Murphy USA Inc (MUSA): Price Now Near $147.21; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for MUSA

At the time of this writing, MUSA (Get Ratings)’s price is down $-1.7 (-1.14%) from the hour prior. This is the 2nd hour in a row MUSA has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Retail stocks, MUSA ranks 141st in regards to today’s price percentage change.

MUSA’s Technical Outlook on the Daily Chart

Currently, MUSA’s price is down $-2.15 (-1.44%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, with price now being below it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Murphy USA Inc’s price action over the past 90 days can be seen via the chart below.



MUSA: Daily RSI Analysis

  • MUSA’s RSI now stands at 17.1196.
  • MUSA and RSI may be exhibiting divergent trends. This may be something to monitor.

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