US stocks · Energy · open long, week 21
Marathon Petroleum rebounds 7.3% to just under its all-time high as momentum keeps fading
Our view last week
After 6 straight gains Marathon Petroleum stock gives back 7.4%, and 72% of the week's volume goes to sellers, one week after buyers held 92%. Technical analysis shows the weekly RSI down from 83 to 71 and money flow slowing while staying positive. On the daily chart the price dipped into the 379 area and rebounded 4% from there, back above the 20-day average. For this energy name among US stocks, the trade is still up 61% since entry.
This week's summary
This week's 7.3% gain wipes out nearly all of last week's drop and brings the price back to just under its all-time high, approached without being cleared. Marathon Petroleum stock holds its stride: technical analysis shows the weekly RSI back up at 75, money flow rising again and the ADX climbing for 8 weeks. The one price action warning is a persistent overbought reading, with momentum fading for 3 weeks. Among US stocks with weekly buy signals, the trade is up 72% since entry.
IQS Phase
65
in tension
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#29 / 93
US stocks in progress
Trade P&L %
+72.47%
from signal to date, no stop loss
Marathon Petroleum (MPC) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 29th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorEnergy
Benchmark ETFXLE
Sector regimein positive regime
Performanceweekly +1.26% · monthly -3.50%
MPC belongs to the energy sector (reference ETF XLE). The sector is classified in positive regime according to our weekly reading.
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