SUNCOR ENERGY INC (SU) Technical Analysis
NYSE:SU • CA8672241079
Current stock price
SU Technical Rating and Analysis
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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SU is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by SU over the past year are nicely spread over this period.
- SU is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. SU outperforms 77% of them.
- 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 has an average volume of 5722770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SU has a been trading in the 59.24 - 67.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SU Weekly and Daily overview Charts
SU Setup Rating and Analysis
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 66.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 64.43, a Stop Loss order could be placed below this zone.
More info and screens
SU Support and Resistance Analysis
38.31
4 important support areas can be observed.
- A support zone ranging from 63.39 to 64.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.59 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 66.66 to 66.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 91.33 | POSITIVE | SU has a high relative strength, it outperformed 91.33% 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) | 59.79 | NEUTRAL | The RSI value for SU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests SU has a negative trend. |
| Stochastics (14,3) | 42.51 | NEUTRAL | The Stochastics value for SU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for SU suggests some volalility. |
| Average Directional Index/ADX (14) | 37.22 | 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 |
|---|---|---|---|
| 66.80 | 63.38 | 3.42 (5.12%) | 19.53% |
| An entry @66.80. This is a Buy Stop order right above the resistance zone. | An exit @63.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.42 points, which is 5.12%. | When investing 19.53% 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
64.84
+0.41 (+0.64%)
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 59.7867. 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 -0.446169, indicating a bearish trend.
What is the support and resistance level for SU stock?
SUNCOR ENERGY INC (SU) has a support level at 64.43 and a resistance level at 66.66. Check the full technical report for our detailed analysis of SU support and resistance levels.