MPLX LP (MPLX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MPLX - US55336V1008
Overall MPLX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MPLX is showing a nice and steady performance.
Besides having an excellent technical rating, MPLX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
46.21
We found 3 important support areas.
- Strong support @50.32 from a horizontal line in the daily time frame.
- A support zone ranging from 47.79 to 48.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.47 to 55.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MPLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MPLX is up. |
| ChartMill Relative Strength | 76.55 | POSITIVE | MPLX has a high relative strength, it outperformed 76.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MPLX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MPLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MPLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.1 | NEUTRAL | The RSI value for MPLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests MPLX has a negative trend. |
| Stochastics (14,3) | 35.62 | NEUTRAL | The Stochastics value for MPLX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for MPLX suggests low volalility. |
| Average Directional Index/ADX (14) | 25.7 | POSITIVE | The high ADX value value for MPLX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 55.05 | 53.96 | 1.09 (1.97%) | 25.00% |
| An entry @55.05. This is a Buy Stop order right above the 10 day moving average. | An exit @53.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.09 points, which is 1.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- The distance between exit and entry is rather small compared to the average daily movement of MPLX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
54.47
+0.48 (+0.89%)
MPLX LP / MPLX FAQ
Can you provide the ChartMill technical rating for MPLX LP?
ChartMill assigns a technical rating of 9 / 10 to MPLX.
What is the trend direction for MPLX stock?
The current trend direction for MPLX LP (MPLX) is Bullish.
Can you provide the RSI signal for MPLX LP?
MPLX LP (MPLX) has an RSI value of 55.0991. This indicates that the stock is currently neutral.
What is the MACD signal for MPLX LP (MPLX) stock?
The MACD indicator for MPLX LP (MPLX) has a value of -0.20056, indicating a bearish trend.
Can you provide the buy/sell signal for MPLX LP?
The buy/sell signal for MPLX LP (MPLX) is buy as both the short term and long term trends are positive.