Trading Murphy Oil $MUR With Integrated Risk Controls
March 10, 2023, 03:00 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MUR
- Buy MUR slightly over 36.78 target 43.24 stop loss @ 36.67 Details
The technical summary data tells us to buy MUR near 36.78 with an upside target of 43.24. This data also tells us to set a stop loss @ 36.67 to protect against excessive loss in case the stock begins to move against the trade. 36.78 is the first level of support below 37.77 , and by rule, any test of support is a buy signal. In this case, support 36.78 would be being tested, so a buy signal would exist.
- Short MUR slightly under 43.24, target 36.78, stop loss @ 43.36 Details
The technical summary data is suggesting a short of MUR as it gets near 43.24 with a downside target of 36.78. We should have a stop loss in place at 43.36though. 43.24 is the first level of resistance above 37.77, and by rule, any test of resistance is a short signal. In this case, if resistance 43.24 is being tested, so a short signal would exist.
Swing Trading Plans for MUR
- Buy MUR slightly over 39.21, target 41.26, Stop Loss @ 39.1 Details
If 39.21 begins to break higher, the technical summary data tells us to buy MUR just slightly over 39.21, with an upside target of 41.26. The data also tells us to set a stop loss @ 39.1 in case the stock turns against the trade. 39.21 is the first level of resistance above 37.77, and by rule, any break above resistance is a buy signal. In this case, 39.21, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MUR slightly near 39.21, target 36.78, Stop Loss @ 39.32. Details
The technical summary data is suggesting a short of MUR if it tests 39.21 with a downside target of 36.78. We should have a stop loss in place at 39.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 39.21, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MUR
- Buy MUR slightly over 37.95, target 39.39, Stop Loss @ 37.86 Details
If 37.95 begins to break higher, the technical summary data tells us to buy MUR just slightly over 37.95, with an upside target of 39.39. The data also tells us to set a stop loss @ 37.86 in case the stock turns against the trade. 37.95 is the first level of resistance above 37.77, and by rule, any break above resistance is a buy signal. In this case, 37.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MUR slightly near 37.95, target 36.78, Stop Loss @ 38.04. Details
The technical summary data is suggesting a short of MUR if it tests 37.95 with a downside target of 36.78. We should have a stop loss in place at 38.04 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 37.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Murphy Oil (MUR) available here: MUR.
MUR Ratings for March 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
36.78 |
| P2 |
37.95 |
39.21 |
43.24 |
| P3 |
39.39 |
41.26 |
49.96 |
AI Generated Signals for MUR
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for MUR:
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