Marathon Petroleum Corporation is an integrated, downstream energy company. Co. operates through two segments: Refining & Marketing and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks, including renewable feedstocks, at its refineries in the Gulf Coast, Mid-Continent and West Coast regions of the U.S.. Co. sells refined products to wholesale marketing customers domestically and internationally, to buyers on the spot market, to independent entrepreneurs who operate primarily Marathon branded outlets and through long-term supply contracts with direct dealers who operate locations mainly under the ARCO brand.
When researching a stock like Marathon Petroleum, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from MPC Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for MPC stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the MPC 200 day moving average ("MPC 200 DMA"), while one of the most popular "shorter look-backs" is the MPC 50 day moving average ("MPC 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Marathon Petroleum. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the MPC 200 DMA and the MPC 50 DMA, we get a moving average convergence divergence indicator ("MPC MACD"). The MPC MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |