MARATHON OIL CORP. - Daily - Technical analysis published on 02/13/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
MARATHON OIL CORP. Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
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
0
10
8.9
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This analysis was given by DipFarda.
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.:
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
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
S3
S2
S1
R1
R2
R3
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 :
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15 min delayed data
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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:
- Marathon Oil Provides ESG Update
- Marathon Oil Corporation Declares Fourth Quarter 2021 Dividend
- Thinking about buying stock in Brickell Biotech, Zynga, 22nd Century Group, Nikola Corp, or Marathon Oil?
- Marathon Oil Schedules Fourth Quarter and Full-Year 2021 Earnings Release and Conference Call
- Marathon Oil Reports Third Quarter 2021 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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