Is MPLX LP technically bullish or bearish?

As of 24 October 2025, the technical trend for MPLX LP has changed from bearish to mildly bearish. The weekly MACD is bearish, while the monthly MACD is mildly bearish, indicating a lack of strong upward momentum. The daily moving averages also reflect a mildly bearish stance. The Bollinger Bands show a sideways trend on the weekly chart but are bullish on the monthly chart, suggesting mixed signals. Dow Theory indicates a mildly bullish weekly outlook but a mildly bearish monthly perspective. The On-Balance Volume (OBV) is mildly bullish weekly but mildly bearish monthly, further contributing to the mixed technical picture.
In terms of performance, MPLX LP has outperformed the S&P 500 over the past week with a return of 3.13% compared to the S&P 500's 1.92%, but it has underperformed over the longer terms, including a 1-month return of -1.31% versus the S&P 500's 2.32%. Overall, the current technical stance is mildly bearish, with key indicators suggesting a lack of strong bullish momentum.