SU.TO Forecast and Technical Stock Analysis
Sell candidate since 2019-10-15 PDF
No changes to the price of Suncor Energy Inc. in the last trading day ( Tuesday, 15th Oct 2019 ). During the day the stock fluctuated 0.00% from a day low at $39.36 to a day high of $39.36. The price has risen in 5 of the last 10 days , but is still down by -5.81% for this period.
- 30 day high of the SU.TO stock price was $43.34 and low was $38.67.
- 90 day high was $43.34 and low was $36.32.
- 52 week high for Suncor Energy Inc. - $48.01 and low - $35.53.
Suncor Energy Inc. lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.18% during the next 3 months and, with 90% probability hold a price between $40.15 and $45.94 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Suncor Energy Inc. holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $40.17. On a fall, the stock will find some support from the short-term average at $39.34. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Friday October 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
The stock currently holds a RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Suncor Energy Inc. finds support from accumulated volume at $39.10.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 1.24%.
Suncor Energy Inc. is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
1.24 %Average volatility
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Suncor Energy Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!