SUNOCO LP (SUN) Stock Technical Analysis
NYSE:SUN • US86765K1097
Overall SUN gets a technical rating of 8 out of 10. Although SUN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by SUN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SUN has a been trading in the 55.07 - 63.87 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, SUN outperforms 66% of them, which is more or less in line with the market.
- SUN is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 44% of 206 stocks in the same industry.
SUN has an excellent technical rating, but the quality of the setup is only medium 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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49.48
When analyzing the support we can see 4 important areas.
- A support zone ranging from 59.99 to 60.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 56.91 to 57.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.45 to 54.84. 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.
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 | 66.92 | 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) | UP | POSITIVE | The current price of SUN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.81 | OVERBOUGHT | The high RSI value suggests SUN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests SUN has a positive trend. |
| Stochastics (14,3) | 89.99 | OVERBOUGHT | The high Stochastics value suggests SUN may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for SUN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.64 | NEUTRAL | The ADX value for SUN suggests a possible start of a new 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 |
|---|---|---|---|
| 63.88 | 55.06 | 8.82 (13.81%) | 7.24% |
| An entry @63.88. This is a Buy Stop order right above the 10 day high. | An exit @55.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.82 points, which is 13.81%. | When investing 7.24% 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.
63.79
+0.67 (+1.06%)
SUNOCO LP / SUN FAQ
Can you provide the ChartMill technical rating for SUNOCO LP?
ChartMill assigns a technical rating of 8 / 10 to SUN.
What is the current trend direction of SUNOCO LP (SUN) stock?
The current trend direction for SUNOCO LP (SUN) is Bullish.
Can you provide the RSI signal for SUNOCO LP?
SUNOCO LP (SUN) has an RSI value of 73.8072. This indicates that the stock is currently overbought.
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 60. Check the full technical report for our detailed analysis of SUN support and resistance levels.