SUNCOR ENERGY INC (SU) Stock Technical Analysis
NYSE:SU - CA8672241079 - Common Stock
39.04 USD
+0.44 (+1.14%)
39.2 USD
+0.16 (+0.41%)
We assign a technical rating of 5 out of 10 to SU. SU has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
SU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SU is lagging the market slightly.
SU has an average volume of 4035610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SU turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
SU is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, SU did better than 60% of them.
In the last month SU has a been trading in a tight range between 38.25 and 40.38.
Although the technical rating is only medium, SU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 40.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.82, a Stop Loss order could be placed below this zone.
More info and screens
32.86
42.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 38.35 to 38.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.91 from a trend line in the weekly time frame.
- Support @33.19 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Strong resistance @40.11 from a horizontal line in the daily time frame.
- Resistance @40.82 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 41.53 to 41.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for SU is neutral. |
| ChartMill Relative Strength | 46.9 | NEUTRAL | SU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SU is below 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) | 51.58 | NEUTRAL | The RSI value for SU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.52 | OVERSOLD | The low Stochastics value suggests SU may be oversold. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for SU suggests low volalility. |
| Average Directional Index/ADX (14) | 10.24 | NEGATIVE | The low ADX value for SU suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
39.04
+0.44 (+1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.14%
1 Week0.13%
2 Weeks0.03%
1 Month-1.66%
3 Month9.33%
6 Month-1.14%
12 Month-4.41%
2 Year15.23%
3 Year20.79%
5 Year143.54%
10 Year38.24%
15 Year29.02%
Volatility
ATR(14)0.66
ATR(20)%1.66%
ATR Inc-20.17%
Range Today0.65
ADR(20)0.62
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.9
Mansfield-0.47
10 Day High39.63
10 Day Low38.25
20 Day High40.39
20 Day Low38.25
52 Week High41.95
52 Week Low30.79
CS1 End38.82
CR1 Start40.11
Volume & EV
DER(3)1.41%
DER(5)0.76%
Volume4.69M
Volume Incr23.84%
Vol(5)3.89M
Vol(50)4.04M