| Marathon Oil is an independent exploration and production company focused on the U.S. resource plays. Co. also has international operations in Equatorial Guinea (E.G.). Co.'s segments are: U.S., which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in the U.S.; and International, which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of the U.S. as well as produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol, in E.G. |
When researching a stock like Marathon Oil, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from MRO Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for MRO stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting MRO RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue.