MURPHY OIL CORP. - Daily - Technical analysis published on 06/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 24.72 USD
My targets
22.53 USD (-7.02%)
20.00 USD (-17.46%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MURPHY OIL CORP. as long as the price remains well below 24.72 USD. The next bearish objective for sellers is set at 22.53 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.00 USD. If there is any crossing, the next objective would be the support located at 15.76 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MURPHY OIL CORP. price is 24.23 USD. The price is lower by -2.14% since the last closing with the lowest point at 23.94 USD and the highest point at 24.99 USD. The deviation from the price is +1.21% for the low point and -3.04% for the high point.23.94
24.99
24.23
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of MURPHY OIL CORP. in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.76 | 20.00 | 22.53 | 24.23 | 24.72 | 28.09 | 29.43 |
| Change (%) | -34.96% | -17.46% | -7.02% | - | +2.02% | +15.93% | +21.46% |
| Change | -8.47 | -4.23 | -1.70 | - | +0.49 | +3.86 | +5.20 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.77 | 24.17 | 24.46 | 24.86 | 25.15 | 25.55 | 25.84 |
| Camarilla | 24.57 | 24.63 | 24.70 | 24.76 | 24.82 | 24.89 | 24.95 |
| Woodie | 23.73 | 24.14 | 24.42 | 24.83 | 25.10 | 25.52 | 25.80 |
| Fibonacci | 24.17 | 24.43 | 24.59 | 24.86 | 25.12 | 25.28 | 25.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.11 | 22.08 | 23.51 | 24.47 | 25.90 | 26.87 | 28.29 |
| Camarilla | 24.27 | 24.49 | 24.71 | 24.93 | 25.15 | 25.37 | 25.59 |
| Woodie | 21.34 | 22.20 | 23.73 | 24.59 | 26.13 | 26.98 | 28.52 |
| Fibonacci | 22.08 | 23.00 | 23.56 | 24.47 | 25.39 | 25.95 | 26.87 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.68 | |
| MACD (12,26,9): | -0.3800 | |
| Directional Movement: | -9.00 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 23.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.63 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 25.71 | |
| Zig ZAG (10): | 24.23 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 58.58 | |
| TEMA (21): | 24.19 | |
| Williams %R (14): | -50.28 | |
| Chande Momentum Oscillator (20): | 0.57 | |
| Repulse (5,40,3): | -4.6200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3400 | |
| Courbe Coppock: | 2.07 |
| MA7: | 24.58 | |
| MA20: | 24.18 | |
| MA50: | 25.80 | |
| MA100: | 27.30 | |
| MAexp7: | 24.42 | |
| MAexp20: | 24.56 | |
| MAexp50: | 25.58 | |
| MAexp100: | 26.64 | |
| Price / MA7: | -1.42% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | -6.09% | |
| Price / MA100: | -11.25% | |
| Price / MAexp7: | -0.78% | |
| Price / MAexp20: | -1.34% | |
| Price / MAexp50: | -5.28% | |
| Price / MAexp100: | -9.05% |
News
The last news published on MURPHY OIL CORP. at the time of the generation of this analysis was as follows:
- Murphy Oil Corporation Announces Leadership Changes
- Murphy Oil Corporation Announces Dividend
- Detailed Research: Economic Perspectives on Control4, REGENXBIO, Ferro, Kadmon, Hemispherx BioPharma, and Murphy Oil — What Drives Growth in Today's Competitive Landscape
- Murphy Oil Corporation to Host Earnings Call
- Murphy Oil Corp. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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