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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.

Showing technical analysis as on 2024-05-28 View latest technical analysis

10 day averaged volume of Murphy Oil is 1334147

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	42.43	42.31	42.62	42.00	1.115 times
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
17 Fri May 2024	43.08	43.20	43.31	42.89	0.908 times
16 Thu May 2024	43.21	43.89	43.98	43.15	0.839 times
15 Wed May 2024	43.88	43.74	43.91	42.97	0.912 times
14 Tue May 2024	43.93	44.17	44.33	43.58	0.739 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 41.6 as target. However if you take a buy trade in stock , then use 42.7 as stoploss and 43.63 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	44.10
Upside Target	44.57
Upside Target	44.73
Upside Target	45.31
Upside Target	45.84
Upside Target	46.91
Upside Target	49.14

Intraday share price targets for Murphy Oil (MUR)

Target Type	Value
Downside Intraday Target	42.08
Downside Intraday Target	41.73
Upside Intraday Target	42.7
Upside Intraday Target	42.97
Downside Intraday Target	42.35

Weekly technical analysis of Murphy Oil (MUR)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	42.43	42.31	42.62	42.00	0.195 times
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

Price has moved up 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
28 Tue May 2024	42.43	44.69	45.31	41.58	0.901 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	0.612 times

Scroll below to view daily charts

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)

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 neutral. A longer time frame might give a better analysis.

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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Murphy Oil in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 42.76 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.