Open long · week 22
Marathon Petroleum gains 7.7% and clears its all-time high as the ADX keeps rising
Our view last week
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.
This week's summary
Marathon Petroleum adds 7.7% and this time the all-time high gives way: the week prints a new record in the 470 area and closes above the old one, which was only approached 7 days ago. Technical analysis of Marathon Petroleum stock shows the ADX climbing for 9 weeks and the weekly RSI at 78. Price action flags one warning, a persistent overbought reading, and money flow, still positive, is easing. Among US stocks with weekly buy signals, the trade is up 85.8% since entry.
IQS Phase
65
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#25 / 92
US stocks in progress
Trade P&L %
+85.83%
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 25th among the 92 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 strong phase
Performanceweekly +3.60% · monthly -0.35%
MPC belongs to the energy sector (reference ETF XLE). The sector is classified in strong phase according to our weekly reading.
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