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(MRO) Marathon Oil complete technical analysis [charts+indicators] | Buy/Sell Marathon Oil | (MRO) share price targets

Complete technical analysis of Marathon Oil (MRO) by charts plus indicators, forecast predictions and share price targets for Marathon Oil (MRO)

Marathon Oil trades in USA in Energy sector.

10 day averaged volume of Marathon Oil is 7196877

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 26.13 26.45 26.62 26.13 0.705 times
15 Wed May 2024 26.44 26.44 26.60 25.92 0.71 times
14 Tue May 2024 26.57 26.56 26.67 26.30 0.87 times
13 Mon May 2024 26.56 26.73 26.90 26.40 0.902 times
10 Fri May 2024 26.59 27.30 27.40 26.56 0.954 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 26.4, but if it comes above 26.4, then a intra day buy could be more profitable.
If you take a sell trade below 26.4, then use 26.4 as stoploss and 25.6 as target. However if you take a buy trade in stock , then use 26.4 as stoploss and 26.98 as target.

Share price targets for Marathon Oil (MRO)

Target Type Value
Downside Target 21.81
Downside Target 24.10
Downside Target 24.61
Downside Target 25.16
Downside Target 25.87
Upside Target 26.51
Upside Target 27.40
Upside Target 27.94
Upside Target 27.95
Upside Target 28.39
Upside Target 29.33
Upside Target 30.06

Intraday share price targets for Marathon Oil (MRO)

Target Type Value
Downside Intraday Target 25.73
Downside Intraday Target 25.34
Upside Intraday Target 26.71
Upside Intraday Target 27.3
Upside Intraday Target 26.32

Weekly technical analysis of Marathon Oil (MRO)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 26.13 26.73 26.90 25.92 0.574 times
10 Fri May 2024 26.59 26.57 27.40 26.51 0.74 times
03 Fri May 2024 26.34 27.67 27.95 25.87 1.573 times
26 Fri Apr 2024 27.77 27.29 27.94 26.95 0.687 times
19 Fri Apr 2024 27.50 29.12 29.33 27.24 1.145 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Marathon Oil (MRO)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 26.13 26.74 27.40 25.87 0.506 times
30 Tue Apr 2024 26.85 28.46 30.06 26.79 0.969 times
28 Thu Mar 2024 28.34 24.40 28.39 24.10 0.982 times
29 Thu Feb 2024 24.25 22.99 24.61 22.06 1.045 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Marathon Oil (MRO)

Indicator Name Indicator Value Indicator Signal
ADX 12, 27, 39 Sell
MACD -0, -0Sell
Stochastics 32None
CCI -95Sell
RSI 43Sell
OBV 2926631Sell
VWAP 27Sell
ADL 0Sell
ROC 0Buy
Force Index 0Sell

Price action analysis of Marathon Oil ( (MRO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Marathon Oil ( (MRO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Marathon Oil ( (MRO) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Marathon Oil ( (MRO) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Marathon Oil stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Marathon Oil in short term and the sell signal is strong.

Marathon Oil Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Marathon Oil in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Marathon Oil is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 26.68 and Marathon Oil (MRO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Marathon Oil (MRO) stock. Volume based technical analysis of Marathon Oil (MRO) stock is negative.

Marathon Oil Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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