A1 Trading Advice (C) | Expected Gain 5%-6% | Naranj Capital

 BUY   Murphy USA (NYSE: MUSA)

Murphy USA - STOCK RECOMMENDATION

IdeaBUY
Buy Range420 – 426
Target446 – 450
StopLoss*below 410
Duration14-15 Trading Days
Potential Returns5% – 6%
IdeaBuy RangeTargetStopLoss*DurationPotential Returns
BUY420 – 426446 – 450below 41014-15 Trading Days5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

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Murphy USA - STOCK OVERVIEW

Murphy USA Inc. operates over 1,700 gasoline and convenience merchandise stores primarily in the Southwest, Southeast, Midwest, and Northeast regions of the United States. The company’s marketing segment includes retail stores, product supply, and wholesale assets. Murphy USA and Murphy Express are the main brand names for their retail gasoline stores, often located near Walmart Supercenters. They also market gasoline and other products through standalone stores under the Murphy Express and QuickChek brands. With a network in approximately 27 states, Murphy USA is a leading retailer in the industry. They distribute fuel to unbranded wholesale customers using their own distribution terminals and third-party pipelines.

Stock Data
TADAWUL Code MUSA
Sectoral Index Consumer Discretionary
52 Weeks High 429.59
52 Weeks Low 248.75

Murphy USA - RELATIVE STRENGTH

MURPHY-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Murphy USA —     NYSE Composite —

Murphy USA - TECHNICAL ANALYSIS (DAILY)

Murphy USA - Technical Analysis (Daily)
  • Price is in a strong uptrend and has continuously been making Higher Highs and Lows.
  • Every time after breakout, price came back to retest the breakout zone, which is considered very healthy for any stock.
  • With a fresh breakout, price might continue its trend and reach to the upper levels in coming days.

Murphy USA - ADX & DI

Murphy USA - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby up trending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Murphy USA - RSI

MURPHY-RSI
Murphy USA - RSI
  • Current RSI of this stock is 65.07, which indicates the strength of buyers.

Murphy USA - MA CROSS

MURPHY-MA CROSS
Murphy USA - MA Cross
  • The short length moving average (10 SMA) has just crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Murphy USA STOCK PRICE FORECAST

Based on our short term trading calls in USA stocks, Murphy USA stock price target will be USD 446 – USD 450 in the next 14-15 trading sessions.

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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