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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 2024-05-30 View latest technical analysis

10 day averaged volume of Murphy Oil is 1412937

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	41.89	41.87	42.50	41.78	0.947 times
29 Wed May 2024	41.81	42.25	42.38	41.58	1.046 times
28 Tue May 2024	42.43	42.31	42.62	42.00	1.053 times
24 Fri May 2024	41.99	42.17	42.31	41.77	0.869 times
23 Thu May 2024	41.86	42.56	42.91	41.58	1.08 times
22 Wed May 2024	42.31	42.71	42.85	41.83	1.649 times
21 Tue May 2024	43.01	42.64	43.44	42.64	1.039 times
20 Mon May 2024	42.80	43.12	43.27	42.78	0.753 times
17 Fri May 2024	43.08	43.20	43.31	42.89	0.858 times
16 Thu May 2024	43.21	43.89	43.98	43.15	0.792 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.3, but if it comes above 42.3, then a intra day buy could be more profitable.
If you take a sell trade below 42.3, then use 42.3 as stoploss and 41.1 as target. However if you take a buy trade in stock , then use 42.3 as stoploss and 43.37 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	42.62
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	41.44
Downside Intraday Target	40.99
Upside Intraday Target	42.48
Upside Intraday Target	43.07
Upside Intraday Target	42.03

Weekly technical analysis of Murphy Oil (MUR)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	41.89	42.31	42.62	41.58	0.565 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 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
30 Thu May 2024	41.89	44.69	45.31	41.58	0.998 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 42.4 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.