Murphy Oil Corp

MUR is in a Stage 2 advancing regime (corrective reset) with medium and long-term uptrends intact. A Bearish Exhaustion pattern in late June signaled sellers losing control and a bottoming attempt. Price has since recovered above the 9/21 EMAs and 50 DMA, but is now extended above EMAs and testing prior resistance, with Options Score at an upper extreme. We defer execution and will stalk a pullback into the rising EMAs or await clean acceptance above resistance before buying.

• ↑Produced 200k BOE/day in Q1, surpassing guidance targets
• ↑Generated $429M operating cash flow, supporting a 1.20% dividend
• ↓Negative profitability factors reflect challenges in consistent returns