Murphy USA Technical Analysis (NYSE:MUSA)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. A MUSA stock chart pattern can give those who understand technical analysis an indication of which way MUSA stock is headed, but cannot predict with 100% certainty as to what can happen to the Murphy USA stock price.
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 USA. The technical analysis form of Murphy USA 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 USA Moving Average:
MUSA stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Murphy USA chart patterns after the calculations remain the same. The 100 day moving average of 69.36 is above the last closing price of 66.93. A rise in trend over the long term indicates a long term uptrend. Similarly a falling MUSA moving average implies that Murphy USA stock price is falling.
Murphy USA Bollinger Bands:
Bollinger bands comprise of a center line usually MUSA SMA, and two MUSA stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $66.93 is in the lower range of Murphy USA bollinger bands.
Murphy USA Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Murphy USA MACD line is above the signal line.
Murphy USA Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of MUSA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .