SUNCOR ENERGY INC (SU) Technical Analysis
NYSE:SU • CA8672241079
Overall SU gets a technical rating of 10 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.
- Looking at the yearly performance, SU did better than 90% of all other stocks. On top of that, SU also shows a nice and consistent pattern of rising prices.
- SU is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 73% of 207 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.
- SU is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- SU has an average volume of 5324200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, SU also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 57.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.92, a Stop Loss order could be placed below this zone.
More info and screens
37.08
When analyzing the support we can see 6 important areas.
- A support zone ranging from 55.49 to 56.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.04 to 48.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.63 from a trend line in the weekly time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.29 to 57.79. 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 | UP | POSITIVE | The short term trend for SU is up. |
| ChartMill Relative Strength | 90.41 | POSITIVE | SU has a high relative strength, it outperformed 90.41% 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) | 63.33 | NEUTRAL | The RSI value for SU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests SU has a negative trend. |
| Stochastics (14,3) | 63.68 | NEUTRAL | The Stochastics value for SU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for SU suggests some volalility. |
| Average Directional Index/ADX (14) | 40.11 | 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 |
|---|---|---|---|
| 57.80 | 55.48 | 2.32 (4.01%) | 24.91% |
| An entry @57.80. This is a Buy Stop order right above the resistance zone. | An exit @55.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.32 points, which is 4.01%. | When investing 24.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
SU Technicals: Chart, Performance Metrics, Trend & Indicators
57.28
-0.12 (-0.21%)
SUNCOR ENERGY INC / SU FAQ
What is the ChartMill technical rating of SUNCOR ENERGY INC (SU) stock?
ChartMill assigns a technical rating of 10 / 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 63.3321. This indicates that the stock is currently neutral.
What is the MACD signal for SUNCOR ENERGY INC (SU) stock?
The MACD indicator for SUNCOR ENERGY INC (SU) has a value of -0.187142, indicating a bearish trend.
What is the short term momentum for SU stock?
The short term momentum for SUNCOR ENERGY INC (SU) is positive.