Suncor Energy Inc (SU): Price Down $-1.03 (-4.91)% Over Past Day, Up $0.09 (0.45)% Over Past Hour

The Hourly View for SU

At the moment, SU (Get Ratings)’s price is up $0.09 (0.45%) from the hour prior. SU has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. 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.

SU ranks 84th in terms of today’s price percentage change out of Petroleum and Natural Gas stocks.

SU’s Technical Outlook on the Daily Chart

At the time of this writing, SU’s price is down $-1.03 (-4.91%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as SU has now gone down 5 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Of note is that the 100 day changed directions on SU; it is now pointing down. 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. The chart below shows SU’s price action over the past 90 days.

SU

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SU: Daily RSI Analysis

  • SU’s RSI now stands at 0.
  • SU and RSI both have consistent trends, as they are both heading down.

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