Marathon Oil $MRO is Weak on a Near Term Basis, Shown in Charts and Graphs

Marathon Oil (NYSE: MRO) is Weak on a Near Term Basis, Shown in Charts and Graphs below.  Important: Check the Date and update this report as needed because the data changes over time.

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Technical Summary

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 19.63 20.06 16.85
P2 20.65 22.28 20.20
P3 21.19 24.42 23.55

Long Term Trading Plans for MRO

June 21, 2018, 3:18 pm ET

The technical Summary and associated Trading Plans for MRO listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for MRO. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.

MRO - (Long) Support Plan

Buy over 20.20 target 23.55 stop loss @ 19.94.
The technical summary data tells us to buy MRO near 20.20 with an upside target of 23.55. This data also tells us to set a stop loss @ 19.94 to protect against excessive loss in case the stock begins to move against the trade. 20.20 is the first level of support below 20.27 , and by rule, any test of support is a buy signal. In this case, support 20.20 is being tested, a buy signal would exist.

MRO - (Short) Resistance Plan

Short under 23.55 target 20.20 stop loss @ 23.81
The technical summary data is suggesting a short of MRO as it gets near 23.55 with a downside target of 20.20. We should have a stop loss in place at 23.81 though. 23.55 is the first level of resistance above 20.27, and by rule, any test of resistance is a short signal. In this case, if resistance 23.55 is being tested, a short signal would exist.

MRO Long Term Analysis

MRO EPS Analysis

MRO Revenue chart

MRO Growth rate - Quarterly

MRO Growth rate - Yearly

MRO PE chart

MRO PEG chart