MPC Price Prediction Next Week
Based on the provided data and technical indicators, here's the analysis for MPC's price movement for the next trading week:
Technical Analysis
- Current Fibonacci levels indicate key support at 143.19 and resistance at 154.51
- RSI at 58.27 suggests neutral momentum with room for upside
- MACD at 1.98 shows positive momentum
- 20-day SMA at 144.47 and 200-day SMA at 164.86 suggest bearish medium-term trend
News Sentiment Analysis
- Recent news shows MPC stock outperformed competitors with a 4.54% gain to $154.31 on January 23rd
- The energy sector is experiencing significant changes with Venture Global's IPO impacting market sentiment
- Market analysts maintain a "Moderate Buy" consensus with 12 "Strong Buy" ratings and 6 "Hold" ratings
Price Prediction for Next Week Based on technical and fundamental factors:
- Support levels: 143.19 (Fibonacci S1), 139.70 (Fibonacci S2)
- Resistance levels: 154.51 (Fibonacci R1), 158.00 (Fibonacci R2)
Expected price range: 143.00-155.00
Trading Recommendation: SELL MPC with the following levels:
- Entry: Current market price (~154.31)
- Stop Loss: 158.00 (Above Fibonacci R2)
- Take Profit: 143.20 (Near Fibonacci S1)
Rationale:
- Price is near strong resistance level
- Technical indicators suggest potential pullback
- Energy sector facing uncertainties with new market entrants
- Historical price patterns indicate resistance around current levels
The stock is likely to test lower support levels in the coming week due to profit-taking after recent gains and broader market uncertainties.
MPC Similar Chart Price Prediction
The price of MPC is predicted to go up -10.1%, based on the high correlation periods with ATUS. The similarity of these two price pattern on the periods is 96.54%.
MPC
ATUS
Down: -10.1%Similarity: 96.54%
MPC Revenue Forecast
MPC EPS Forecast
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MPC VS S&P500
High-complexity facilities in the midcontinent and Gulf Coast position Marathon to capitalize on a variety of discount crude streams, endowing it with a feedstock cost advantage.
Closure of lower-quality refineries and investment in the remaining refineries as well as renewable diesel leave Marathon in a better competitive position in the long term.
European natural gas prices are likely to remain structurally higher, underpinning higher midcycle Atlantic Basin refining margins, benefiting US refiners like Marathon.
MPC Analyst's Forecast
Justin Jenkins
Raymond James
Strong Buy
Price Target
$190 → $192
Upside
+25.74%
Raymond James raised the firm's price target on Marathon Petroleum to $192 from $190 and keeps a Strong Buy rating on the shares. The firm expects Q4 refining company results to be "ugly," though large-cap refiners should be more resilient, the analyst tells investors in a research note. Cold winter weather has boosted the shorter-term demand picture for middle distillates, while the positive boost from a supportive energy tape and increased sanctions outlook has flowed through to optimism in refining shares, the firm says. Raymond James believes the refining macro will reach an inflection point by mid-year and especially in 2026 and beyond, particularly as more shutdowns will offset the new supply that is expected to hit the market, while demand increases.
Roger Read
Wells Fargo
Buy
Price Target
$186 → $182
Upside
+27.93%
Theresa Chen
Barclays
Buy
Price Target
$168 → $159
Upside
+1.88%