Ichimoku Technical Watch for Murphy USA Inc. (NYSE:MUSA): Cloud Base Line at 77.59

Investors may be looking for solid stocks to add to the portfolio. Sometimes, investors may choose to go against the grain and try something that nobody else is doing. This typically comes with plenty of time and research examining those appealing stocks. Digging into the fundamentals as well as tracking technical levels can help separate the winners from the losers. Investors who are able to keep the required temperament may be able to cope with market volatility and get positioned to take advantage of any opportunity that presents itself. 

Traders have the ability to use many different indicators when studying stocks. The Ichimoku Cloud is a highly popular indicator that helps display support and resistance. Looking at some Ichimoku levels for Murphy USA Inc. (NYSE:MUSA), we note that the Ichimoku Cloud Base Line level is 77.59. The Ichimoku Could Conversion Line reading is 75.67. From another angle, the Ichimoku Lead 1 is presently 81.065, and the Lead 2 level is 76.54.

Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of Murphy USA Inc. (NYSE:MUSA), we see that the stock’s latest close price was 75.09. Tracking historical price information can help investors see the bigger picture when looking at a stock. Since the beginning of the year, shares have seen a change of -1.9572026. Over the last full year, shares have moved 0.8861439. Bringing the focus in, the stock has changed -5.8749843 over the past three months, -5.8749843 over the last month, and -1.3263296 over the last week. Traders will be closely watching to see what happens to the stock price over the next couple of sessions.

Technical analysts will note that the Awesome Oscillator reading is presently -2.7246764. This oscillator may fluctuate above and below a zero line and can be used to create a wide variety of trading signals.

Looking at the stock’s volatility, we note that the current reading is 1.7423015. High volatility may show how the stock’s value can possibly be spread out over a larger range of values. Lower volatility points to the fact that a stock tends to be steadier. Weekly stock volatility clocks in at 1.9560293 while volatility for the month comes in at 2.3772511. The current Bull Bear Power reading for the stock is -0.6751249.

The Donchian Channels indicator can be used to figure out if a market is overbought or oversold. A price breakthrough of either the upper or lower band may signal these conditions. The current reading for the 20 day lower band is 72.18. The current reading for the 20 day upper band is 77.14.

Scanning the levels on shares of Murphy USA Inc. (NYSE:MUSA), investors might be seeing how close the current price is in relation to some historical high and low prices. Looking out over the previous 3 months, we note that the high/low is 83.49/69.98. Over the past 1 month, the high/low is 83.14/72.07. Looking back over the last full-year, the high price is 88.34, and the low price sits at 61.05. For the last six months, the high was seen at 88.34, and the low was noted at
69.98.

Traders often use pivot point analysis to calculate proper support and resistance levels. Pivot points can be used as markers for traders to identify entry and exit positions. We can now take a look at some one month pivot points:

Fibonacci: 74.97667
Fibonacci support 1: 73.08195
Fibonacci support 2: 71.911385
Woodie: 75.095
Woodie support 1: 73.05
Woodie resistance 1: 78.01
Camarilla: 74.97667
Classic: 74.97667
Classic resistance 1: 77.77333
Classic support 1: 72.81333

Investors often have to make decisions on what to do with stocks that have unperformed. Maybe things didn’t pan out the right way, even after combing through the numbers. Sometimes it may be difficult to let go of a stock that isn’t up to par. Knowing when to cut a loser from the portfolio can be a useful skill for the individual investor. On the flip side, investors may have to decide whether to sell a winner. There may be occasions when a stock goes through the roof without any notice. The tricky part may be figuring out whether to cash in, or keep riding the wave. Heading into the next few quarters, investors will be trying to make sure they have all the bases covered. 

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