RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SUN.L
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Is SUNOCO INC stock still a buy after falling -5.82% on Wednesday?
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Loss -5.82% PDF

The SUNOCO INC stock price fell by -5.82% on the last day (Wednesday, 27th Mar 2024) from £0.550 to £0.518. During the last trading day the stock fluctuated 0% from a day low at £0.518 to a day high of £0.518. The price has been going up and down for this period, and there has been a -5.82% loss 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 -515 thousand shares and in total, 95 thousand shares were bought and sold for approximately £49.21 thousand.

The stock lies in the middle of a very 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 -6.88% during the next 3 months and, with a 90% probability hold a price between £0.425 and £0.623 at the end of this 3-month period.

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SUN.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 3.60%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SUNOCO INC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £0.533 and £0.601. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Wednesday, March 20, 2024 and based on theory for this formation the price should go up by 36.68% to £0.708 within 50 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for SUNOCO INC stock

SUNOCO INC finds support from accumulated volume at £0.500 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.35%.

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

Trading Expectations (SUN.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect SUNOCO INC to open at £0.518, and during the day (based on 14 day Average True Range), to move between £0.476 and £0.560, which gives a possible trading interval of +/-£0.0425 (+/-8.20%) up or down from last closing price. If SUNOCO INC takes out the full calculated possible swing range there will be an estimated 16.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.500 (3.47%) than the resistance at £0.550 (6.18%), 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 INC stock A Buy?

SUNOCO INC holds several negative signals and is within a very 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: -5.425 Strong Sell Candidate Downgraded

Predicted Opening Price for SUNOCO INC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£0.518 ( 0%) £0.518

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

Trading levels for SUN.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.518 .
R2 0.518 .
R1 0.518 .
Current price: 0.518
Support S1 0.518 .
S2 0.518 .
S3 0.518 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.639 23.26 %
R2 0.600 15.83 %
R1 0.550 6.18 %
Current price 0.518
Support S1 0.500 -3.47%
S2 0 .
S3 0 .

FAQ

What is the symbol for SUNOCO INC Stock and on which exchange is it traded?
The symbol for SUNOCO INC is SUN.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell SUNOCO INC Stock?
SUNOCO INC holds several negative signals and is within a very 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 SUNOCO INC Stock?
SUNOCO 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 SUNOCO INC Stock.

What's the current price of SUNOCO INC Stock?
As of the end of day on the 2024-03-27, the price of an SUNOCO INC (SUN.L) share was £0.518.

What is the 52-week high and low for SUNOCO INC Stock?
The 52-week high for SUNOCO INC Stock is £2.35 and the 52-week low is £0.500.

What is the market capitalization of SUNOCO INC Stock?
As of the 2024-03-27, the market capitalization of SUNOCO INC is 4.832M.

When is the next earnings date for SUNOCO INC?
The upcoming earnings date for SUNOCO INC is Sep 17, 2024.
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About SUNOCO INC

SUNOCO INC Surgical Innovations Group plc, together with its subsidiaries, designs, develops, manufactures, and sells devices for use in minimally invasive surgery (SI) and precision engineering markets in the United Kingdom, Europe, the Asia Pacific, the United States, and internationally. It operates through three segments: SI Brand, Original Equipment Manufacturer (OEM), and Distribution. The company's SI Brand segment researches, develops, manufactures,... SUN.L Profile

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