MURPHY OIL CORP (MUR) Technical Analysis
NYSE:MUR • US6267171022
Current stock price
MUR Technical Rating and Analysis
Overall MUR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MUR is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MUR is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, MUR also shows a nice and consistent pattern of rising prices.
- MUR is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. MUR outperforms 71% of them.
- MUR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MUR is leading the market.
- MUR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- MUR has an average volume of 2747290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MUR Weekly and Daily overview Charts
MUR Setup Rating and Analysis
MUR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 42.13. Right above this resistance zone may be a good entry point.
More info and screens
MUR Support and Resistance Analysis
32.11
4 important support areas can be observed.
- Support @39.54 from a horizontal line in the daily time frame.
- A support zone ranging from 34.77 to 35.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @33.06 from a trend line in the weekly time frame.
- Support @32.43 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 42.13 to 42.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
MUR Technical Indicator Signal Analysis
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 | 92.82 | POSITIVE | MUR has a high relative strength, it outperformed 92.82% 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) | 65.35 | NEUTRAL | The RSI value for MUR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests MUR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.2 | NEUTRAL | The Stochastics value for MUR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for MUR suggests some volalility. |
| Average Directional Index/ADX (14) | 32 | POSITIVE | The high ADX value value for MUR suggests a strong trend. |
MUR Chart- and CandleStick Pattern Analysis
MUR Example Setup
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 |
|---|---|---|---|
| 42.14 | 39.53 | 2.61 (6.19%) | 16.15% |
| An entry @42.14. This is a Buy Stop order right above the resistance zone. | An exit @39.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.61 points, which is 6.19%. | When investing 16.15% 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.
MUR Technicals: Chart, Performance Metrics, Trend & Indicators
41.68
+0.6 (+1.46%)
MURPHY OIL CORP / MUR TA FAQ
What is the technical rating for MUR stock?
ChartMill assigns a technical rating of 10 / 10 to MUR.
What is the trend direction for MUR stock?
The current trend direction for MURPHY OIL CORP (MUR) is Bullish.
What is the RSI signal for MUR stock?
MURPHY OIL CORP (MUR) has an RSI value of 65.346. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MURPHY OIL CORP?
The MACD indicator for MURPHY OIL CORP (MUR) has a value of 0.139653, indicating a bearish trend.
What is the buy/sell signal for MUR stock?
The buy/sell signal for MURPHY OIL CORP (MUR) is buy as both the short term and long term trends are positive.