SUNOCO LP (SUN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SUN - US86765K1097
Overall SUN gets a technical rating of 7 out of 10. SUN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although SUN 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.
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47.93
We found 1 important support area.
- A support zone ranging from 48.41 to 49.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @56.69 from a trend line in the weekly time frame.
- Resistance @57.73 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 59.21 to 59.26. 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 SUN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SUN is up. |
| ChartMill Relative Strength | 59.15 | NEUTRAL | SUN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SUN is above 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) | DOWN | MIXED | The current price of SUN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.22 | NEUTRAL | The RSI value for SUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests SUN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.12 | OVERBOUGHT | The high Stochastics value suggests SUN may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for SUN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.7 | POSITIVE | The high ADX value value for SUN 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 |
|---|---|---|---|
| 56.70 | 51.13 | 5.57 (9.83%) | 10.18% |
| An entry @56.70. This is a Buy Stop order right above the resistance zone. | An exit @51.13. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.57 points, which is 9.83%. | For a 1.00% total portfolio risk, you can invest 10.18% of your capital in this trade. |
- 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.
56.23
+0.28 (+0.5%)
SUNOCO LP / SUN FAQ
Can you provide the ChartMill technical rating for SUNOCO LP?
ChartMill assigns a technical rating of 7 / 10 to SUN.
What is the trend direction for SUN stock?
The current trend direction for SUNOCO LP (SUN) is Bearish.
Can you provide the RSI signal for SUNOCO LP?
SUNOCO LP (SUN) has an RSI value of 69.215. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for SUNOCO LP?
SUNOCO LP (SUN) has a support level at 49.11 and a resistance level at 56.69. Check the full technical report for our detailed analysis of SUN support and resistance levels.