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SUNCOR ENERGY INC (SU) Stock Technical Analysis

NYSE:SU - New York Stock Exchange, Inc. - CA8672241079 - Common Stock

39.8  +0.77 (+1.97%)

After market: 39.8 0 (0%)

Technical Rating and Analysis

7

Taking everything into account, SU scores 7 out of 10 in our technical rating. SU has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

The long and short term trends are both positive. This is looking good!
SU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SU is lagging the market slightly.
In the last month SU has a been trading in the 34.17 - 40.64 range, which is quite wide. It is currently trading near the high of this range.
SU has an average volume of 4613450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SU did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
SU is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 66% of 210 stocks in the same industry.
Weekly and Daily overview Charts
SU Weekly chart
SU Daily chart
Setup Rating and Analysis

6

Although SU has an excellent technical rating, the quality of the presented setup is not ideal 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.

Support and Resistance Analysis

34.15

42.13

We found 2 important support areas.

  • A support zone ranging from 39.02 to 39.31. 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 34.49 to 34.89. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

  • Resistance @40.14 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 40.82 to 41.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.98
Mansfield-0.42
10 Day High40.64
10 Day Low36.79
20 Day High40.64
20 Day Low34.17
52 Week High41.95
52 Week Low31.25
Performance
1 Week1.04%
2 Weeks9.25%
1 Month14.2%
3 Month2.16%
6 Month3.38%
12 Month21.56%
2 Year14.63%
3 Year39.31%
5 Year30.11%
10 Year33.51%
15 Year25.75%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.4
RSI(14)65.11
LBB34.86
UBB41.37
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
40.1539.011.14 (2.84%)25.00%
An entry @40.15. This is a Buy Stop order right above the resistance zone.An exit @39.01. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 1.14 points, which is 2.84%.For a 0.71% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of SU. Please evaluate whether better entry and exit points can be found.
  • 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.
SU Daily chart

SUNCOR ENERGY INC

NYSE:SU (1/21/2025, 7:24:28 PM)

After market: 39.8 0 (0%)

39.8

+0.77 (+1.97%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.97%
1 Week1.04%
2 Weeks9.25%
1 Month14.2%
3 Month2.16%
6 Month3.38%
12 Month21.56%
2 Year14.63%
3 Year39.31%
5 Year30.11%
10 Year33.51%
15 Year25.75%
Volatility
ATR(14)0.87
ATR(20)%2.05%
ATR Inc-2.33%
Range Today1.05
ADR(20)0.74
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.98
Mansfield-0.42
10 Day High40.64
10 Day Low36.79
20 Day High40.64
20 Day Low34.17
52 Week High41.95
52 Week Low31.25
CS1 End39.31
CR1 Start40.14
Volume & EV
DER(3)-0.66%
DER(5)-0.16%
Volume3.85M
Volume Incr22.95%
Vol(5)4.95M
Vol(50)4.61M