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.TO
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Green day on Wednesday for Suncor Energy Inc.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 21, 2024 Gain 9.15% PDF

The Suncor Energy Inc. stock price gained 0.0202% on the last trading day (Wednesday, 27th Mar 2024), rising from $49.49 to $49.50. During the last trading day the stock fluctuated 1.27% from a day low at $48.88 to a day high of $49.50. The price has risen in 6 of the last 10 days and is up by 3.32% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 699 thousand more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $510.29 million.

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 $50.16 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.94% during the next 3 months and, with a 90% probability hold a price between $52.58 and $57.65 at the end of this 3-month period.

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SU.TO Signals & Forecast

The Suncor Energy Inc. 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 $49.29 and $46.50. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -0.90%. 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).

Support, Risk & Stop-loss for Suncor Energy Inc. stock

Suncor Energy Inc. finds support from accumulated volume at $47.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.620 between high and low, or 1.27%. For the last week, the stock has had daily average volatility of 1.24%.

The Suncor Energy Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $47.63 (-3.78%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Suncor Energy Inc. to open at $49.29, and during the day (based on 14 day Average True Range), to move between $48.74 and $50.26, which gives a possible trading interval of +/-$0.760 (+/-1.54%) up or down from last closing price. If Suncor Energy Inc. takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $49.95 (0.91%) than the support at $47.40 (4.24%), 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 Inc. stock to perform well in the short-term.

Current score: 4.425 Buy Candidate Unchanged

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

Fair opening price March 28, 2024 Current price
$49.29 ( 0.418%) $49.50

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

Trading levels for SU.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 49.91 0.84 %
R2 49.68 0.357 %
R1 49.53 0.0610 %
Current price: 49.50
Support S1 49.06 -0.90 %
S2 48.91 -1.19 %
S3 48.67 -1.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 49.95 0.91 %
Current price 49.50
Support S1 47.40 -4.24%
S2 46.93 -5.19%
S3 46.63 -5.80%

SU Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Mar 01, 2024 Mar 25, 2024 $0.545 1.09%
2 Nov 14, 2023 Nov 30, 2023 Dec 22, 2023 $0.545 1.28%
3 Aug 14, 2023 Aug 31, 2023 Sep 25, 2023 $0.520 1.13%
4 Jun 02, 2023 Jun 02, 2023 Jun 26, 2023 $0.520 1.36%
5 Mar 02, 2023 Mar 02, 2023 Mar 24, 2023 $0.520 1.31%

FAQ

What is the symbol for Suncor Energy Inc. Stock and on which exchange is it traded?
The symbol for Suncor Energy Inc. is SU.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Suncor Energy Inc. 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 Inc. stock to perform well in the short-term.

How to buy Suncor Energy Inc. Stock?
Suncor Energy Inc. 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 Inc. Stock.

What's the current price of Suncor Energy Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Suncor Energy Inc. (SU.TO) share was $49.50.

What is the 52-week high and low for Suncor Energy Inc. Stock?
The 52-week high for Suncor Energy Inc. Stock is $49.99 and the 52-week low is $37.09.

What is the market capitalization of Suncor Energy Inc. Stock?
As of the 2024-03-27, the market capitalization of Suncor Energy Inc. is 63.727B.

When is the next earnings date for Suncor Energy Inc.?
The upcoming earnings date for Suncor Energy Inc. is May 06, 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.TO Profile

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