Murphy Oil $MUR Investment Report

May 26, 2023, 07:15 amET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MUR

• Buy MUR slightly over 33.85 target 40.21 stop loss @ 33.75 Details

The technical summary data tells us to buy MUR near 33.85 with an upside target of 40.21. This data also tells us to set a stop loss @ 33.75 to protect against excessive loss in case the stock begins to move against the trade. 33.85 is the first level of support below 36.1 , and by rule, any test of support is a buy signal. In this case, support 33.85 would be being tested, so a buy signal would exist.

• Short MUR slightly under 40.21, target 33.85, stop loss @ 40.33 Details

The technical summary data is suggesting a short of MUR as it gets near 40.21 with a downside target of 33.85. We should have a stop loss in place at 40.33though. 40.21 is the first level of resistance above 36.1, and by rule, any test of resistance is a short signal. In this case, if resistance 40.21 is being tested, so a short signal would exist.

Swing Trading Plans for MUR

• Buy MUR slightly over 37.76, target 40.21, Stop Loss @ 37.65 Details

If 37.76 begins to break higher, the technical summary data tells us to buy MUR just slightly over 37.76, with an upside target of 40.21. The data also tells us to set a stop loss @ 37.65 in case the stock turns against the trade. 37.76 is the first level of resistance above 36.1, and by rule, any break above resistance is a buy signal. In this case, 37.76, 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 37.76, target 36.01, Stop Loss @ 37.87. Details

The technical summary data is suggesting a short of MUR if it tests 37.76 with a downside target of 36.01. We should have a stop loss in place at 37.87 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, 37.76, 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 36.65, target 37.95, Stop Loss @ 36.56 Details

If 36.65 begins to break higher, the technical summary data tells us to buy MUR just slightly over 36.65, with an upside target of 37.95. The data also tells us to set a stop loss @ 36.56 in case the stock turns against the trade. 36.65 is the first level of resistance above 36.1, and by rule, any break above resistance is a buy signal. In this case, 36.65, 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 36.65, target 36.01, Stop Loss @ 36.74. Details

The technical summary data is suggesting a short of MUR if it tests 36.65 with a downside target of 36.01. We should have a stop loss in place at 36.74 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, 36.65, 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.

MUR Ratings for May 26:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	33.85
P2	36.65	36.01	40.21
P3	37.95	37.76	46.97

Chart of MUR with Longer Term Pivots

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Murphy Oil (NYSE: MUR) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MUR change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MUR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MUR too.  All of these are offered below the Summary Table.