When the Price of Marathon Oil MRO Talks, People Listen
December 03, 2022, 19:15 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MRO
- Buy MRO slightly over 29.00 target 33.81 stop loss @ 28.92 Details
The technical summary data tells us to buy MRO near 29.00 with an upside target of 33.81. This data also tells us to set a stop loss @ 28.92 to protect against excessive loss in case the stock begins to move against the trade. 29.00 is the first level of support below 29.74 , and by rule, any test of support is a buy signal. In this case, support 29.00 is being tested, a buy signal would exist.
- Short MRO slightly under 33.81, target 29.00, stop loss @ 33.91 Details
The technical summary data is suggesting a short of MRO as it gets near 33.81 with a downside target of 29.00. We should have a stop loss in place at 33.91though. 33.81 is the first level of resistance above 29.74, and by rule, any test of resistance is a short signal. In this case, if resistance 33.81 is being tested, a short signal would exist.
Swing Trading Plans for MRO
- Buy MRO slightly over 30.63, target 33.81, Stop Loss @ 30.54 Details
If 30.63 begins to break higher, the technical summary data tells us to buy MRO just slightly over 30.63, with an upside target of 33.81. The data also tells us to set a stop loss @ 30.54 in case the stock turns against the trade. 30.63 is the first level of resistance above 29.74, and by rule, any break above resistance is a buy signal. In this case, 30.63, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MRO slightly near 30.63, target 29.02, Stop Loss @ 30.72. Details
The technical summary data is suggesting a short of MRO if it tests 30.63 with a downside target of 29.02. We should have a stop loss in place at 30.72 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 30.63, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MRO
- Buy MRO slightly over 29.88, target 30.71, Stop Loss @ 29.81 Details
If 29.88 begins to break higher, the technical summary data tells us to buy MRO just slightly over 29.88, with an upside target of 30.71. The data also tells us to set a stop loss @ 29.81 in case the stock turns against the trade. 29.88 is the first level of resistance above 29.74, and by rule, any break above resistance is a buy signal. In this case, 29.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MRO slightly near 29.88, target 29.02, Stop Loss @ 29.95. Details
The technical summary data is suggesting a short of MRO if it tests 29.88 with a downside target of 29.02. We should have a stop loss in place at 29.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 29.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Marathon Oil (MRO) available here: MRO.
MRO Ratings for December 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
24.43 |
| P2 |
29.88 |
29.02 |
29.00 |
| P3 |
30.71 |
30.63 |
33.81 |
AI Generated Signals for MRO
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Marathon Oil (NYSE: MRO) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MRO can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MRO:
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