SUNOCO LP (SUN) Technical Analysis
NYSE:SUN • US86765K1097
Current stock price
SUN Technical Rating and Analysis
Overall SUN gets a technical rating of 9 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, SUN is showing a nice and steady performance.
- SUN is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 66% are performing better than SUN.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SUN did better than 71% of all other stocks.
- SUN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SUN is lagging the market slightly.
- In the last month SUN has a been trading in the 62.00 - 67.82 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Considerably lower volume is observed in the last couple of days.
SUN Weekly and Daily overview Charts
SUN Setup Rating and Analysis
SUN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 67.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 64.96, a Stop Loss order could be placed below this zone.
More info and screens
SUN Support and Resistance Analysis
49.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 64.74 to 64.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 55.83 to 56.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.98 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 67.01 to 67.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
SUN 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 SUN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SUN is up. |
| ChartMill Relative Strength | 71.54 | POSITIVE | SUN has a high relative strength, it outperformed 71.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SUN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SUN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SUN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.4 | NEUTRAL | The RSI value for SUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests SUN has a negative trend. |
| Stochastics (14,3) | 60.21 | NEUTRAL | The Stochastics value for SUN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for SUN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.95 | NEGATIVE | The low ADX value for SUN suggests a weak or negative trend. |
SUN Chart- and CandleStick Pattern Analysis
SUN 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 |
|---|---|---|---|
| 67.27 | 64.73 | 2.54 (3.78%) | 25.00% |
| An entry @67.27. This is a Buy Stop order right above the resistance zone. | An exit @64.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.54 points, which is 3.78%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SUN. 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.
SUN Technicals: Chart, Performance Metrics, Trend & Indicators
65.06
-0.69 (-1.05%)
SUNOCO LP / SUN TA FAQ
Can you provide the ChartMill technical rating for SUNOCO LP?
ChartMill assigns a technical rating of 9 / 10 to SUN.
What is the current trend direction of SUNOCO LP (SUN) stock?
The current trend direction for SUNOCO LP (SUN) is Bullish.
What is the RSI signal for SUN stock?
SUNOCO LP (SUN) has an RSI value of 52.3955. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SUNOCO LP?
The MACD indicator for SUNOCO LP (SUN) has a value of -0.23309, indicating a bearish trend.
What is the short term momentum for SUNOCO LP (SUN) stock?
The short term momentum for SUNOCO LP (SUN) is positive.