Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>MRO stock price is above the key moving averages showcasing bullishness on the daily chart frame.</a> </li> 
 <li> <span>2</span> <a>Marathon stock price is showing extreme bullishness on the daily time frame.</a> </li> 
</ul> 
<p>MRO stock price is trading in the bullish zone above the key moving averages and is showing bullish momentum. On the daily charts, MRO stock is riding the uptrend and is above the key moving EMAs.</p> 
<p>The price action showcases that the stock is ready for a significant upward movement, with potential price growth in the next sessions. Buyers are working hard to maintain these levels, showing their confidence in the stock’s upward trajectory.</p> 
<p>In the recent trading sessions, buyers demonstrated their strength. They resumed to take long positions and accumulated more of the stock to extend the uptrend.</p> 
<p>MRO stock chart highlights the increased activity of buyers in the market. Moreover, the price action shows higher highs and higher lows on the charts, indicating that the stock is bullish and not willing to slow down.</p> 
<p>The chart structure indicates that buyers are ruling the trend, and the stock is gradually approaching $35, which will probably be attained soon. Additionally, the sellers find themselves in a defensive position following a sharp vertical surge in the past few trading sessions, surpassing multiple resistance levels above key EMAs. Investors are displaying a strong willingness to pursue this upward movement.</p> 
<p>At press time, MRO stock price was $28.63 with an intraday gain of 0.63%, showing bullishness on the charts. Furthermore, the trading volume is 9.537 Million, and the market cap is $17.341 Billion.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-mro-stock-price-in-1-d-time-frame-strong"><strong>Technical Analysis of MRO Stock Price in 1-D Time Frame</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1273" height="577" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-539.png" alt="MRO Stock: What Are the Main Hurdels For Marathon Stock Price?" class="wp-image-176703" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-539.png 1273w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-539-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-539-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-539-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-539-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-539-1140x517.png 1140w" sizes="(max-width: 1273px) 100vw, 1273px">
  <figcaption class="wp-element-caption">
   Source: MRO.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div> 
<p>Currently, MRO stock (NYSE: Marathon) is trading above the 50 and 200-day simple moving averages (SMAs), which are supporting the price momentum.&nbsp;</p> 
<p>The current value of RSI is 65.52 points. The 14 SMA is near the median line at 50.74 points, indicating that the MRO <a href="https://www.thecoinrepublic.com/2023/09/27/marathon-oil-corp-mro-stock-shed-3-can-retest-24-support/" target="_blank" rel="noreferrer noopener">stock price</a> is bullish.</p> 
<p>The MACD line at 0.3831 and the signal line at 0.0577 are above the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the Marathon stock price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>MRO stock technical oscillators also support the bullish trend. The MACD, RSI, and EMAs are emphasizing positive signs and imply that the uptrend may continue in the Marathon stock price. Price action suggests that the investors and traders are bullish on the 1-day time frame. The price action reflects a bullish perspective at the moment. However, investors and traders should wait for proper setup for the next move and avoid FOMO.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $26.25 and $23.42</p> 
<p>Resistance Levels: $29.90 and $33.42</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

MRO Stock: What Are the Main Hurdels For Marathon Stock Price?

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