Marathon Petroleum Corp

MPC’s strong Stage 2 advance, driven by an accelerating Parabola pattern and rising EMAs, confirms medium-term bullishness. However, price is extended well above the 9EMA/20EMA zone and indicators are extreme overbought, making short-term timing unfavorable. We will stalk for pullbacks into the rising EMA support in line with the Momentum + EPS strategy.

• ↑Q1 refining utilization at 89% with 94% target in Q2
• ↑Generated $1.7B operating cash flow, funding $5B repurchase
• ↓Negative profitability factors raise doubts on margin resilience