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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 2024-07-16 View latest technical analysis

10 day averaged volume of Murphy Oil is 876293

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	41.88	42.18	42.48	41.72	1.995 times
15 Mon Jul 2024	42.32	41.88	42.75	41.46	1.376 times
12 Fri Jul 2024	41.38	41.75	41.80	41.18	0.916 times
11 Thu Jul 2024	41.27	40.49	41.47	40.24	1.169 times
10 Wed Jul 2024	40.29	39.75	40.31	39.65	0.65 times
09 Tue Jul 2024	39.79	39.89	40.47	39.68	1.057 times
08 Mon Jul 2024	40.23	39.95	40.35	39.91	1.168 times
05 Fri Jul 2024	40.13	41.02	41.12	39.98	1.032 times
03 Wed Jul 2024	41.24	41.27	41.49	40.97	0.554 times
03 Wed Jul 2024	41.24	41.27	41.49	40.97	0.554 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.6, but if it comes below 41.6, then a intra day sell could be more profitable.
If you take a sell trade below 41.6, then use 41.6 as stoploss and 40.77 as target. However if you take a buy trade in stock , then use 41.6 as stoploss and 42.6 as target.

Share price targets for Murphy Oil (MUR)

Target Type	Value
Downside Target	38.11
Downside Target	39.65
Downside Target	41.80
Upside Target	41.90
Upside Target	42.70
Upside Target	42.75
Upside Target	44.57
Upside Target	45.31
Upside Target	45.84
Upside Target	49.14

Intraday share price targets for Murphy Oil (MUR)

Target Type	Value
Downside Intraday Target	41.31
Downside Intraday Target	40.74
Upside Intraday Target	42.6
Upside Intraday Target	43.32
Upside Intraday Target	42.03

Weekly technical analysis of Murphy Oil (MUR)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	41.88	41.88	42.75	41.46	0.68 times
12 Fri Jul 2024	41.38	39.95	41.80	39.65	3.127 times
05 Fri Jul 2024	40.13	41.27	41.49	39.98	0.474 times
03 Wed Jul 2024	41.24	41.43	41.75	40.70	0.346 times
28 Fri Jun 2024	41.24	39.88	41.90	39.77	1.567 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
16 Tue Jul 2024	41.88	41.43	42.75	39.65	0.38 times
28 Fri Jun 2024	41.24	42.70	42.70	38.11	0.99 times
31 Fri May 2024	42.79	44.69	45.31	41.58	1.064 times
30 Tue Apr 2024	44.64	45.90	49.14	44.57	0.712 times

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Murphy Oil ( (MUR) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Murphy Oil in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Murphy Oil Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Murphy Oil in short term but SELL 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

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 41.09 and Murphy Oil (MUR) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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