SUN.L Forecast and Technical Stock Analysis
Hold candidate since 2020-01-13 PDF
No changes to the price of SUNOCO INC in the last trading day ( Wednesday, 22nd Jan 2020 ). During the day the stock fluctuated 5.99% from a day low at £0.02 to a day high of £0.02. The price has been going up and down for this period, and there has been a 9.76% gain for the last 2 weeks.
- 30 day high of the SUN.L stock price was £0.02 and low was £0.02.
- 90 day high was £0.03 and low was £0.02.
- 52 week high for SUNOCO INC - £3.00 and low - £0.01.
SUNOCO INC lies the upper part of a very wide and falling 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 £0.02 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.34% during the next 3 months and, with 90% probability hold a price between £0.02 and £0.02 at the end of this period.
SUNOCO INC holds buy signals from both short- and long-term moving averages. In addition, 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 £0.02 and £0.02. A break down below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday January 21, 2020, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 50 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £0.02 and £0.02.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SUNOCO INC finds support just below today's level at £0.02. If this is broken, then the next support from accumulated volume will be at £0.02 and £0.02.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 5.99%. For the last week, the stock has had a daily average volatility of 3.12%.
Our recommended stop-loss: £0.02 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)
3.12 %Average volatility
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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!
Top Fintech Company
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