MRO climbs to highest close since July 30, 2015

Marathon Oil Corporation (MRO) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team


MRO pushes through previous session high
MRO rises to highest close since July 30, 2015


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 Candlestick Chart (MRO as at May 17, 2018):

Daily technical analysis candlestick chart for Marathon Oil Corporation (MRO) as at May 17, 2018

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.

Market Conditions for MRO as at May 17, 2018

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