SUNCOR ENERGY INC (SU) Stock Technical Analysis
USA - NYSE:SU - CA8672241079 - Common Stock
Taking everything into account, SU scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SU is only an average performer.
SU has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
37.08
We found 3 important support areas.
- A support zone ranging from 41.25 to 41.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.16 to 40.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.45 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @45.21 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SU is up. |
| ChartMill Relative Strength | 77.07 | POSITIVE | SU has a high relative strength, it outperformed 77.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.69 | NEUTRAL | The RSI value for SU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests SU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.96 | OVERBOUGHT | The high Stochastics value suggests SU may be overbought. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for SU suggests some volalility. |
| Average Directional Index/ADX (14) | 35.92 | POSITIVE | The high ADX value value for SU suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 45.22 | 42.25 | 2.97 (6.57%) | 15.23% |
| An entry @45.22. This is a Buy Stop order right above the resistance zone. | An exit @42.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.97 points, which is 6.57%. | For a 1.00% total portfolio risk, you can invest 15.23% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.32
-0.35 (-0.78%)
SUNCOR ENERGY INC / SU FAQ
What is the ChartMill technical rating of SUNCOR ENERGY INC (SU) stock?
ChartMill assigns a technical rating of 8 / 10 to SU.
What is the trend direction for SU stock?
The current trend direction for SUNCOR ENERGY INC (SU) is Bullish.
Can you provide the RSI signal for SUNCOR ENERGY INC?
SUNCOR ENERGY INC (SU) has an RSI value of 65.6939. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SUNCOR ENERGY INC?
The MACD indicator for SUNCOR ENERGY INC (SU) has a value of 0.241517, indicating a bearish trend.
What is the short term momentum for SUNCOR ENERGY INC (SU) stock?
The short term momentum for SUNCOR ENERGY INC (SU) is positive.