MUR NEWS why is Murphy Oil Corporation price falling or rising

MUR NEWS reasons for why stock price of Murphy Oil Corporation is falling or rising

MUR Murphy Oil is falling or rising technical reasons

Technical analysis forecast for Murphy Oil Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Murphy Oil MUR at this time. Stock is falling and might fall more.

It appears as if Murphy Oil MUR gave a large move recently.

Stock of Murphy Oil (MUR) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Murphy Oil is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 44.2 as stoploss in an intra day buy trade for a target of 45.44. However, stock will show a bearish move below 44.2.

MUR Murphy Oil is falling or rising NEWS fundamental reasons

More announcements and NEWS

MUR Murphy Oil Corporation current price & indicator signals

Moving Averages for Murphy Oil Corporation

  • 5Day Average: 44.33
  • 12Day Average: 45.48
  • 20Day Average: 45.97
  • 50Day Average: 44.44
  • 100Day Average: 42.21
  • 150Day Average: 42.76
  • 200Day Average: 43.25

MUR Indicators & signals

Indicator MACD (12,26,9)

45.22, 45.38, 0.24
Indicator MACD is in negative zone

Indicator ADX (14)

0, 21.82, 21.82
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 41
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MUR Murphy Oil Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
06 Mon May 2024 44.48 44.39 to 45.31 0.75% 0.95 times
03 Fri May 2024 44.15 43.74 to 44.56 -0.16% 1.16 times
02 Thu May 2024 44.22 43.82 to 45.24 0.09% 1.3 times
01 Wed May 2024 44.18 43.68 to 44.87 -1.03% 1.16 times
30 Tue Apr 2024 44.64 44.57 to 46.52 -4.68% 1.08 times
29 Mon Apr 2024 46.83 46.37 to 46.91 0.84% 1.33 times
26 Fri Apr 2024 46.44 46.00 to 46.70 0.02% 0.63 times
25 Thu Apr 2024 46.43 45.60 to 46.62 0.45% 0.93 times
24 Wed Apr 2024 46.22 45.56 to 46.28 0.13% 0.68 times
23 Tue Apr 2024 46.16 45.36 to 46.49 0.24% 0.96 times
22 Mon Apr 2024 46.05 45.16 to 46.62 0.13% 0.77 times
19 Fri Apr 2024 45.99 45.14 to 46.14 1.77% 0.9 times

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