MPC has strong relative strength and an upward trend; the 21-day EMA is the key support/stop-loss level to watch given recent weakness.

If you look at the relative strength at the bottom of MPC's stock , which is Marathon Petroleum's stock, you'll notice that it performed amazingly, and a large part of that outstanding performance was achieved in the third quarter, right? MPC's stock growth accelerated significantly.

Now, why and how did this stock outperform in the third quarter? Marathon Petroleum is part of a group of stocks known as energy stocks in the refining and distribution sector.

These companies include companies such as Valero (VLO), Philips (PSX) and Marathon Petroleum (MPC) . These are the gas station companies .

But these companies, known as refining and distribution stocks, are primarily focused on this specific sector of the market and are less affected by crude oil prices. Despite the extreme volatility in crude oil prices, the energy companies I mentioned, such as MPC, have been experiencing steady upward trends for some time.

While crude oil prices have fluctuated wildly , with the energy sector experiencing periods of boom and bust, MPC and other similar companies have maintained excellent relative strength.

These stocks have been trending upward for some time, while the energy sector in general is waiting to see if it will break through in some promising areas.

These are long-standing, strong stocks, and are typically traded based on the profit margin, i.e., the difference between the price of oil when it is extracted and its final price in fuel tanks.

This margin is the deciding factor, and this margin has been very positive despite the fluctuations in crude oil prices.

So, the trend is strong, the momentum is strong, the relative strength is strong, and the moving averages are trending upwards , and this meets all the conditions. I've noticed these stocks are declining this week, so I'm watching the 21-day exponential moving average.

This is the initial stop-loss level that I always rely on. As long as we don't break this average, there's nothing to worry about . But if we break it , I will reconsider the matter.

This is the initial stop-loss level that I always rely on. As long as we don't break this average, there's nothing to worry about. But if we break it, I will reconsider the matter.

The 50-day exponential moving average has provided strong support since the beginning of this year, specifically in January and February.