Black and White Morality: The good guys do good things. The bad guys do bad things. The good guys need to triumph over the bad guys to stop them.
Grey Morality: The good guys sometimes do bad things, or good things for bad reasons. The bad guys sometimes do good things, or bad things for good reasons. The motives for conflict are called into question as a major component of the narrative.
Morally Ambiguous: There may be protagonists and antagonists (or not), but there are only characters, no designated heroes and villains (even if some characters are utterly reprehensible or mostly virtuous). Whose side you’re on probably depends more on your perspective than the story’s.
Reversed Morality: The bad guys do bad things, but we’re telling the story from their perspective rather than the good guys’. They are still bad, however.
Moral Dissonance: Experiencing, from the audience, severe disagreement with the morality espoused by the story’s narrative (i.e. the good guys are supposed to be good, but your assessment of ‘good’ and the author’s are not aligned).