MPLX Crosses Critical Technical Indicator
Technical Analysis Channel Staff - Thursday, October 1, 12:18 PM

In trading on Thursday, shares of MPLX LP (MPLX) entered into oversold territory, changing hands as low as $15.15 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of MPLX LP, the RSI reading has hit 27.3 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 40.1, the RSI of WTI Crude Oil is at 36.5, the RSI of Henry Hub Natural Gas is presently 59.9, and the 3-2-1 Crack Spread RSI is 42.4.

A bullish investor could look at MPLX's 27.3 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Looking at a chart of one year performance (below), MPLX's low point in its 52 week range is $6.87 per share, with $28.28 as the 52 week high point — that compares with a last trade of $15.19. MPLX LP shares are currently trading down about 3.5% on the day.

MPLX LP 1 Year Performance Chart


Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.

Mercantile Bank Breaks Above 200-Day Moving Average - Bullish for MBWM
46 minutes ago


CYBE Crosses Below Key Moving Average Level
49 minutes ago


SBCF Makes Bullish Cross Above Critical Moving Average
49 minutes ago


FCAP Crosses Above Key Moving Average Level
50 minutes ago


HTLF Makes Bullish Cross Above Critical Moving Average
52 minutes ago


AGNC Investment Breaks Above 200-Day Moving Average - Bullish for AGNC
53 minutes ago


Bullish Two Hundred Day Moving Average Cross - WW
53 minutes ago


Bullish Two Hundred Day Moving Average Cross - JPM
57 minutes ago


KeyCorp Breaks Above 200-Day Moving Average - Bullish for KEY
57 minutes ago


General Electric (GE) Shares Cross Above 200 DMA
57 minutes ago


RDIV Crosses Above Key Moving Average Level
57 minutes ago


Bullish Two Hundred Day Moving Average Cross - SJW
57 minutes ago


Bullish Two Hundred Day Moving Average Cross - GBCI
58 minutes ago


BTO Crosses Above Key Moving Average Level
58 minutes ago


LVS Crosses Above Key Moving Average Level
58 minutes ago


AngloGold Ashanti Breaks Below 200-Day Moving Average - Notable for AU
58 minutes ago


EFX Crosses Below Key Moving Average Level
58 minutes ago


PFC Makes Bullish Cross Above Critical Moving Average
58 minutes ago


HTGC Makes Bullish Cross Above Critical Moving Average
59 minutes ago


Bullish Two Hundred Day Moving Average Cross - NVT
59 minutes ago


SIX Crosses Above Key Moving Average Level
59 minutes ago


RWT Makes Bullish Cross Above Critical Moving Average
59 minutes ago


IGM Financial Breaks Above 200-Day Moving Average - Bullish for IGM.CA
1 hour, 4 minutes ago


MidWestOne Financial Group (MOFG) Shares Cross Above 200 DMA
22 hours, 13 minutes ago


Summit Financial Group Breaks Above 200-Day Moving Average - Bullish for SMMF
22 hours, 15 minutes ago


KRNY Crosses Above Key Moving Average Level
22 hours, 15 minutes ago


IMOS Makes Bullish Cross Above Critical Moving Average
22 hours, 15 minutes ago


Liberty Global Breaks Below 200-Day Moving Average - Notable for LBTYK
22 hours, 15 minutes ago


HA Makes Bullish Cross Above Critical Moving Average
Thursday, October 22, 4:45 PM


Marriott International Breaks Above 200-Day Moving Average - Bullish for MAR
Thursday, October 22, 4:45 PM


MTSC Makes Bullish Cross Above Critical Moving Average
Thursday, October 22, 4:41 PM


BPOP Crosses Above Key Moving Average Level
Thursday, October 22, 4:40 PM


HWC Makes Bullish Cross Above Critical Moving Average
Thursday, October 22, 4:39 PM


Arrow Financial Breaks Above 200-Day Moving Average - Bullish for AROW
Thursday, October 22, 4:36 PM


Vistra Breaks Above 200-Day Moving Average - Bullish for VST
Thursday, October 22, 4:25 PM


Customers Bancorp Breaks Above 200-Day Moving Average - Bullish for CUBI
Thursday, October 22, 4:18 PM


PB Crosses Above Key Moving Average Level
Thursday, October 22, 4:12 PM


Bullish Two Hundred Day Moving Average Cross - ROG
Thursday, October 22, 4:12 PM


iShares U.S. Treasury Bond (GOVT) Shares Cross Below 200 DMA
Thursday, October 22, 4:12 PM


Howmet Aerospace (HWM) Shares Cross Above 200 DMA
Thursday, October 22, 4:12 PM


ZROZ Getting Very Oversold
Thursday, October 22, 4:12 PM


SUI Crosses Below Key Moving Average Level
Thursday, October 22, 4:12 PM


IEF Crowded With Sellers
Thursday, October 22, 4:12 PM


GHC Makes Bullish Cross Above Critical Moving Average
Thursday, October 22, 4:11 PM


Alaska Air Group Breaks Above 200-Day Moving Average - Bullish for ALK
Thursday, October 22, 4:11 PM


Invesco International Dividend Achievers Breaks Above 200-Day Moving Average - Bullish for PID
Thursday, October 22, 4:11 PM


Bullish Two Hundred Day Moving Average Cross - PNC
Thursday, October 22, 4:11 PM


TEGNA Shares Cross Above 200 DMA
Thursday, October 22, 4:11 PM


Bullish Two Hundred Day Moving Average Cross - OVV
Thursday, October 22, 4:10 PM


Alleghany Breaks Above 200-Day Moving Average - Bullish for Y
Thursday, October 22, 4:09 PM


WTRG Makes Bullish Cross Above Critical Moving Average
Thursday, October 22, 4:08 PM


Invesco Van Kampen Municipal Trust (VKQ) Shares Cross Below 200 DMA
Thursday, October 22, 4:08 PM


Invesco KBW Bank Breaks Above 200-Day Moving Average - Bullish for KBWB
Thursday, October 22, 4:08 PM


ORI Crosses Above Key Moving Average Level
Thursday, October 22, 4:07 PM


Bullish Two Hundred Day Moving Average Cross - WCP.CA
Thursday, October 22, 3:49 PM


PS Makes Notable Cross Below Critical Moving Average
Thursday, October 22, 1:18 PM


NuCana (NCNA) Shares Cross Above 200 DMA
Thursday, October 22, 12:43 PM


Allegiance Bancshares Breaks Above 200-Day Moving Average - Bullish for ABTX
Thursday, October 22, 12:41 PM


Bullish Two Hundred Day Moving Average Cross - NXST
Thursday, October 22, 12:41 PM


United Community Banks (UCBI) Shares Cross Above 200 DMA
Thursday, October 22, 12:41 PM


HBAN Makes Bullish Cross Above Critical Moving Average
Thursday, October 22, 12:38 PM


Sandy Spring Bancorp (SASR) Shares Cross Above 200 DMA
Thursday, October 22, 12:37 PM


SIGI Makes Bullish Cross Above Critical Moving Average
Thursday, October 22, 12:37 PM


WesBanco (WSBC) Shares Cross Above 200 DMA
Thursday, October 22, 12:37 PM


ConnectOne Bancorp (CNOB) Shares Cross Above 200 DMA
Thursday, October 22, 12:37 PM


PLAY Crosses Above Key Moving Average Level
Thursday, October 22, 12:07 PM


CTSO Crosses Below Key Moving Average Level
Thursday, October 22, 12:07 PM


TCBK Makes Bullish Cross Above Critical Moving Average
Thursday, October 22, 11:32 AM


Peoples Bancorp Breaks Above 200-Day Moving Average - Bullish for PEBO
Thursday, October 22, 11:29 AM


SPAQ Crosses Below Key Moving Average Level
Thursday, October 22, 11:24 AM


Notable Two Hundred Day Moving Average Cross - FN
Thursday, October 22, 11:22 AM


Bullish Two Hundred Day Moving Average Cross - NOA
Thursday, October 22, 11:20 AM


DDD Makes Bullish Cross Above Critical Moving Average
Thursday, October 22, 11:15 AM


BANC Crosses Above Key Moving Average Level
Thursday, October 22, 11:13 AM


Rogers Communications Breaks Above 200-Day Moving Average - Bullish for RCI
Thursday, October 22, 11:12 AM


Sterling Bancorp (STL) Shares Cross Above 200 DMA
Thursday, October 22, 11:10 AM


ASE Technology Holding (ASX) Shares Cross Above 200 DMA
Thursday, October 22, 11:08 AM


CCI Crosses Below Key Moving Average Level
Thursday, October 22, 11:08 AM


QYLD Breaks Below 200-Day Moving Average - Notable for QYLD
Thursday, October 22, 11:02 AM


Webster Financial Breaks Above 200-Day Moving Average - Bullish for WBS
Thursday, October 22, 11:00 AM


KMB Crosses Below Key Moving Average Level
Thursday, October 22, 10:59 AM


NOA.CA Makes Bullish Cross Above Critical Moving Average
Thursday, October 22, 10:55 AM


Notable Two Hundred Day Moving Average Cross - LBTYA
Wednesday, October 21, 5:18 PM


Collegium Pharmaceuticals Breaks Below 200-Day Moving Average - Notable for COLL
Wednesday, October 21, 5:18 PM


Sanofi (SNY) Shares Cross Below 200 DMA
Wednesday, October 21, 4:37 PM


Quotes delayed 20 minutes
Get Free SEC filing alerts for MPLX:
MPLX SEC Filing Email Alerts ServiceExternal link
Video: Technical Analysis


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
10 Most Oversold S&P 500 Stocks
10 Most Overbought S&P 500 Stocks

10 ETFs With Stocks Insiders Are Buying
10 ETFs With Most Upside To Targets
The DividendRank Top 25
Warren Buffett Dividend Stocks
10 Cheap Dividend Stocks Under $10
10 Top DividendRank'ed Energy Stocks
The 10 Highest Yielding Preferred Stocks
The 10 Highest Yielding Preferred Stocks
The 15 Most Active S&P Call & Put Options
 

MPLX Crosses Critical Technical Indicator | www.TechnicalAnalysisChannel.com | Copyright © 2019 - 2020, All Rights Reserved

Nothing in TechnicalAnalysisChannel.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and market videos powered by Market News Video. Quote and option data delayed at least 15 minutes; stock quote data powered by Ticker Technologies, and Mergent.