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.
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Weaker technical forecast for Suncor Energy as stock downgraded to Strong Sell Candidate
(Updated on Nov 12, 2024)

Sell candidate since Nov 08, 2024 Loss -2.66%

The Suncor Energy stock price fell by -1.83% on the last day (Tuesday, 12th Nov 2024) from $38.83 to $38.12. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.88% from a day low at $37.90 to a day high of $38.99. The price has been going up and down for this period, and there has been a 0.13% gain for the last 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $192.40 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.79% during the next 3 months and, with a 90% probability hold a price between $33.66 and $38.32 at the end of this 3-month period.

SU Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Suncor Energy stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $38.79 and $38.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, October 07, 2024, and so far it has fallen -5.81%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Suncor Energy stock

Suncor Energy finds support from accumulated volume at $38.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.09 between high and low, or 2.88%. For the last week the stock has had daily average volatility of 2.23%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SU) For The Upcoming Trading Day Of Wednesday 13th

For the upcoming trading day on Wednesday, 13th we expect Suncor Energy Inc to open at $38.34, and during the day (based on 14 day Average True Range), to move between $37.25 and $38.99, which gives a possible trading interval of +/-$0.87 (+/-2.28%) up or down from last closing price. If Suncor Energy Inc takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $38.00 (0.31%) than the resistance at $38.83 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Suncor Energy Inc stock A Buy?

Suncor Energy holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.931 Strong Sell Candidate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on November 13, 2024 - $38.34 ( 0.568%).

Trading levels for SU

Fibonacci Support & Resistance Levels

Level Price
R3 39.43 3.43%
R2 39.01 2.34%
R1 38.75 1.66%
Price 38.12
S1 37.92 -0.524%
S2 37.66 -1.20%
S3 37.25 -2.29%

Accumulated Volume Support & Resistance Levels

Level Price
R3 39.72 4.20%
R2 39.16 2.73%
R1 38.83 1.86%
Price 38.12
S1 38.00 -0.315%
S2 37.40 -1.89%
S3 36.51 -4.22%

SU Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 06, 2024 Sep 04, 2024 Sep 25, 2024 $0.397 1.06%
2 May 07, 2024 Jun 04, 2024 Jun 25, 2024 $0.397 1.05%
3 Mar 01, 2024 Mar 01, 2024 Mar 25, 2024 $0.404 1.10%
4 Nov 14, 2023 Nov 30, 2023 Dec 22, 2023 $0.390 1.22%
5 Aug 14, 2023 Aug 31, 2023 Sep 25, 2023 $0.390 1.14%

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?
Suncor Energy holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

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 Nov 12, 2024, the price of an Suncor Energy (SU) share was $38.12.

What is the 52-week high and low for Suncor Energy Stock?
The 52-week high for Suncor Energy Stock is $41.95 and the 52-week low is $29.45.

What is the market capitalization of Suncor Energy Stock?
As of the Nov 12, 2024, the market capitalization of Suncor Energy is 49.315B.

When is the next earnings date for Suncor Energy?
The upcoming earnings date for Suncor Energy is Nov 12, 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...
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