MPC Rally Stretched Thin Near $362.52
The stock of Marathon Petroleum Corp (MPC) climbed 0.50% to close at $362.52 on August 24.
Chart analysis reveals a mixed configuration:
Momentum
RSI at 72.3 is elevated in overbought zone, which often precedes pullbacks. MACD is bullish (18.41 vs signal 16.59).
Moving Averages
Moving averages are stacked bullishly—9-day EMA ($353.75) supports, 21-day ($336.47) below.
Volatility
Bollinger Band width at 30.5% indicates normal volatility.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
The $281.56-$382.70 range defines near-term boundaries.
