Marathon Petroleum's rally slows near record highs
Marathon Petroleum slips 1.1% and stalls just below its all-time highs
Marathon Petroleum's rally slows near record highs
Our view last week
Marathon Petroleum shares are accelerating again: up 10.2% this week and back within reach of their all-time highs, with a weekly structure that's firmly bullish — RSI at 74.5 and the ADX climbing, the trend gaining conviction. Same story as last week, though: volume keeps contracting, a caution flag in this swing trading setup for anyone tempted to chase the rally. The buy signal has been open for 10 weeks and is up 27.66% since entry.
This week's summary
Marathon Petroleum's rally is losing steam: sellers ruled the last session and buyer dominance is collapsing, even as the stock still sits within reach of its all-time highs after a week that gave back 1.1%. For anyone tracking Marathon Petroleum stock, our weekly technical analysis shows a mature buy setup, in its 11th week and already up 26.29% since entry, with the stop moved up to protect most of the gain.
IQS Phase
68
in tension
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#49 / 124
US stocks in progress
Trade P&L %
+26.29%
from signal to today
Rank position
ranks 49th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorEnergy
Benchmark ETFXLE
Sector regimein positive regime
Performanceweekly +3.36% · monthly +11.29%
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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