Schaeffer's Top Stock Picks for '25

Multiple Layers of Support in Place for Marathon Stock

MRO's recent dip has it coming into contact with two bull signals

Deputy Editor
Nov 15, 2023 at 2:47 PM
facebook X logo linkedin


This commentary first appeared on Forbes Great Speculations on Wednesday, November 8, where Schaeffer's Investment Research is a regular contributor.

Marathon Oil Corp (NYSE:MRO) is down 2.5% at $24.90 at last glance, headed for its fourth-straight daily loss. The shares are down 9.3% in just the last week, though the pullback could provide an entry opportunity for bulls.

The recent dip has MRO within one standard deviation of its 160- and 200-day moving averages, which have both been bullish for the stock in the past. Both trendlines have seen three similar signals over the past three years, after which the stock was higher one month later each time, with the 160-day trendline averaging a 3.3% gain, while the 200-day averaged a 6.1% gain.

MRO Nov8

It’s also worth noting that Marathon Oil stock’s 14-day relative strength index (RSI) of 19.2 sits firmly in “oversold” territory. This is also an indicator of an upcoming short-term bounce.

Options are attractively priced at the moment, too. MRO’s Schaeffer’s Volatility Index (SVI) of 31% ranks in the low 20th percentile of its annual range, meaning options traders are pricing in low volatility expectations.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?