MURPHY OIL CORP (MUR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MUR - US6267171022 - Common Stock
Taking everything into account, MUR scores 6 out of 10 in our technical rating. In the last year, MUR was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, MUR does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 31.74, a Stop Loss order could be placed below this zone.
More info and screens
26.34
We found 4 important support areas.
- A support zone ranging from 30.81 to 31.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.92 to 30.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @28.35 from a trend line in the daily time frame.
- Support @26.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @32.66 from a trend line in the weekly time frame.
- A resistance zone ranging from 33.23 to 33.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MUR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MUR is neutral. |
| ChartMill Relative Strength | 60.8 | NEUTRAL | MUR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MUR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MUR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MUR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.91 | NEUTRAL | The RSI value for MUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MUR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.86 | NEUTRAL | The Stochastics value for MUR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for MUR suggests some volalility. |
| Average Directional Index/ADX (14) | 21.81 | NEUTRAL | The ADX value for MUR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 32.67 | 30.80 | 1.87 (5.72%) | 17.47% |
| An entry @32.67. This is a Buy Stop order right above the resistance zone. | An exit @30.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.87 points, which is 5.72%. | For a 1.00% total portfolio risk, you can invest 17.47% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
32.56
-0.18 (-0.55%)
MURPHY OIL CORP / MUR FAQ
What is the technical rating for MUR stock?
ChartMill assigns a technical rating of 6 / 10 to MUR.
What is the trend direction for MUR stock?
The current trend direction for MURPHY OIL CORP (MUR) is Bullish.
Can you provide the RSI signal for MURPHY OIL CORP?
MURPHY OIL CORP (MUR) has an RSI value of 55.9098. This indicates that the stock is currently neutral.
What is the MACD signal for MUR stock?
The MACD indicator for MURPHY OIL CORP (MUR) has a value of -0.0215353, indicating a bearish trend.
What is the short term momentum for MUR stock?
The short term momentum for MURPHY OIL CORP (MUR) is neutral.