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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 2024-06-18 View latest technical analysis

10 day averaged volume of Murphy Oil is 1376190

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	38.85	39.00	39.24	38.70	1.165 times
18 Tue Jun 2024	38.85	39.00	39.24	38.70	1.165 times
17 Mon Jun 2024	38.72	38.39	38.80	38.18	1.063 times
14 Fri Jun 2024	38.30	38.90	38.90	38.11	1.016 times
13 Thu Jun 2024	38.95	40.24	40.24	38.62	1.315 times
12 Wed Jun 2024	40.34	41.24	41.36	40.09	1.231 times
11 Tue Jun 2024	40.65	40.25	40.66	39.94	0.734 times
10 Mon Jun 2024	40.44	39.66	40.71	39.66	1.048 times
07 Fri Jun 2024	39.67	39.80	40.22	39.54	0.806 times
06 Thu Jun 2024	40.02	39.78	40.11	39.69	0.708 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.2, but if it comes above 39.2, then a intra day buy could be more profitable.
If you take a sell trade below 39.2, then use 39.2 as stoploss and 37.5 as target. However if you take a buy trade in stock , then use 39.2 as stoploss and 40.52 as target.

Share price targets for Murphy Oil (MUR)

Target Type	Value
Downside Target	37.10
Downside Target	38.11
Upside Target	40.33
Upside Target	41.36
Upside Target	41.58
Upside Target	42.70
Upside Target	42.91
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	38.62
Downside Intraday Target	38.39
Upside Intraday Target	39.16
Upside Intraday Target	39.47
Upside Intraday Target	38.93

Weekly technical analysis of Murphy Oil (MUR)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	38.85	39.00	39.24	38.70	0.523 times
18 Tue Jun 2024	38.85	38.39	39.24	38.18	0.417 times
14 Fri Jun 2024	38.30	39.66	41.36	38.11	1.178 times
07 Fri Jun 2024	39.67	42.70	42.70	39.54	1.006 times
31 Fri May 2024	42.79	42.31	42.91	41.58	0.814 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
18 Tue Jun 2024	38.85	42.70	42.70	38.11	0.592 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
28 Thu Mar 2024	45.70	40.11	45.84	38.54	1.306 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 gaining momentum.

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

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 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 coming down

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

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 39.41 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.