Suncor Energy Inc (SU): Price Now Near $24.59; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for SU

At the time of this writing, SU (Get Ratings)’s price is down $-0.18 (-0.73%) from the hour prior. SU has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly 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.

SU ranks 77th 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 $-0.57 (-2.27%) from the day prior. This is the 2nd day in a row SU has seen its price head down. 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 bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Suncor Energy Inc’s price action over the past 90 days can be seen via the chart below.

SU

For SU News Traders

News traders keeping an eye on SU may find value in this recent story:

Suncor Energy Hits 80-Plus Relative Strength Rating Benchmark

Suncor Energy shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 79 to 82.

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