SUNCOR ENERGY INC (SU) Technical Analysis
NYSE:SU • CA8672241079
Current stock price
SU Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to SU. Both in the recent history as in the last year, SU has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SU did better than 93% of all other stocks. On top of that, SU also shows a nice and consistent pattern of rising prices.
- SU is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. SU outperforms 75% of them.
- SU is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SU is leading 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 5638840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SU Weekly and Daily overview Charts
SU Setup Rating and Analysis
Although SU has an excellent technical rating, the quality of the presented setup is not ideal 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
SU Support and Resistance Analysis
37.08
When analyzing the support we can see 7 important areas.
- A support zone ranging from 64.94 to 65.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 62.33 to 62.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @49.68 from a trend line in the weekly time frame.
- Support @43.21 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.
SU Technical Indicator Signal Analysis
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 | 93.02 | POSITIVE | SU has a high relative strength, it outperformed 93.02% 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) | 72.61 | OVERBOUGHT | The high RSI value suggests SU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests SU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.07 | NEUTRAL | The Stochastics value for SU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for SU suggests some volalility. |
| Average Directional Index/ADX (14) | 48.13 | POSITIVE | The high ADX value value for SU suggests a strong trend. |
SU Chart- and CandleStick Pattern Analysis
SU Example Setup
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 |
|---|---|---|---|
| 67.77 | 64.93 | 2.84 (4.19%) | 23.86% |
| An entry @67.77. This is a Buy Stop order right above the 10 day high. | An exit @64.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.84 points, which is 4.19%. | When investing 23.86% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
SU Technicals: Chart, Performance Metrics, Trend & Indicators
65.9
+0.96 (+1.48%)
SUNCOR ENERGY INC / SU TA 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 current trend direction of SUNCOR ENERGY INC (SU) stock?
The current trend direction for SUNCOR ENERGY INC (SU) is Bullish.
What is the RSI signal for SU stock?
SUNCOR ENERGY INC (SU) has an RSI value of 72.6129. This indicates that the stock is currently overbought.
Can you provide the MACD signal for SUNCOR ENERGY INC?
The MACD indicator for SUNCOR ENERGY INC (SU) has a value of 0.0578696, indicating a bearish trend.
What is the support and resistance level for SU stock?
SUNCOR ENERGY INC (SU) has a support level at 65.89. Check the full technical report for our detailed analysis of SU support and resistance levels.