Trading (MPC) With Integrated Risk Controls

March 24, 2024, 07:56 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MPC

• Buy MPC slightly over 187.59 target n/a stop loss @ 187.05. Details

The technical summary data tells us to buy MPC near 187.59, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 187.05 to protect against excessive loss in case the stock begins to move against the trade. 187.59 is the first level of support below 200.17, and by rule, any test of support is a buy signal. In this case, if support 187.59 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for MPC

• Buy MPC slightly over 204.18, target n/a, Stop Loss @ 203.59 Details

If 204.18 begins to break higher, the technical summary data tells us to buy MPC just slightly over 204.18, with an upside target of n/a. The data also tells us to set a stop loss @ 203.59 in case the stock turns against the trade. 204.18 is the first level of resistance above 200.17, and by rule, any break above resistance is a buy signal. In this case, 204.18, 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 MPC slightly near 204.18, target 199.7, Stop Loss @ 204.77. Details

The technical summary data is suggesting a short of MPC if it tests 204.18 with a downside target of 199.7. We should have a stop loss in place at 204.77 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, 204.18, 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 MPC

• Buy MPC slightly over 200.96, target 204.18, Stop Loss @ 200.49 Details

If 200.96 begins to break higher, the technical summary data tells us to buy MPC just slightly over 200.96, with an upside target of 204.18. The data also tells us to set a stop loss @ 200.49 in case the stock turns against the trade. 200.96 is the first level of resistance above 200.17, and by rule, any break above resistance is a buy signal. In this case, 200.96, 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 MPC slightly near 200.96, target 199.7, Stop Loss @ 201.43. Details

The technical summary data is suggesting a short of MPC if it tests 200.96 with a downside target of 199.7. We should have a stop loss in place at 201.43 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, 200.96, 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 Petroleum Corporation (MPC) available here: MPC.

MPC Ratings for March 24:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	158.17
P2	199.6	199.7	172.5
P3	200.96	204.18	187.59

AI Generated Signals for MPC

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

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 Petroleum Corporation (NYSE: MPC) report below can help you, but we have more details too. The trading plans for MPC, 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.