MRO climbs to highest close since July 30, 2015

Technical Analysis Report for MRO - May 17, 2018 [< 1 min read]
MRO pushes through previous session high
MRO rises to highest close since July 30, 2015
TQ Sentiment
Technical Forecast:

MRO finished Thursday at 21.65 gaining $0.47 (2.22%). Today's closing price of 21.65 marks the highest close since July 30, 2015. Closing above Wednesday's high at 21.32, the stock confirms its breakout through the prior session's high having traded $0.45 above it intraday.

Daily chart for MRO

Thursday's trading range was $0.49 (2.3%), that's slightly below last trading month's daily average range of $0.57. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above average.


The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.


While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

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MRO closes within previous day's range

May 23, 2018
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Find out what happened when Marathon Oil Corp. traded like this in the past. See the odds for each technical pattern with expected gain and loss.


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