Score 8.8 (out of 10): MARATHON PETROLEUM CORP sets up for +17.5% rally in 2 months

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What’s Going On Here?

Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio.

Why Now?

MARATHON PETROLEUM CORP has triggered a new high volatility signal (3 month). During similar occasions, MARATHON PETROLEUM CORP shares had a median return of +17.5%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for MARATHON PETROLEUM CORP received a high score of 8.8 (out of 10). This insight was generated on 2022-July-19 with last price of 87.82.

What’s This Company About?

MARATHON PETROLEUM CORP 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.

What’s My Risk / Reward and Time Horizon?

We found 2 months 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 103.26 (+17.5%) has been reached. Based on MARATHON PETROLEUM CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 82.55 (last price at 87.85), which is equivalent to a -6% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

34% (May-2022), 15.3% (April-2020), 19.8% (February- 2020), -1.2% (September-2019), 16.6% (June-2019), -8.3% (December-2018), 11.9% (October- 2018), 19.5% (July-2018), 22.7% (May-2018), 18.5% (March-2018).

Historical Chart:

Summary:

NameMARATHON PETROLEUM CORP
ViewUp
Star (1 to 10)8.8
Target17.5%
Time2 months
Hit Rate80%

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