SUNOCO LP (SUN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SUN - US86765K1097
Overall SUN gets a technical rating of 6 out of 10. In the last year, SUN was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
SUN has an average technical rating and it also does not offer a high quality setup 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 5 important support areas.
- Support @55.69 from a trend line in the daily time frame.
- A support zone ranging from 52.82 to 53.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.40 from a trend line in the daily time frame.
- Support @49.98 from a horizontal line in the weekly time frame.
- 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 @56.26 from a trend line in the weekly time frame.
- A resistance zone ranging from 57.46 to 57.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 64.78 | 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) | 67.11 | 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. |
| Stochastics (14,3) | 92.15 | OVERBOUGHT | The high Stochastics value suggests SUN may be overbought. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for SUN suggests low volalility. |
| Average Directional Index/ADX (14) | 18.28 | NEGATIVE | The low ADX value for SUN suggests a weak or negative trend. |
56.11
+0.62 (+1.12%)
SUNOCO LP / SUN FAQ
Can you provide the ChartMill technical rating for SUNOCO LP?
ChartMill assigns a technical rating of 6 / 10 to SUN.
What is the current trend direction of SUNOCO LP (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 67.1132. This indicates that the stock is currently neutral.
What is the short term momentum for SUNOCO LP (SUN) stock?
The short term momentum for SUNOCO LP (SUN) is positive.
What is the support and resistance level for SUN stock?
SUNOCO LP (SUN) has a support level at 55.69 and a resistance level at 56.26. Check the full technical report for our detailed analysis of SUN support and resistance levels.