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MUR Stock Tickeron detected bearish Stock Pattern: Cup-and-Handle Inverse MUR on April 30, 2024, netting in a 12.30% gain over 1 month

A.I.dvisor
at Tickeron.com
06/04/24
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+12.30% Gain from a Successful pattern Cup-and-Handle Inverse
MUR - Murphy Oil Corp
Ticker: MUR
Company: Murphy Oil
Gain from shortening: +12.3%
Confirmed: 04/30/24
Succeeded: 06/04/24
Total length: 43 days
On April 22, 2024, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for Murphy Oil Corp (MUR, $45.73). 8 days later, on April 30, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On June 04, 2024, the stock hit the target price of $40.53 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

MUR in downward trend: price dove below 50-day moving average on August 01, 2024

MUR moved below its 50-day moving average on August 01, 2024 date and that indicates a change from an upward trend to a downward trend. In of 46 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

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MUR
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General Information

a company which engages in oil and gas exploration and production

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
Oil And Gas Production
Address
9805 Katy Freeway
Phone
+1 281 675-9000
Employees
725
Web
https://www.murphyoilcorp.com