RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SU
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Green day on Wednesday for Suncor Energy
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 4.95% PDF

The Suncor Energy stock price gained 0.137% on the last trading day (Wednesday, 27th Mar 2024), rising from $36.43 to $36.48. During the last trading day the stock fluctuated 1.50% from a day low at $35.94 to a day high of $36.48. The price has risen in 6 of the last 10 days and is up by 2.56% over the past 2 weeks. Volume fell on the last day by -882 thousand shares and in total, 2 million shares were bought and sold for approximately $86.35 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $36.91 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.40% during the next 3 months and, with a 90% probability hold a price between $38.10 and $41.86 at the end of this 3-month period.

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SU Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -0.789%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Suncor Energy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $36.35 and $34.39. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Suncor Energy stock

Suncor Energy finds support from accumulated volume at $34.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.540 (1.50%) between high and low. For the last week, the stock has had daily average volatility of 1.46%.

Our recommended stop-loss: $35.25 (-3.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (SU) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Suncor Energy Inc to open at $36.30, and during the day (based on 14 day Average True Range), to move between $35.87 and $37.09, which gives a possible trading interval of +/-$0.607 (+/-1.66%) up or down from last closing price. If Suncor Energy Inc takes out the full calculated possible swing range there will be an estimated 3.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $36.77 (0.79%) than the support at $34.94 (4.22%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Suncor Energy Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Suncor Energy stock to perform well in the short-term.

Current score: 2.935 Buy Candidate Unchanged

Predicted Opening Price for Suncor Energy Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$36.30 ( 0.493%) $36.48

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 36.84 0.99 %
R2 36.63 0.421 %
R1 36.51 0.0720 %
Current price: 36.48
Support S1 36.09 -1.06 %
S2 35.97 -1.41 %
S3 35.76 -1.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 36.77 0.795 %
Current price 36.48
Support S1 34.94 -4.22%
S2 34.36 -5.81%
S3 33.07 -9.35%

SU Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 01, 2024 Mar 25, 2024 $0.404 1.10%
2 Nov 14, 2023 Nov 30, 2023 Dec 22, 2023 $0.390 1.22%
3 Aug 14, 2023 Aug 31, 2023 Sep 25, 2023 $0.390 1.14%
4 May 08, 2023 Jun 02, 2023 Jun 26, 2023 $0.387 1.33%
5 Feb 14, 2023 Mar 02, 2023 Mar 24, 2023 $0.382 1.32%

FAQ

What is the symbol for Suncor Energy Stock and on which exchange is it traded?
The symbol for Suncor Energy is SU and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Suncor Energy Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Suncor Energy stock to perform well in the short-term.

How to buy Suncor Energy Stock?
Suncor Energy Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Suncor Energy Stock.

What's the current price of Suncor Energy Stock?
As of the end of day on the 2024-03-27, the price of an Suncor Energy (SU) share was $36.48.

What is the 52-week high and low for Suncor Energy Stock?
The 52-week high for Suncor Energy Stock is $36.88 and the 52-week low is $27.59.

What is the market capitalization of Suncor Energy Stock?
As of the 2024-03-27, the market capitalization of Suncor Energy is 46.965B.

When is the next earnings date for Suncor Energy?
The upcoming earnings date for Suncor Energy is May 13, 2024.
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About Suncor Energy Inc

Suncor Energy Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada. It operates through Oil Sands; Exploration and Production; Refining and Market... SU Profile

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