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(MUR) Murphy Oil complete technical analysis [charts+indicators] | Buy/Sell Murphy Oil | (MUR) share price targets

Complete technical analysis of Murphy Oil (MUR) by charts plus indicators, forecast predictions and share price targets for Murphy Oil (MUR)

Murphy Oil trades in USA in Energy sector.

10 day averaged volume of Murphy Oil is 1334147

Date Daily Closing Price Open High Low Volume
24 Fri May 2024 41.99 42.17 42.31 41.77 0.92 times
23 Thu May 2024 41.86 42.56 42.91 41.58 1.144 times
22 Wed May 2024 42.31 42.71 42.85 41.83 1.747 times
21 Tue May 2024 43.01 42.64 43.44 42.64 1.101 times
20 Mon May 2024 42.80 43.12 43.27 42.78 0.797 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.7, but if it comes above 42.7, then a intra day buy could be more profitable.
If you take a sell trade below 42.7, then use 42.7 as stoploss and 41.4 as target. However if you take a buy trade in stock , then use 42.7 as stoploss and 43.85 as target.

Share price targets for Murphy Oil (MUR)

Target Type Value
Downside Target 36.95
Downside Target 38.54
Downside Target 40.33
Downside Target 41.58
Upside Target 42.89
Upside Target 45.16
Upside Target 45.31
Upside Target 45.84
Upside Target 46.70
Upside Target 46.91
Upside Target 49.14

Intraday share price targets for Murphy Oil (MUR)

Target Type Value
Downside Intraday Target 41.23
Downside Intraday Target 40.48
Upside Intraday Target 43.09
Upside Intraday Target 44.2
Upside Intraday Target 42.34

Weekly technical analysis of Murphy Oil (MUR)

Date Weekly Closing Price Open High Low Volume
24 Fri May 2024 41.99 43.12 43.44 41.58 1.33 times
17 Fri May 2024 43.08 44.51 44.73 42.89 0.949 times
10 Fri May 2024 44.24 44.56 45.31 44.10 0.685 times
03 Fri May 2024 44.15 46.37 46.91 43.68 1.519 times
26 Fri Apr 2024 46.44 45.82 46.70 45.16 0.97 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Murphy Oil (MUR)

Date Monthly Closing Price Open High Low Volume
24 Fri May 2024 41.99 44.69 45.31 41.58 0.85 times
30 Tue Apr 2024 44.64 45.90 49.14 44.57 0.712 times
28 Thu Mar 2024 45.70 40.11 45.84 38.54 1.306 times
29 Thu Feb 2024 39.67 39.01 40.33 37.10 0.644 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Murphy Oil (MUR)

Indicator Name Indicator Value Indicator Signal
ADX 10, 29, 49 Sell
MACD -1, -1Sell
Stochastics 11Sell
CCI -120Sell
RSI 37Sell
OBV -4333868Sell
VWAP 43Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Murphy Oil ( (MUR) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Murphy Oil ( (MUR) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Murphy Oil ( (MUR) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Murphy Oil ( (MUR) ) based on a mid to longer term time period is

ADX buy sell signal for Murphy Oil stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Murphy Oil in short term and the sell signal is strong.

Murphy Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Murphy Oil in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Murphy Oil is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.9 and Murphy Oil (MUR) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Murphy Oil (MUR) stock. Volume based technical analysis of Murphy Oil (MUR) stock is negative.

Murphy Oil Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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