Murphy USA Inc Stock Forecast
Murphy USA Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)
The Murphy USA Inc stock price gained 1.06% on the last trading day (Friday, 19th Apr 2024), rising from $412.85 to $417.23. During the last trading day the stock fluctuated 1.80% from a day low at $412.03 to a day high of $419.45. The price has risen in 6 of the last 10 days but is still down by -0.15% for this period. Volume fell on the last day by -25 thousand shares and in total, 141 thousand shares were bought and sold for approximately $58.94 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.68% during the next 3 months and, with a 90% probability hold a price between $476.59 and $514.79 at the end of this 3-month period.
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MUSA Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -2.28%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Murphy USA Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $415.38 and $415.19. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Murphy USA Inc stock
Murphy USA Inc finds support from accumulated volume at $401.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $7.42 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: $400.73 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (MUSA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Murphy USA Inc to open at $416.24, and during the day (based on 14 day Average True Range), to move between $408.75 and $425.71, which gives a possible trading interval of +/-$8.48 (+/-2.03%) up or down from last closing price. If Murphy USA Inc takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $419.29 (0.49%) than the support at $401.39 (3.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Murphy USA Inc stock A Buy?
Murphy USA Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.071 Hold/Accumulate Upgraded
Predicted Opening Price for Murphy USA Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $416.24 ( 0.238%) | $417.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUSA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 423.65 | 1.54 % | |
| R2 | 420.82 | 0.86 % | ||
| R1 | 419.07 | 0.440 % | ||
| Current price: | 417.23 | |||
| Support | S1 | 413.40 | -0.92 % | |
| S2 | 411.65 | -1.34 % | ||
| S3 | 408.82 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 426.97 | 2.33 % | |
| R2 | 421.11 | 0.93 % | ||
| R1 | 419.29 | 0.494 % | ||
| Current price | 417.23 | |||
| Support | S1 | 401.39 | -3.80% | |
| S2 | 393.71 | -5.64% | ||
| S3 | 359.89 | -13.74% |
MUSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Feb 23, 2024 | Mar 07, 2024 | $0.420 | 0.100% |
| 2 | Oct 26, 2023 | Nov 03, 2023 | Dec 01, 2023 | $0.410 | 0.111% |
| 3 | Aug 25, 2023 | Aug 25, 2023 | Sep 07, 2023 | $0.390 | 0.125% |
| 4 | May 04, 2023 | May 12, 2023 | Jun 01, 2023 | $0.380 | 0.135% |
| 5 | Feb 09, 2023 | Feb 17, 2023 | Mar 01, 2023 | $0.370 | 0.145% |
FAQ
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