MPLX Price Prediction Next Week
Based on the provided data and technical analysis, here is the price prediction for MPLX for the next trading week:
Technical Analysis
- Current price: $51.88
- RSI (14) at 68.01 indicates approaching overbought territory but still has room to run
- MACD at 1.08 shows positive momentum
- SMA20 at $49.43 provides strong support level
- Fibonacci levels show:
- Resistance 1: $52.60
- Resistance 2: $53.84
- Support 1: $48.59
- Support 2: $47.35
News & Fundamental Factors
- MPLX has crossed above average analyst 12-month target price of $52.31
- Upcoming earnings report on February 4, 2025 with expected:
- EPS of $1.03 (-6.36% YoY)
- Revenue of $3.06B (+3.01% YoY)
- Strong operational performance with 97% crude capacity utilization
- Positive analyst sentiment with 9 Buy, 3 Hold, 1 Sell ratings
Price Target for Next Week Based on technical indicators and fundamental factors:
- Base case: $52.50-$53.00 (+1.2% to +2.2%)
- Bullish case: $53.84 (+3.8%) if breaks R1
- Bearish case: $50.50-$51.00 (-1.7% to -2.7%) if earnings concerns emerge
Trading Recommendation: BUY
- Entry point: Current price ($51.88)
- Target: $53.00
- Stop loss: $50.50
- Risk/Reward ratio: 1:1.5
The stock shows strong momentum with solid fundamentals and positive analyst sentiment. While approaching overbought levels, the uptrend remains intact with multiple support levels. The upcoming earnings report poses some near-term risk but appears largely priced in.
MPLX Similar Chart Price Prediction
The price of MPLX is predicted to go up 3.77%, based on the high correlation periods with FBRX. The similarity of these two price pattern on the periods is 97.53%.
MPLX
FBRX
Up: 3.77%Similarity: 97.53%
MPLX Revenue Forecast
MPLX EPS Forecast
MPLX FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
MPLX VS S&P500
Many of MPLX's pipelines are essentially built solely to serve Marathon Petroleum assets, locking in fees.
About 60%-65% of Appalachian NGLs are transported by market by rail, which is very high. MPLX has an opportunity to make investments in pipelines to capture substantial tariffs.
The partnership has substantial exposure to substantially greater Appalachian volumes in the coming years.
MPLX Analyst's Forecast
Theresa Chen
Barclays
Buy
Price Target
$49 → $52
Upside
+6.64%
Barclays raised the firm's price target on MPLX to $52 from $49 and keeps an Overweight rating on the shares. The firm sees stable midstream earnings but says the company's refining remains challenged.
Michael Blum
Wells Fargo
Buy
Price Target
$53 → $54
Upside
+16.35%
Neal Dingmann
Truist Securities
Strong Buy
Price Target
$48 → $55
Upside
+15.38%