MURPHY OIL CORP (MUR)

US6267171022 - Common Stock

46.22  +0.06 (+0.13%)

After market: 45.34 -0.88 (-1.9%)

Technical Rating and Analysis

10

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.

In the last month MUR has a been trading in the 44.60 - 49.14 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that MUR is one of the better performing stocks in the market, outperforming 85% of all stocks.
MUR is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 70% of 214 stocks in the same industry.
MUR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MUR is performing more or less in line with the market.
MUR has an average volume of 1642100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
MUR Weekly chart
MUR Daily chart
Setup Rating and Analysis

8

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. There is very little resistance above the current price. There is a support zone below the current price at 46.21, 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.
Support and Resistance Analysis

33.01

49.47

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 45.98 to 46.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @45.18 from a horizontal line in the daily time frame.
  • Support @39.11 from a trend line in the weekly time frame.
  • Support @37.69 from a horizontal line in the daily time frame.
  • Support @33.34 from a horizontal line in the weekly time frame.

We can see 2 important resistance areas.

  • Resistance @47.85 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 48.98 to 48.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.84
Mansfield0
10 Day High48.64
10 Day Low44.97
20 Day High49.14
20 Day Low44.6
52 Week High49.14
52 Week Low32.8
Performance
1 Week2.08%
2 Weeks-3.93%
1 Month3.28%
3 Month19.87%
6 Month2.01%
12 Month25.91%
2 Year21.38%
3 Year173.01%
5 Year69.68%
10 Year-27.13%
15 Year-3.12%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.37
RSI(14)55.28
LBB44.53
UBB49.08
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.

ENTRYEXITDISTANCECAPITAL
47.8645.971.89 (3.95%)25.00%
An entry @47.86. This is a Buy Stop order right above the resistance zone.An exit @45.97. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.89 points, which is 3.95%.For a 0.99% total portfolio risk, you can invest 25.00% 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.
MUR Daily chart

MURPHY OIL CORP

NYSE:MUR (4/24/2024, 7:18:17 PM)

After market: 45.34 -0.88 (-1.9%)

46.22

+0.06 (+0.13%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.13%
1 Week2.08%
2 Weeks-3.93%
1 Month3.28%
3 Month19.87%
6 Month2.01%
12 Month25.91%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.09
ATR(20)%2.23%
ATR Inc
Range Today0.72
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High48.64
10 Day Low44.97
20 Day High49.14
20 Day Low44.6
52 Week High49.14
52 Week Low32.8
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume986.40K
Volume Incr-11.58%
Vol(5)1.22M
Vol(50)1.64M