SUNCOR ENERGY INC (SU) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SU - CA8672241079 - Common Stock
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.
SU has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 44.31, a Stop Loss order could be placed below this zone.
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37.08
We found 4 important support areas.
- A support zone ranging from 44.29 to 44.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 39.99 to 40.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 38.16 to 38.70. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.44 to 45.21. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 78.75 | POSITIVE | SU has a high relative strength, it outperformed 78.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SU is below 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) | 58.07 | NEUTRAL | The RSI value for SU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests SU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.77 | NEUTRAL | The Stochastics value for SU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for SU suggests low volalility. |
| Average Directional Index/ADX (14) | 28.98 | 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 | 44.28 | 0.94 (2.08%) | 25.00% |
| An entry @45.22. This is a Buy Stop order right above the resistance zone. | An exit @44.28. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 2.08%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.52%. |
- The distance between exit and entry is rather small compared to the average daily movement of SU. Please evaluate whether better entry and exit points can be found.
- 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.
44.37
+0.06 (+0.14%)
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.
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 58.0661. 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 -0.178941, 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.