SUNCOR ENERGY INC (SU) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SU - CA8672241079 - Common Stock
48.97 USD
-0.68 (-1.37%)
49 USD
+0.03 (+0.06%)
Overall SU gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SU is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- SU is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 86% of 208 stocks in the same industry.
- SU is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SU has a been trading in the 42.09 - 50.12 range, which is quite wide. It is currently trading near the high of this range.
- SU has an average volume of 4752480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that SU is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SU has an excellent technical rating, it does not present a decent entry opportunity 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
49.46
When analyzing the support we can see 6 important areas.
- A support zone ranging from 44.30 to 44.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.21 to 42.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 41.07 to 41.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.10 from a horizontal line in the daily time frame.
- Support @38.70 from a horizontal line in the daily time frame.
- Support @37.45 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 | 85.41 | POSITIVE | SU has a high relative strength, it outperformed 85.41% 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) | 73.17 | OVERBOUGHT | The high RSI value suggests SU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests SU has a positive trend. |
| Stochastics (14,3) | 90.42 | OVERBOUGHT | The high Stochastics value suggests SU may be overbought. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for SU suggests some volalility. |
| Average Directional Index/ADX (14) | 24.45 | NEUTRAL | The ADX value for SU suggests a possible start of a new 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)
48.97
-0.68 (-1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.37%
1 Week6.99%
2 Weeks10.39%
1 Month15.99%
3 Month26.9%
6 Month26.05%
12 Month25.47%
2 Year47.86%
3 Year41.04%
5 Year192.71%
10 Year107.94%
15 Year17.97%
Volatility
ATR(14)1.28
ATR(20)%2.24%
ATR Inc32.62%
Range Today0.93
ADR(20)1.01
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.41
3 months CRS91.49
6 months CRS83.72
Mansfield1.13
10 Day High50.12
10 Day Low42.69
20 Day High50.12
20 Day Low42.09
52 Week High50.12
52 Week Low30.79
CS1 End44.99
CR1 StartN/A
Volume & EV
DER(3)-1.42%
DER(5)0.07%
Volume2.98M
Volume Incr0.33%
Vol(5)4.69M
Vol(50)4.75M
SUNCOR ENERGY INC / SU FAQ
What is the ChartMill technical rating of SUNCOR ENERGY INC (SU) stock?
ChartMill assigns a technical rating of 9 / 10 to SU.
Can you provide the trend direction for SUNCOR ENERGY INC?
The current trend direction for SUNCOR ENERGY INC (SU) is Bullish.
What is the RSI signal for SUNCOR ENERGY INC (SU) stock?
SUNCOR ENERGY INC (SU) has an RSI value of 73.1747. This indicates that the stock is currently overbought.
What is the MACD signal for SUNCOR ENERGY INC (SU) stock?
The MACD indicator for SUNCOR ENERGY INC (SU) has a value of 0.503406, indicating a bearish trend.
What is the short term momentum for SU stock?
The short term momentum for SUNCOR ENERGY INC (SU) is positive.