Murphy Oil Technical Analysis (NYSE:MUR)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Murphy Oil stock price data and volume are plotted in MUR stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Murphy Oil. The technical analysis form of Murphy Oil stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Murphy Oil Moving Average
Moving averages help predict the price direction of MUR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $27.46 is below the price of $30.38.
Murphy Oil Bollinger Bands
Bollinger bands comprise of a center line usually MUR SMA, and two MUR stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Murphy Oil bollinger bands.
Murphy Oil Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Murphy Oil MACD indicator can be used to identify bullish and bearish trends for the stock.
Murphy Oil Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of MUR stock is 85.22.