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Trading Marathon Oil MRO With Integrated Risk Controls

Longer Term Trading Plans for MRO
  • Buy MRO slightly over 24.43 target 29.00 stop loss @ 24.36 Details
  • The technical summary data tells us to buy MRO near 24.43 with an upside target of 29.00. This data also tells us to set a stop loss @ 24.36 to protect against excessive loss in case the stock begins to move against the trade. 24.43 is the first level of support below 27 , and by rule, any test of support is a buy signal. In this case, support 24.43 would be being tested, so a buy signal would exist.

  • Short MRO slightly under 29.00, target 24.43, stop loss @ 29.08 Details
  • The technical summary data is suggesting a short of MRO as it gets near 29.00 with a downside target of 24.43. We should have a stop loss in place at 29.08though. 29.00 is the first level of resistance above 27, and by rule, any test of resistance is a short signal. In this case, if resistance 29.00 is being tested, so a short signal would exist.

Swing Trading Plans for MRO
  • Buy MRO slightly over 29.00, target 33.81, Stop Loss @ 28.92 Details
  • If 29.00 begins to break higher, the technical summary data tells us to buy MRO just slightly over 29.00, with an upside target of 33.81. The data also tells us to set a stop loss @ 28.92 in case the stock turns against the trade. 29.00 is the first level of resistance above 27, and by rule, any break above resistance is a buy signal. In this case, 29.00, 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 29.00, target 26.86, Stop Loss @ 29.08. Details
  • The technical summary data is suggesting a short of MRO if it tests 29.00 with a downside target of 26.86. We should have a stop loss in place at 29.08 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, 29.00, 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 27.62, target 29.00, Stop Loss @ 27.56 Details
  • If 27.62 begins to break higher, the technical summary data tells us to buy MRO just slightly over 27.62, with an upside target of 29.00. The data also tells us to set a stop loss @ 27.56 in case the stock turns against the trade. 27.62 is the first level of resistance above 27, and by rule, any break above resistance is a buy signal. In this case, 27.62, 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 27.62, target 26.95, Stop Loss @ 27.68. Details
  • The technical summary data is suggesting a short of MRO if it tests 27.62 with a downside target of 26.95. We should have a stop loss in place at 27.68 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, 27.62, 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.

Real Time Updates are available on our Marathon Oil (MRO) Page here: MRO.

MRO Ratings for January 11:

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 24.43
P2 26.95 25.47 29.00
P3 27.62 26.86 33.81
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Support and Resistance Plot Chart for MRO

MRO Long Term Analysis for January 11 2023

Blue = Current Price
Red= Resistance
Green = Support

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Marathon Oil (NYSE: MRO) report below can help you, but we have more details too. The trading plans for MRO, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.