Sunoco LP Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
|
Risk Assessment |
|
Trading Strategy |
|
Sunoco LP stock price ended at $51.59 on Wednesday, after losing 0.116%
(Updated on Nov 13, 2024)
Sell candidate since Nov 07, 2024
Loss -3.34%
The Sunoco LP stock price fell by -0.116% on the last day (Wednesday, 13th Nov 2024) from $51.65 to $51.59. During the last trading day the stock fluctuated 1.48% from a day low at $51.25 to a day high of $52.01. The price has been going up and down for this period, and there has been a 1.2% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -98 thousand shares and in total, 176 thousand shares were bought and sold for approximately $9.08 million.
The stock lies in the middle of a 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 -2.64% during the next 3 months and, with a 90% probability hold a price between $49.26 and $52.59 at the end of this 3-month period.
SUN Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, November 11, 2024, and so far it has risen 0.0485%. Further rise is indicated until a new top pivot has been found. 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 Sunoco LP 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 $52.57 and $52.48. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Sunoco LP stock
Sunoco LP finds support from accumulated volume at $51.14 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 $0.760 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SUN) For The Upcoming Trading Day Of Thursday 14th
For the upcoming trading day on Thursday, 14th we expect Sunoco LP to open at $51.62, and during the day (based on 14 day Average True Range), to move between $50.40 and $52.78, which gives a possible trading interval of +/-$1.19 (+/-2.30%) up or down from last closing price. If Sunoco LP takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $51.14 (0.87%) than the resistance at $52.70 (2.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sunoco LP stock A Buy?
Sunoco LP holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.181 Sell Candidate Unchanged
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
Predicted Fair Opening Price
Predicted fair opening price on November 14, 2024 - $51.62 ( 0.0517%).Trading levels for SUN
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 52.38 | 1.52% |
R2 | 52.09 | 0.96% |
R1 | 51.91 | 0.614% |
Price | 51.59 | |
S1 | 51.33 | -0.511% |
S2 | 51.15 | -0.86% |
S3 | 50.86 | -1.42% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 54.13 | 4.93% |
R2 | 53.12 | 2.97% |
R1 | 52.70 | 2.15% |
Price | 51.59 | |
S1 | 51.14 | -0.87% |
S2 | 50.91 | -1.32% |
S3 | 50.45 | -2.21% |
SUN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 08, 2024 | Nov 08, 2024 | Nov 19, 2024 | $0.88 | 1.70% |
2 | Aug 09, 2024 | Aug 09, 2024 | Aug 19, 2024 | $0.88 | 1.64% |
3 | May 03, 2024 | May 10, 2024 | May 20, 2024 | $0.88 | 1.62% |
4 | Jan 25, 2024 | Feb 07, 2024 | Feb 20, 2024 | $0.84 | 1.33% |
5 | Jan 25, 2024 | Feb 06, 2024 | Feb 20, 2024 | $0.84 | 1.33% |
FAQ
Click here for our free guide on how to buy Sunoco LP Stock.