The Hourly View for SU
At the time of this writing, SU (Get Ratings)’s price is down $-0.18 (-0.79%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as SU has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Out of Petroleum and Natural Gas stocks, SU ranks 50th in regards to today’s price percentage change.
SU’s Technical Outlook on the Daily Chart
Currently, SU’s price is down $-0.06 (-0.27%) from the day prior. SU has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Suncor Energy Inc’s price action over the past 90 days can be seen via the chart below.
SU: Daily RSI Analysis
Want More Great Investing Ideas?