MRO NYSE |
Marathon Oil Corporation • Oil/Gas E&P |
Thu 21 Nov, 11:35 am ET | |
Breakout tradeWATCH for possible breakout above 29.25
Target: 30.83, 5.6% Stop: 28.72 Loss: 1.6%
P/L ratio: 3.5 : 1 - Excellent
Default chart
Quote 29.2 +0.28,+1% L 28.99 O 29.11 H 29.37 Volume 1.08mil -55.2% typical 52 Wk 22.1 to 29.7 Earnings recent Nov 06 aMkt Link PEG 12.5 P/E 12.5 Short 1.50%Div 1.53% EPS 2.32Mkt Cap 16.18B |
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Top ˄Thu 21 Nov, 11:35 am ET
8 Month Detailed Chart
100%
Scale +/-0(min) to 10(max)
QUOTE
29.2, +0.28 pts (+1%), Thu 21 Nov, 11:35 am ET
up from yesterday's close.
Today's
L 28.99 O 29.11 H 29.37Typical price range:
28.57 to
29.27 ± 0.35 pts, ± 1.2%
Extreme price range (85% of time)
28.22 to
29.62 ± 0.701 pts, ± 2.4%
VOLUME
1.08mil shares, -55.2% compared to typical volume of 2.42mil by 11:35 am ET.
Typical daily volume is 6.32mil shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 2.07 pts (7.1%) occurs 25% of the time.
Extreme: 2.69 pts (9.2%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BULLISH
[Timing] Strong bullish 3 day candlestick pattern.
[Timing] breakout watch above 29.25, no resistance in area just above.
BEARISH
[Positioning] Short term typical rally, rally may start to slow.
[Positioning] Overbought, odds favor short trades.
[Positioning] Strong Up trend (1 month), not sustainable, occurs only 15% of the time, expect trend to turn sideways or lower.
[Positioning] Intermediate trend possibly bearish, Sideways trend near upper resistance.
[Positioning] at resistance
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
up (+0.28 pts, +1%) from yesterday's close.
SHORT TERM DIRECTION
typical rally, rally may start to slow.
OVERBOUGHT/SOLD
Overbought, odds favor short trades.
1 MONTH TREND
Strong Up trend, not sustainable, occurs only 15% of the time, expect trend to turn sideways or lower.
INTERMEDIATE TREND** Past 4 months
possibly bearish, Sideways trend near upper resistance.
SUPPORT/RESISTANCE
29.2, at resistance,
28.9 ± 0.347
type triple+,
strength 10
Support Below : -4% at
28.04 ± 0.336
type triple+,
strength 10
Resistance Above : None.
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Strong bullish 3 day candlestick pattern.
Not significant 3 day accumulation
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Not significant Neutral 1 day moneyflow by 11:35 am ET,
BREAKOUT
WATCH for possible breakout above 29.25, no resistance in area just above.
Type: True breakout from triple+ resistance.
Target:
30.83, 5.6% Stop: 28.72
Loss: 1.6%
P/L ratio: 3.5 : 1 - Excellent
BREAKDOWN
None.
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
29.2, at resistance,
28.9 ± 0.347
type triple+,
strength 10
SUPPORT BELOW
-4% at 28.04 ± 0.336 type triple+,
strength 10
-5.6% at 27.55 ± 0.331 type triple,
strength 10
-9% at 26.56 ± 0.319 type triple,
strength 7
...
RESISTANCE ABOVE
None.
0%
Trade Quality
Long
TARGET 1
Price:
29.68 Profit:
1.6% (Typical rally)
Stop/Trailing Stop: 28.72 Loss: 1.6%
POTENTIAL
Excellent, there are 1 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 1 RESISTANCE
Current price at resistance:
28.9 ± 0.347
type triple+,
strength 10
+1.6% at 29.68 is Target 1
TARGET 2
Price:
30.3 Profit:
3.8% P/L Ratio: 2.4 : 1 - Fair
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
WATCH for possible breakout above 29.25, no resistance in area just above.
Type: True breakout from triple+ resistance.
Target:
30.83, 5.6% Stop: 28.72
Loss: 1.6%
P/L ratio: 3.5 : 1 - Excellent
40%
Trade Quality
Short
TARGET 1
Price:
26.79 Profit:
8.3% (Typical pullback)
Cover/Trailing Cover: 29.64 Loss: 1.5%
P/L Ratio: 5.5 : 1 - Excellent
POTENTIAL
Poor, there are 2 support areas on the way to Target 1.
The potential to reach targets may be lower with strong support areas.
TARGET 1 SUPPORT
-4% at
28.04 ± 0.336
type triple+,
strength 10
-5.6% at
27.55 ± 0.331
type triple,
strength 10
-8.3% at 26.79 is Target 1
TARGET 2
Price:
26.15 Profit:
10.4% P/L Ratio: 6.9 : 1 - Excellent
(Extreme pullback)
Breakdown trade indicators.