SUNOCO LP (SUN) Stock Technical Analysis
NYSE:SUN - New York Stock Exchange, Inc. - US86765K1097 - Currency: USD
We assign a technical rating of 8 out of 10 to SUN. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SUN is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month SUN has a been trading in the 54.65 - 59.67 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, SUN turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
SUN is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, SUN did better than 64% of them.
SUN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SUN is lagging the market.
Besides having an excellent technical rating, SUN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 57.78, a Stop Loss order could be placed below this zone. 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
49.22
63.78
When analyzing the support we can see 4 important areas.
- A support zone ranging from 57.31 to 57.78. 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 53.99 to 55.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.73 to 52.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 49.72 to 49.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @58.53 from a horizontal line in the daily time frame.
- Resistance @63.15 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.92
Mansfield-0.2
10 Day High58.98
10 Day Low54.65
20 Day High59.67
20 Day Low54.65
52 Week High64.89
52 Week Low49.45
Performance
1 Week1.05%
2 Weeks0.12%
1 Month3.95%
3 Month6.66%
6 Month6.56%
12 Month-5.11%
2 Year27.42%
3 Year34.3%
5 Year114.39%
10 Year12.35%
15 YearN/A
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)-0.08
RSI(14)58.65
LBB55.97
UBB59.37
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 |
|---|---|---|---|
| 58.54 | 57.30 | 1.24 (2.12%) | 25.00% |
| An entry @58.54. This is a Buy Stop order right above the resistance zone. | An exit @57.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.24 points, which is 2.12%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- The distance between exit and entry is rather small compared to the average daily movement of SUN. 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.
57.95
+0.05 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.09%
1 Week1.05%
2 Weeks0.12%
1 Month3.95%
3 Month6.66%
6 Month6.56%
12 Month-5.11%
2 Year27.42%
3 Year34.3%
5 Year114.39%
10 Year12.35%
15 YearN/A
Volatility
ATR(14)1.73
ATR(20)%2.86%
ATR Inc-41.43%
Range Today0.81
ADR(20)1.58
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.92
Mansfield-0.2
10 Day High58.98
10 Day Low54.65
20 Day High59.67
20 Day Low54.65
52 Week High64.89
52 Week Low49.45
CS1 End57.78
CR1 Start58.53
Volume & EV
DER(3)4.65%
DER(5)2.58%
Volume537.80K
Volume Incr-34.16%
Vol(5)447.80K
Vol(50)531.63K