Score 8.5 (out of 10): MARATHON PETROLEUM sets up for +11.1% rally in 1 month

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What’s Going On Here?

MARATHON PETROLEUM has reached a new shorter-term high. Previously, during similar occasions, MARATHON PETROLEUM shares had a median return of +11.1%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for MARATHON PETROLEUM received a high score of 8.5 (out of 10). This insight was generated on 2023-March-29 with last price of 134.08.

MARATHON PETROLEUM is in the Oil Refining&Marketing business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: MPC US.

8.7% (January-2023), 11.6% (October-2022), 18.7% (August-2022), 9.9% (March-2022), 11.5% (January-2022), -1.8% (August-2021), 12.6% (May-2021), 10.6% (January-2021), 32.9% (November-2020), -3.9% (July-2020).

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 148.94 (+11.1%) has been reached. Based on MARATHON PETROLEUM’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 128.38 (last price at 134.08), which is equivalent to a -4.3% decline.

Historical Chart:

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