Use advanced tools to confirm the Broadening Formation on MPC before you trade.
Expanding volatility. Sign of instability.
Technical analysis of Marathon Petroleum (MPC) reveals a significant setup. The stock is trading at $309.24, down 0.97% on the day. The primary technical feature is a Broadening Formation formation. Volume is average (0.74x avg) with moderate trend strength (53.6). A potential breakout level is identified at $326.92, targeting $415.56 with support near $282.6 (R:R 2.0).
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