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(SU) Suncor Energy complete technical analysis [charts+indicators] | Buy/Sell Suncor Energy | (SU) share price targets

Complete technical analysis of Suncor Energy (SU) by charts plus indicators, forecast predictions and share price targets for Suncor Energy (SU)

Suncor Energy trades in USA in Energy sector.

Showing technical analysis as on 2024-01-18 View latest technical analysis

10 day averaged volume of Suncor Energy is 3835080

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	31.44	31.53	31.61	31.03	0.76 times
17 Wed Jan 2024	31.49	31.56	31.64	31.12	0.894 times
16 Tue Jan 2024	31.98	32.51	32.59	31.94	0.859 times
12 Fri Jan 2024	32.78	33.26	33.33	32.65	0.748 times
12 Fri Jan 2024	32.78	33.26	33.33	32.65	0.748 times
11 Thu Jan 2024	32.68	32.69	32.82	32.22	1.339 times
10 Wed Jan 2024	32.43	32.75	32.94	32.21	0.965 times
09 Tue Jan 2024	32.70	33.07	33.15	32.58	1.196 times
08 Mon Jan 2024	33.07	32.99	33.10	32.62	1.082 times
05 Fri Jan 2024	33.80	34.06	34.28	33.68	0.902 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 31.8, but if it comes above 31.8, then a intra day buy could be more profitable.
If you take a sell trade below 31.8, then use 31.8 as stoploss and 31 as target. However if you take a buy trade in stock , then use 31.8 as stoploss and 32.5 as target.

Share price targets for Suncor Energy (SU)

Target Type	Value
Downside Target	29.45
Downside Target	31.03
Upside Target	33.33
Upside Target	33.55
Upside Target	33.75
Upside Target	34.30
Upside Target	34.31
Upside Target	34.74
Upside Target	35.51

Intraday share price targets for Suncor Energy (SU)

Target Type	Value
Downside Intraday Target	30.78
Downside Intraday Target	30.13
Upside Intraday Target	32.34
Upside Intraday Target	33.25
Upside Intraday Target	31.69

Weekly technical analysis of Suncor Energy (SU)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	31.44	32.51	32.59	31.03	3.361 times
12 Fri Jan 2024	32.78	33.26	33.33	32.65	0.14 times
12 Fri Jan 2024	32.78	32.99	33.33	32.21	0.981 times
05 Fri Jan 2024	33.80	32.20	34.31	31.99	12.073 times
29 Fri Dec 2023	32.04	32.04	32.22	31.79	0.191 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Suncor Energy (SU)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	31.44	32.20	34.31	31.03	0.546 times
29 Fri Dec 2023	32.04	33.06	33.75	29.45	0.846 times
30 Thu Nov 2023	32.99	32.63	34.30	31.11	1.321 times
31 Tue Oct 2023	32.40	34.39	34.74	31.45	0.767 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Suncor Energy (SU)

Price action analysis of Suncor Energy ( (SU) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Suncor Energy ( (SU) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Suncor Energy ( (SU) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Suncor Energy stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Suncor Energy in short term and the sell signal is strong.

Suncor Energy Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Suncor Energy in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Suncor Energy is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 32.55 and Suncor Energy (SU) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Suncor Energy (SU) stock. Volume based technical analysis of Suncor Energy (SU) stock is negative.

Suncor Energy Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.