Marathon Oil (MRO) Technical Analysis

Marathon Oil Corp (MRO) is a company that operates in the energy sector, specifically in the exploration and production of oil and gas. Like any other company in this industry, MRO is subject to fluctuations in the stock market, which makes technical analysis an essential tool for investors and traders. By analyzing the historical price and volume data, as well as various technical indicators, it is possible to gain insights into the future direction of MRO's stock price.

One of the key technical indicators used in analyzing MRO is the Relative Strength Index (RSI). The RSI is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100, with readings above 70 typically indicating overbought conditions and readings below 30 indicating oversold conditions. By analyzing the RSI of MRO stock, traders can identify potential entry or exit points.