(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 2024-01-08 View latest technical analysis
10 day averaged volume of Marathon Oil is 8542110
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Mon Jan 2024 | 23.74 | 23.77 | 23.91 | 23.38 | 1.241 times |
| 05 Fri Jan 2024 | 24.39 | 24.42 | 24.51 | 24.11 | 1.393 times |
| 04 Thu Jan 2024 | 24.18 | 25.12 | 25.16 | 24.14 | 1.072 times |
| 03 Wed Jan 2024 | 24.93 | 24.40 | 25.03 | 24.20 | 1.158 times |
| 02 Tue Jan 2024 | 24.42 | 24.36 | 24.78 | 24.30 | 1.037 times |
| 29 Fri Dec 2023 | 24.16 | 24.46 | 24.53 | 24.07 | 1.009 times |
| 29 Fri Dec 2023 | 24.16 | 24.46 | 24.53 | 24.07 | 1.009 times |
| 28 Thu Dec 2023 | 24.38 | 24.69 | 24.76 | 24.37 | 0.938 times |
| 27 Wed Dec 2023 | 24.85 | 25.05 | 25.15 | 24.79 | 0.77 times |
| 26 Tue Dec 2023 | 25.15 | 24.91 | 25.30 | 24.85 | 0.962 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24, but if it comes above 24, then a intra day buy could be more profitable.
If you take a sell trade below 24, then use 24 as stoploss and 23.5 as target. However if you take a buy trade in stock , then use 24 as stoploss and 24.38 as target.
Share price targets for Marathon Oil (MRO)
| Target Type | Value |
| Downside Target | 23.14 |
| Upside Target | 23.91 |
| Upside Target | 25.14 |
| Upside Target | 25.16 |
| Upside Target | 25.30 |
| Upside Target | 25.73 |
| Upside Target | 25.93 |
| Upside Target | 27.68 |
| Upside Target | 28.13 |
| Upside Target | 29.56 |
Intraday share price targets for Marathon Oil (MRO)
| Target Type | Value |
| Downside Intraday Target | 23.44 |
| Downside Intraday Target | 23.15 |
| Upside Intraday Target | 23.97 |
| Upside Intraday Target | 24.21 |
| Downside Intraday Target | 23.68 |
Weekly technical analysis of Marathon Oil (MRO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Mon Jan 2024 | 23.74 | 23.77 | 23.91 | 23.38 | 0.266 times |
| 05 Fri Jan 2024 | 24.39 | 24.36 | 25.16 | 24.11 | 4.619 times |
| 29 Fri Dec 2023 | 24.16 | 24.46 | 24.53 | 24.07 | 0.274 times |
| 29 Fri Dec 2023 | 24.16 | 24.91 | 25.30 | 24.07 | 0.655 times |
| 22 Fri Dec 2023 | 24.64 | 25.00 | 25.14 | 24.39 | 0.707 times |
Price has moved down 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 |
| 08 Mon Jan 2024 | 23.74 | 24.36 | 25.16 | 23.38 | 0.244 times |
| 29 Fri Dec 2023 | 24.16 | 25.35 | 25.93 | 23.14 | 1.012 times |
| 30 Thu Nov 2023 | 25.43 | 27.45 | 28.13 | 24.30 | 0.879 times |
| 31 Tue Oct 2023 | 27.31 | 26.79 | 29.56 | 24.00 | 0.943 times |
Scroll below to view daily charts
Price has moved down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Marathon Oil ( (MRO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Marathon Oil ( (MRO) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Marathon Oil ( (MRO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Marathon Oil stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Marathon Oil in short term and the sell signal is strong.
Marathon Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Marathon Oil in short term and SELL 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 24.41 and Marathon Oil (MRO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Marathon Oil ( (MRO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Marathon Oil ( (MRO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Marathon Oil ( (MRO) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Marathon Oil ( (MRO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Marathon Oil stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Marathon Oil in short term and the sell signal is strong.
Marathon Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Marathon Oil in short term and SELL 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 24.41 and Marathon Oil (MRO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.