In recent trading days, Marathon Oil Corporation (MRO), a multinational energy corporation, has seen a notable uptrend, rising for three consecutive days as of June 16, 2023. This bullish sign is an indicator of possible future growth, as MRO's past performance shows a strong correlation between three-day advances and further growth in the subsequent month.
The positive momentum carried by MRO in the energy sector is a testament to its strong fundamentals. An 11.13% increase has been registered, providing swing traders with an attractive proposition to diversify their investment portfolio. In the context of the broader consumer, energy, and financial sectors, this uptrend implies a robust performance.
This momentum is not a new occurrence for MRO. Historical data suggests a correlation between three-day uptrends and further price increases within the following month. Specifically, out of 296 cases where MRO advanced for three days, the price rose further in 223 instances. This provides a high success rate of approximately 75%, suggesting a likely continuation of the upward trend.
This performance illustrates the potential for a diversified portfolio in the consumer, energy, and financial sectors. Swing traders stand to benefit significantly from these trends by recognizing and capitalizing on the short-term price movements of stocks like MRO. This strategy, which aims to capture gains over a period of a few days to several weeks, relies heavily on recognizing the potential in growth patterns like the one exhibited by MRO.
Therefore, it seems that traders who are agile and attentive to these trends can leverage the current momentum and make profitable decisions. The consistent uptrend in MRO shares further underscores the potential for positive returns in the energy sector.
The current landscape presents numerous opportunities for swing traders. Particularly within the consumer, energy, and financial sectors, companies like MRO are demonstrating substantial growth. By maintaining vigilance over these trends, traders can take advantage of these movements and add significant value to their portfolios.
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where MRO advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Aroon Indicator entered an Uptrend today. In of 282 cases where MRO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Momentum Indicator moved below the 0 level on October 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MRO as a result. In of 95 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MRO turned negative on October 15, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
MRO moved below its 50-day moving average on October 15, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for MRO crossed bearishly below the 50-day moving average on October 21, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MRO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MRO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.439) is normal, around the industry mean (5.157). P/E Ratio (11.160) is within average values for comparable stocks, (19.593). MRO's Projected Growth (PEG Ratio) (25.973) is slightly higher than the industry average of (5.525). Dividend Yield (0.015) settles around the average of (0.085) among similar stocks. P/S Ratio (2.711) is also within normal values, averaging (152.932).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which explores, produces, transports and markets crude oil and natural gas
Industry OilGasProduction