In short, having positive morale eliminates the possibility of negative morale occurring, and in the case of luck, only a positive effect is possible.
And even shorter:
MORALE: (+3; +2; +1; 0; -1; -2; -3) + possible unintentional change in a negative direction as a result of various activities on the map
LUCK: (+3; +2; +1; 0; 0; 0; 0) + no negative effects, as in the case of morale.
*creatures that do not have morale are not taken into account, such as the Death Knight and the Water Elemental
**positive effects of morale and luck obtained by visiting various places on the map are not taken into account, as in both cases, the effect is equivalent