MRO resistance levels
Next resistance areas above the price
Prices above the last close where MRO made swing highs and turned lower before, nearest first.
| # | Area | Above close | What happened there | Volume |
|---|---|---|---|---|
| 1 | $28.20 to $28.36 | +1.8% 0.8 ATR | 2 swing highs: Aug 1, 2024 at $28.33, Sep 24, 2024 at $28.23 13 sessions traded up into it and closed below it; last traded in Oct 11, 2024 (14 sessions ago); last closed above it Oct 7, 2024. | 4.7% |
| 2 | $28.97 to $29.12 | +4.6% 2.0 ATR | 1 swing high: Aug 29, 2024 at $29.05 6 sessions traded up into it and closed below it; last traded in Oct 7, 2024 (18 sessions ago); last closed above it Jul 18, 2024. | 1.7% |
| 3 | $29.32 to $29.48 | +5.8% 2.5 ATR | 1 swing high: Oct 7, 2024 at $29.40 4 sessions traded up into it and closed below it; last traded in Oct 7, 2024 (18 sessions ago). | 1.1% |
| 4 | $29.66 to $29.82 | +7.1% 3.1 ATR | 1 swing high: Jul 18, 2024 at $29.74 1 session traded up into it and closed below it; last traded in Jul 18, 2024 (74 sessions ago). | 0.1% |
Showing 4 of 5: only 4 areas sit above the close in our data. We don’t fill the list with estimated levels.
For context, not areas: high since Jul 1, 2024 $29.74 · 50-day average $27.28 (averages move every day).
Built from 87 daily sessions, Jul 1, 2024 to Oct 31, 2024 (end-of-day data; our history starts Jul 1, 2024). A swing high is the highest high within 5 sessions on each side, so the last 5 sessions cannot form one yet. Swing highs within half an ATR of each other form one area (ATR $0.6377, the average daily range over 14 sessions). Volume share spreads each session’s volume evenly across its high-low range, so it is an approximation.
Formula pivots by timeframe
Arithmetic on each prior period’s high, low and close. No trading took place at these prices.
| Timeframe | S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Daily | $25.65 | $25.77 | $25.93 | $26.05 | $26.21 | $26.33 | $26.49 |
| Weekly | $25.18 | $25.67 | $26.06 | $26.55 | $26.95 | $27.44 | $27.83 |
| Monthly | $22.69 | $24.12 | $25.37 | $26.80 | $28.06 | $29.49 | $30.74 |
Every formula level vs the current price
| Price | Side | From |
|---|---|---|
| $22.69 | support | Monthly S3 |
| $24.12 | support | Monthly S2 |
| $25.18 | support | Weekly S3 |
| $25.37 | support | Monthly S1 |
| $25.54 | support | 52-week low |
| $25.65 | support | Daily S3 |
| $25.67 | support | Weekly S2 |
| $25.77 | support | Daily S2 |
| $25.93 | support | Daily S1 |
| $26.05 | support | Daily Pivot |
| $26.06 | support | Weekly S1 |
| $26.21 | support | Daily R1 |
| $26.33 | support | Daily R2 |
| $26.49 | support | Daily R3 |
Read from our end-of-day daily bars, as of 2024-10-31. 6 held, 3 not held.
- Daily price history87 sessionsREPORTED End-of-day daily bars, split-adjusted; as of 2024-07-01 to 2024-10-31. No single source document identified.
- Last close27.70 USDREPORTED End-of-day daily bars, split-adjusted; as of 2024-10-31. No single source document identified.
- Resistance areas above the close4DERIVED Swing highs in end-of-day daily bars, split-adjusted; as of 2024-07-01 to 2024-10-31. No single source document identified.
- Daily pivotsDERIVED Floor-trader pivots on end-of-day daily bars, split-adjusted; as of prior period, to 2024-10-31. No single source document identified.
- Weekly pivotsDERIVED Floor-trader pivots on end-of-day daily bars, split-adjusted; as of prior period, to 2024-10-31. No single source document identified.
- Monthly pivotsDERIVED Floor-trader pivots on end-of-day daily bars, split-adjusted; as of prior period, to 2024-10-31. No single source document identified.
- Yearly pivots: the history does not cover a full prior period.
- Intraday prices: end-of-day bars only; nothing here moves during the session.
- Trading before 2024-07-01: outside the window these levels read.
Keep going: MRO workspace · MRO max pain & open interest · look up another ticker · SMA 200 trend
MRO resistance & support FAQ
What are MRO's resistance levels?
As of Oct 31, 2024, the nearest resistance area above MRO's $27.70 close is $28.20 to $28.36, 1.8% higher, where it made 2 swing highs. 4 areas sit above the close in our data; the table lists up to 25, nearest first.
How are the resistance areas found?
From the stock’s own daily trading since Jul 1, 2024, adjusted for splits. A swing high is the highest high within 5 sessions on each side; swing highs within half an average daily range (ATR) of each other form one area. Each area lists the dates it was made, how many sessions traded into it and closed below it, and the share of volume traded inside it. No score is blended from these.
Do these areas predict where price will stop?
No, and we tested it. On 136 stocks, price that reached the nearest area failed to close above it within 5 sessions 33.4% of the time (427 of 1277), against 33.3% at random bands of the same width (408 of 1227). That is no measurable difference. They describe where price turned before; they are not a forecast or a recommendation.
How are the pivots calculated?
Classic floor-trader pivots: the pivot point is the average of the prior period’s high, low and close, and the support and resistance rungs are symmetric multiples around it. They are arithmetic, so no trading took place at those prices.