SUNCOR ENERGY INC (SU) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SU - CA8672241079 - Common Stock
Overall SU gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
SU has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 44.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
37.08
4 important support areas can be observed.
- A support zone ranging from 42.45 to 43.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.10 to 40.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 38.16 to 38.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.79 to 45.21. 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 SU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SU is neutral. |
| ChartMill Relative Strength | 74.24 | POSITIVE | SU has a high relative strength, it outperformed 74.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.13 | NEUTRAL | The RSI value for SU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests SU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.18 | NEUTRAL | The Stochastics value for SU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for SU suggests low volalility. |
| Average Directional Index/ADX (14) | 23.08 | NEUTRAL | The ADX value for SU 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 |
|---|---|---|---|
| 44.50 | 42.44 | 2.06 (4.63%) | 21.60% |
| An entry @44.50. This is a Buy Stop order right above the 10 day high. | An exit @42.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.06 points, which is 4.63%. | When investing 21.60% 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.
43.24
+0.08 (+0.19%)
SUNCOR ENERGY INC / SU FAQ
What is the ChartMill technical rating of SUNCOR ENERGY INC (SU) stock?
ChartMill assigns a technical rating of 7 / 10 to SU.
What is the trend direction for SU stock?
The current trend direction for SUNCOR ENERGY INC (SU) is Bullish.
Can you provide the RSI signal for SUNCOR ENERGY INC?
SUNCOR ENERGY INC (SU) has an RSI value of 49.1279. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SUNCOR ENERGY INC?
The MACD indicator for SUNCOR ENERGY INC (SU) has a value of -0.194426, indicating a bearish trend.
What is the short term momentum for SUNCOR ENERGY INC (SU) stock?
The short term momentum for SUNCOR ENERGY INC (SU) is neutral.