SUNOCO LP (SUN) 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.
- SUN is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 60% are performing better than SUN.
- The long and short term trends are both positive. This is looking good!
- SUN is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SUN is leading the market.
- In the last month SUN has a been trading in the 55.07 - 65.24 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that SUN is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, SUN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for SUN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
49.48
We found 4 important support areas.
- A support zone ranging from 60.85 to 61.50. 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 56.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 54.68 to 55.13. 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 64.03 to 64.40. 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 | 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 | 77.37 | POSITIVE | SUN has a high relative strength, it outperformed 77.37% off all stocks 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) | 68.39 | NEUTRAL | The RSI value for SUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SUN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.44 | OVERBOUGHT | The high Stochastics value suggests SUN may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for SUN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.2 | 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 |
|---|---|---|---|
| 64.41 | 61.20 | 3.21 (4.98%) | 20.07% |
| An entry @64.41. This is a Buy Stop order right above the resistance zone. | An exit @61.20. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.21 points, which is 4.98%. | When investing 20.07% 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.
SUN Technicals: Chart, Performance Metrics, Trend & Indicators
64.02
-0.38 (-0.59%)
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 68.3904. 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 61.5 and a resistance level at 64.03. Check the full technical report for our detailed analysis of SUN support and resistance levels.