecast for MRO shares. It features Marathon Oil 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
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MRO Historical Data Review
MRO Current Price Performance Analysis
The Marathon Oil Corporation - MRO stock traded on the American stock market, on 06-05-2024, closed at 27.96$ with a %0.25 increased compared to the previous day.
In the last month, the price of MRO changed by %4.68 increased in value, from 26.71 dollars on 05-06-2024 to 27.96 dollars, increased.
Last year, the price of MRO was 23.18 dollars on 06-06-2023, and changed by %20.62 increased in value, to 27.96 dollars increased within a year.
The price of Marathon Oil Corporation stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
MRO with AI Stock Forecast & Price Target
On the MRO chart Marathon Oil Corporation price was recorded as 27.96 Dollars on 06/05/2024.
The artificial intelligence's forecast on MRO stock is as follows.
The artificial intelligence's prediction error margin for MRO 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 Oil Corporation stock over the next 4 months is: 22.6 Dollars.
The commentary on MRO stock Target Price: Highest: 25.588 Dollars is predicted.
The commentary on MRO stock Target Price: Lowest: 20.335 Dollars is predicted.
Resistance Price where Marathon Oil Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 22.711 |
| 02-20-2025 | 23.982 |
| 04-11-2025 | 24.837 |
Support Price where Marathon Oil Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 20.649 |
| 10-28-2024 | 20.335 |
| 03-12-2025 | 23.401 |
The commentary on MRO stock: The target price can generally be said to be on the rise.
The commentary on MRO stock: Fluctuations in the target price can be expected in the coming days.
The target price for Marathon Oil Corporation stock by the end of 2024 is predicted to be 22.804 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on MRO stock, and the 2024 target price predictions for Marathon Oil Corporation are detailed above.
The technical analysis and charts for the commentary on MRO stock are below.
MRO Support & Resistance and Trend Analysis
MRO stock you have reviewed the technical analysis support resistance charts regarding.
MRO : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the MRO review, the Marathon Oil 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 Oil Corporation Support and Resistance Prices:
| MRO Support Level Price | MRO Resistance Level Price |
|---|---|
| 21.81 | 23.58 |
| 22.06 | 25.30 |
| 22.68 | 26.25 |
| 23.14 | 27.40 |
| 23.45 | 27.98 |
| 24.30 | 30.06 |
| 25.49 | |
| 25.87 |
MRO Technical Analysis: SMA, RSI, MACD
Upon reviewing the MRO chart, buy and sell signals have been generated in the Marathon Oil 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 MRO stock are as follows:- MRO technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Marathon Oil Corporation gave a 'Buy' signal when the RSI was at 29.647, with the current RSI value at 60.826.
- The technical analysis for MRO indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Marathon Oil Corporation issued a 'Buy' signal when the MACD was at -0.146, with the current MACD value being: 0.285
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.
You have read the comments, technical analyses, target prices, and financial reports for Marathon Oil Corporation stock: Click here to read more predictions on Stanley Black & stock.
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