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(MRO) Marathon Oil complete technical analysis [charts+indicators] | Buy/Sell Marathon Oil | (MRO) share price targets

Complete technical analysis of Marathon Oil (MRO) by charts plus indicators, forecast predictions and share price targets for Marathon Oil (MRO)

Marathon Oil trades in USA in Energy sector.

Showing technical analysis as on 2024-08-19 View latest technical analysis

10 day averaged volume of Marathon Oil is 5548800

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	28.38	28.25	28.57	28.17	0.661 times
16 Fri Aug 2024	28.16	27.88	28.23	27.84	0.636 times
15 Thu Aug 2024	28.16	27.80	28.20	27.77	0.914 times
14 Wed Aug 2024	27.65	27.47	27.81	27.41	1.128 times
13 Tue Aug 2024	27.42	27.54	27.57	27.30	0.891 times
12 Mon Aug 2024	27.86	27.45	27.91	27.39	1.081 times
09 Fri Aug 2024	27.30	27.23	27.44	26.96	1.192 times
08 Thu Aug 2024	27.27	27.19	27.38	26.88	0.884 times
07 Wed Aug 2024	26.86	27.02	27.29	26.84	1.078 times
06 Tue Aug 2024	26.60	26.33	26.79	26.23	0.939 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 28.1, but if it comes below 28.1, then a intra day sell could be more profitable.
If you take a sell trade below 28.1, then use 28.1 as stoploss and 27.54 as target. However if you take a buy trade in stock , then use 28.1 as stoploss and 28.7 as target.

Share price targets for Marathon Oil (MRO)

Target Type	Value
Downside Target	25.49
Downside Target	26.79
Downside Target	28.23
Downside Target	28.33
Upside Target	28.57
Upside Target	28.69
Upside Target	29.02
Upside Target	29.35
Upside Target	29.74
Upside Target	30.06

Intraday share price targets for Marathon Oil (MRO)

Target Type	Value
Downside Intraday Target	28.18
Downside Intraday Target	27.97
Upside Intraday Target	28.58
Upside Intraday Target	28.77
Downside Intraday Target	28.37

Weekly technical analysis of Marathon Oil (MRO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	28.38	28.25	28.57	28.17	0.142 times
16 Fri Aug 2024	28.16	27.45	28.23	27.30	0.869 times
09 Fri Aug 2024	27.30	26.00	27.44	25.74	0.976 times
02 Fri Aug 2024	26.65	27.96	28.33	26.22	1.376 times
26 Fri Jul 2024	27.87	28.69	28.69	27.63	0.864 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Marathon Oil (MRO)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	28.38	28.22	28.57	25.74	0.595 times
31 Wed Jul 2024	28.05	28.85	29.74	27.24	0.777 times
28 Fri Jun 2024	28.67	29.00	29.02	27.06	0.617 times
31 Fri May 2024	28.96	26.74	29.35	25.49	1.317 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Marathon Oil (MRO)

Price action analysis of Marathon Oil ( (MRO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Marathon Oil ( (MRO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Marathon Oil ( (MRO) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Marathon Oil stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Marathon Oil in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Marathon Oil Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Marathon Oil in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Marathon Oil is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 27.51 and Marathon Oil (MRO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Marathon Oil (MRO) stock. Volume based technical analysis of Marathon Oil (MRO) stock is negative.

Marathon Oil Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.