MARATHON OIL CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MRO
ISIN:

MARATHON OIL CORP. - Daily - Technical analysis published on 02/13/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 21.23 USD

My targets

23.99 USD (+8.01%)

25.41 USD (+14.42%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MARATHON OIL CORP. as long as the price remains well above 21.23 USD. The buyers' bullish objective is set at 23.99 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.41 USD. If there is any crossing, the next objective would be the resistance located at 41.69 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by DipFarda. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The MARATHON OIL CORP. price is 22.21 USD. The price registered an increase of +3.74% on the session and was traded between 21.36 USD and 22.28 USD over the period. The price is currently at +3.98% from its lowest and -0.31% from its highest.

21.36

22.28

22.21

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by MARATHON OIL CORP.:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of MARATHON OIL CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.26	19.92	21.95	22.21	23.99	41.69	54.27
Change (%)	-22.29%	-10.31%	-1.17%	-	+8.01%	+87.71%	+144.35%
Change	-4.95	-2.29	-0.26	-	+1.78	+19.48	+32.06
Level	Intermediate	Major	Intermediate	-	Intermediate	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.70	21.03	21.62	21.95	22.54	22.87	23.46
Camarilla	21.96	22.04	22.13	22.21	22.29	22.38	22.46
Woodie	20.83	21.10	21.75	22.02	22.67	22.94	23.59
Fibonacci	21.03	21.38	21.60	21.95	22.30	22.52	22.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.73	20.26	21.23	21.76	22.73	23.26	24.23
Camarilla	21.80	21.94	22.07	22.21	22.35	22.49	22.62
Woodie	19.96	20.37	21.46	21.87	22.96	23.37	24.46
Fibonacci	20.26	20.83	21.18	21.76	22.33	22.68	23.26

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.87	14.64	17.05	18.82	21.23	23.00	25.41
Camarilla	18.32	18.70	19.09	19.47	19.85	20.24	20.62
Woodie	13.20	14.80	17.38	18.98	21.56	23.16	25.74
Fibonacci	14.64	16.23	17.22	18.82	20.41	21.40	23.00

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	72.48
MACD (12,26,9):	1.1000
Directional Movement:	19.73
AROON (14):	100.00
DEMA (21):	21.69
Parabolic SAR (0,02-0,02-0,2):	20.24
Elder Ray (13):	0.97
Super Trend (3,10):	19.19
Zig ZAG (10):	22.21
VORTEX (21):	1.1300
Stochastique (14,3,5):	92.16
TEMA (21):	22.05
Williams %R (14):	-1.58
Chande Momentum Oscillator (20):	2.60
Repulse (5,40,3):	4.7400
ROCnROLL:	1
TRIX (15,9):	0.8000
Courbe Coppock:	26.74

MA7:	21.46
MA20:	20.16
MA50:	17.95
MA100:	16.84
MAexp7:	21.41
MAexp20:	20.27
MAexp50:	18.61
MAexp100:	17.00
Price / MA7:	+3.49%
Price / MA20:	+10.17%
Price / MA50:	+23.73%
Price / MA100:	+31.89%
Price / MAexp7:	+3.74%
Price / MAexp20:	+9.57%
Price / MAexp50:	+19.34%
Price / MAexp100:	+30.65%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on MARATHON OIL CORP.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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