RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MPLX
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MPLX LP stock price down 0.373% on Tuesday
(Updated on Jul 02, 2024)

Buy or Hold candidate since Jun 21, 2024 Gain 3.14% PDF

The MPLX LP stock price fell by -0.373% on the last day (Tuesday, 2nd Jul 2024) from $42.88 to $42.72. During the last trading day the stock fluctuated 0.85% from a day low at $42.54 to a day high of $42.90. The price has risen in 6 of the last 10 days and is up by 4.17% over the past 2 weeks. Volume has increased on the last day by 257 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $52.11 million.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $42.89 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect MPLX LP stock with a 90% probability to be traded between $40.26 and $43.22 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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MPLX Signals & Forecast

The MPLX LP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $42.52 and $41.10. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -0.373%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for MPLX LP stock

On the downside, the stock finds support just below today's level from accumulated volume at $40.45 and $40.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MPLX LP finds support just below today's level at $40.45. If this is broken, then the next support from accumulated volume will be at $40.40 and $39.66.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.360 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.22%.

The MPLX LP stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $41.66 (-2.48%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (MPLX) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect MPLX LP to open at $42.72, and during the day (based on 14 day Average True Range), to move between $42.21 and $43.23, which gives a possible trading interval of +/-$0.510 (+/-1.19%) up or down from last closing price. If MPLX LP takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $42.88 (0.37%) than the support at $40.45 (5.31%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is MPLX LP stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for MPLX LP stock to perform well in the short-term period.

Current score: 3.101 Buy Candidate Unchanged

Predicted Opening Price for MPLX LP of Wednesday, July 3, 2024

Fair opening price July 3, 2024 Current price
$42.72 ( 0%) $42.72

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MPLX

Fibonacci Support & Resistance Levels

Level Price
R3 43.08 0.84%
R2 42.94 0.521%
R1 42.86 0.322%
Price 42.72
S1 42.58 -0.322%
S2 42.50 -0.521%
S3 42.36 -0.84%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 42.88 0.375%
Price 42.72
S1 40.45 -5.31%
S2 40.40 -5.43%
S3 39.66 -7.16%

MPLX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 23, 2024 May 02, 2024 May 13, 2024 $0.85 2.06%
2 Jan 24, 2024 Feb 02, 2024 Feb 14, 2024 $0.85 2.23%
3 Oct 24, 2023 Nov 02, 2023 Nov 13, 2023 $0.85 2.41%
4 Jul 25, 2023 Aug 03, 2023 Aug 14, 2023 $0.775 2.22%
5 Apr 25, 2023 May 04, 2023 May 15, 2023 $0.775 2.29%

FAQ

What is the symbol for MPLX LP Stock and on which exchange is it traded?
The symbol for MPLX LP is MPLX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell MPLX LP Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for MPLX LP stock to perform well in the short-term period.

How to buy MPLX LP Stock?
MPLX LP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MPLX LP Stock.

What's the current price of MPLX LP Stock?
As of the end of day on the Jul 02, 2024, the price of an MPLX LP (MPLX) share was $42.72.

What is the 52-week high and low for MPLX LP Stock?
The 52-week high for MPLX LP Stock is $43.00 and the 52-week low is $33.86.

What is the market capitalization of MPLX LP Stock?
As of the Jul 02, 2024, the market capitalization of MPLX LP is 43.575B.

When is the next earnings date for MPLX LP?
The upcoming earnings date for MPLX LP is Aug 06, 2024.
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About MPLX LP

MPLX LP MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, exchange, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and... MPLX Profile

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