Sunoco LP (SUN)       37.3  +1.07 (+2.95%)

37.3  +1.07 (+2.95%)

US86765K1097 - After market: 37.4 +0.1 (+0.27%)

Technical Rating

We assign a technical rating of 1 out of 10 to SUN. SUN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, SUN did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
SUN is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 41% of 403 stocks in the same industry.
SUN is currently trading in the lower part of its 52 week range. But, the S&P500 Index is also trading in the lower part of its yearly range, so SUN is not an exception.
SUN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Statistics

1 Month 3 Months 6 Months 12 Months -9.38% -10.29% -4.63% -0.51% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 74.57 34.2601 - 46.9499
SUN Weekly chart
SUN Daily chart

Support/Resistance Analysis


35.24

43.58
When analyzing the support we notice one important area.
  • A support zone ranging from 35.60 to 35.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
  • A resistance zone ranging from 39.76 to 40.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @41.60 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 42.36 to 43.15. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

SUN has a poor technical rating and the quality of the setup is also not perfect 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.


SUN Daily chart

Sunoco LP37.3

NYSE:SUN (6/24/2022, 7:08:40 PM)+1.07 (+2.95%)

After market: 37.4 +0.1 (+0.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 2.95% 1 Week 4.1%
2 Weeks -11.06% 1 Month -9.38%
3 Month -10.29% 6 Month -4.63%
Volatility
ATR(14) 1.61 ATR(20)% 3.77%
ATR Inc 12.36% Range Today 1.09
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 74.57 Mansfield 0.46
10 Day High 41.91 10 Day Low 34.26
20 Day High 43.55 20 Day Low 34.26
52 Week High 46.95 52 Week Low 34.26
CS1 End 35.6 CR1 Start 39.76
Volume & EV
DER(3) 3.62% DER(5) 1.07%
Volume 349.10K Volume Incr 58.91%
Vol(5) 430.74K Vol(50) 300.42K

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