Hull Moving Average Level Review for This Stock: MPLX LP (NYSE:MPLX): HMA Hits 33.156017

As we move into the second half of the year, investors may be wondering what’s in store for stocks. During the summer months, markets are typically a bit more subdued. Investors might be looking to get positioned for whatever is coming. Many feel that the bull market may be losing steam, while others believe that there is plenty of room for the market to cruise higher. Market conditions can change quickly, and being prepared for the worst may help ease the burden if the tide turns unexpectedly.  

Tracking some one month stock pivot points on shares of MPLX LP (NYSE:MPLX), we note that the Classic Pivot is 32.82, the Classic resistance 1 is 33.82, and the Classic support 1 is presently 31.52. The Fibonacci one month pivot is 32.82 while the Fibonacci support 1 pivot is 31.9414, and the Fibonacci support 2 is 31.3986. Looking at one month Woodie pivot, we note the level at 32.855. The Woodie support 1 pivot is 31.59, and the Woodie resistance 1 pivot is 33.89.

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is 0.051203825. Typically, when the Awesome Oscillator moves above the zero line, this would indicate that the short term momentum is rising quicker than the long term momentum. A cross below the zero line would indicate that short term momentum is dropping faster than the long term momentum.

Traders following shares of MPLX LP (NYSE:MPLX) may have noted that the stock most recently closed at 33.13. Going back a full-year, the stock has seen a change of -8.303349 over that stretch. Taking the focus in to more recent action, shares have seen a move of 1.8757688 over the last week. Over the prior month, the stock has moved -1.4281464. Over the past three months, the stock has moved -6.597124.

There are multiple moving average indicators that traders may rely on when conducting stock research. One of the most popular is the Simple Moving Average. The SMA is unweighted, meaning that each period in the set of data is weighted equally. Looking at some SMA levels, we can see that the 10 day is 32.89123, the 20 day is 32.931614, and the 30 day is 32.83791. Tracking some other time periods, we note that the 50 day SMA is 33.170815 , the 100 day is 34.003456 , and the 200 day SMA is currently 35.098152.

Tracking the Hull Moving Average, we note that the current level is 33.156017. The Hull Moving Average was introduced by Alan Hull. Swing traders often use this indicator in combination with other signals in order to help identify possible entry and exit spots.

Expanding the technical focus for MPLX LP (NYSE:MPLX), we see that the Keltner Channels 20 day upper band is 33.463875, and the 20 day lower band is32.41608. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

Investors may be trying to figure out which chart patterns or technical indicators to use. This may take some time to figure out which strategy works for each individual. Back testing specific indicators can be a good way to personally evaluate a particular method. Many investors will opt to follow trading strategies of the professionals. This may work well for some but not others. Figuring out what works and what doesn’t should help the investor make better future decisions. Some investors will choose to go against the grain and develop a contrarian approach. Pulling out substantial profits in the markets may seem like a daunting task. Playing things safe may be the choice for one investor but not the next. Many people will choose to adhere to the old saying of nothing ventured nothing gained. This of course may vary from investor to investor depending on the amount of capital available. 

Many traders will look to optimize stock trades by using various technical indicators. The Ichimoku Cloud indicator is highly flexible and is commonly used in conjunction with the RSI to help confirm momentum and overall trends. Let’s focus on a few different Ichimoku readings for MPLX LP (NYSE:MPLX):

Ichimoku Cloud Base Line: 32.9
Ichimoku Cloud Conversion Line: 32.83
Ichimoku Lead 1: 33.6975
Ichimoku Lead 2: 34.1