MURPHY OIL CORP (MUR) Stock Technical Analysis
USA - NYSE:MUR - US6267171022 - Common Stock
Taking everything into account, MUR scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MUR is only an average performer.
Besides having an excellent technical rating, MUR also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 30.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.48, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
22.28
5 important support areas can be observed.
- A support zone ranging from 27.72 to 28.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.57 to 27.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.22 from a trend line in the weekly time frame.
- Support @23.84 from a trend line in the daily time frame.
- Support @22.50 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.47 to 30.68. 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 | UP | POSITIVE | The short term trend for MUR is up. |
| ChartMill Relative Strength | 76.98 | POSITIVE | MUR has a high relative strength, it outperformed 76.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MUR is above the rising 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) | 61.58 | NEUTRAL | The RSI value for MUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests MUR has a positive trend. |
| Stochastics (14,3) | 82.47 | OVERBOUGHT | The high Stochastics value suggests MUR may be overbought. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for MUR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.02 | NEGATIVE | The low ADX value for MUR suggests a weak or negative 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 |
|---|---|---|---|
| 30.69 | 26.48 | 4.21 (13.72%) | 7.29% |
| An entry @30.69. This is a Buy Stop order right above the resistance zone. | An exit @26.48. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.21 points, which is 13.72%. | When investing 7.29% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
30.46
+0.97 (+3.29%)
MURPHY OIL CORP / MUR FAQ
What is the technical rating for MUR stock?
ChartMill assigns a technical rating of 8 / 10 to MUR.
Can you provide the trend direction for MURPHY OIL CORP?
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 61.5826. This indicates that the stock is currently neutral.
What is the short term momentum for MUR stock?
The short term momentum for MURPHY OIL CORP (MUR) is positive.
Can you provide the buy/sell signal for MURPHY OIL CORP?
The buy/sell signal for MURPHY OIL CORP (MUR) is buy as both the short term and long term trends are positive.