MRO climbs to highest close since July 30, 2015


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

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
Volatility

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.

Trend

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

Conclusion

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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Latest Report:

MRO closes within previous day's range

May 23, 2018
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