SUNCOR ENERGY INC (SU) Stock Technical Analysis
USA - NYSE:SU - CA8672241079 - Common Stock
Overall SU gets a technical rating of 4 out of 10. In the last year, SU was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
SU has an average technical rating and also 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.
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33.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 38.16 to 39.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.45 from a horizontal line in the daily time frame.
- Support @34.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @41.53 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 42.63 to 43.03. 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 | NEUTRAL | NEUTRAL | The long term trend for SU is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SU is neutral. |
| ChartMill Relative Strength | 51.19 | NEUTRAL | SU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SU is above 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) | 49.56 | NEUTRAL | The RSI value for SU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SU has a positive trend. |
| Stochastics (14,3) | 66.93 | NEUTRAL | The Stochastics value for SU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for SU suggests low volalility. |
| Average Directional Index/ADX (14) | 19.2 | NEGATIVE | The low ADX value for SU suggests a weak or negative trend. |
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+0.37 (+0.93%)
SUNCOR ENERGY INC / SU FAQ
What is the ChartMill technical rating of SUNCOR ENERGY INC (SU) stock?
ChartMill assigns a technical rating of 4 / 10 to SU.
What is the trend direction for SU stock?
The current trend direction for SUNCOR ENERGY INC (SU) is Bearish.
Can you provide the RSI signal for SUNCOR ENERGY INC?
SUNCOR ENERGY INC (SU) has an RSI value of 49.5604. 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 0.102013, 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 neutral.