Murphy USA Inc Stock Forecast
Evaluation of Murphy USA Inc stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The Murphy USA Inc stock price fell by -1.96% on the last day (Thursday, 18th Apr 2024) from $421.11 to $412.85. During the last trading day the stock fluctuated 2.75% from a day low at $412.11 to a day high of $423.43. The price has risen in 6 of the last 10 days but is still down by -0.09% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -165 thousand shares and in total, 166 thousand shares were bought and sold for approximately $68.62 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $408.83 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.20% during the next 3 months and, with a 90% probability hold a price between $479.14 and $516.29 at the end of this 3-month period.
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MUSA Signals & Forecast
There are few to no technical positive signals at the moment. The Murphy USA Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $414.77 and $415.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -3.31%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 $11.32 between high and low, or 2.75%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MUSA) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Murphy USA Inc to open at $416.13, and during the day (based on 14 day Average True Range), to move between $404.29 and $421.41, which gives a possible trading interval of +/-$8.56 (+/-2.07%) up or down from last closing price. If Murphy USA Inc takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $412.93 (0.02%) than the support at $401.39 (2.78%), 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?
The Murphy USA Inc stock holds several negative signals and despite the positive trend, we believe Murphy USA Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Sell candidate.
Current score: -4.377 Sell Candidate Downgraded
Predicted Opening Price for Murphy USA Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $416.13 ( 0.794%) | $412.85 |
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 | 427.45 | 3.54 % | |
| R2 | 423.13 | 2.49 % | ||
| R1 | 420.45 | 1.84 % | ||
| Current price: | 412.85 | |||
| Support | S1 | 411.81 | -0.253 % | |
| S2 | 409.13 | -0.90 % | ||
| S3 | 404.81 | -1.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 421.11 | 2.00 % | |
| R2 | 413.22 | 0.0896 % | ||
| R1 | 412.93 | 0.0194 % | ||
| Current price | 412.85 | |||
| Support | S1 | 401.39 | -2.78% | |
| S2 | 393.71 | -4.64% | ||
| S3 | 359.89 | -12.83% |
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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