SUNCOR ENERGY INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SU
ISIN:	CA8672241079

SUNCOR ENERGY INC. - 1H - Technical analysis published on 10/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 40.19 USD

My targets

41.03 USD (+1.48%)

44.47 USD (+9.99%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SUNCOR ENERGY INC. as long as the price remains well above 40.19 USD. The buyers' bullish objective is set at 41.03 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 44.47 USD. If there is any crossing, the next objective would be the resistance located at 53.50 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SUNCOR ENERGY INC. price is 40.43 USD. The price registered an increase of +2.33% on the session with the lowest point at 39.67 USD and the highest point at 40.58 USD. The deviation from the price is +1.92% for the low point and -0.37% for the high point.

39.67

40.58

40.43

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SUNCOR ENERGY INC. indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	38.77	39.31	40.19	40.43	41.03	53.50
Change (%)	-4.11%	-2.77%	-0.59%	-	+1.48%	+32.33%
Change	-1.66	-1.12	-0.24	-	+0.60	+13.07
Level	Major	Minor	Intermediate	-	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.16	38.48	38.99	39.31	39.82	40.14	40.65
Camarilla	39.28	39.36	39.43	39.51	39.59	39.66	39.74
Woodie	38.27	38.53	39.10	39.36	39.93	40.19	40.76
Fibonacci	38.48	38.79	38.99	39.31	39.62	39.82	40.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.36	35.48	37.73	38.85	41.10	42.22	44.47
Camarilla	39.04	39.35	39.66	39.97	40.28	40.59	40.90
Woodie	34.92	35.76	38.29	39.13	41.66	42.50	45.03
Fibonacci	35.48	36.77	37.57	38.85	40.14	40.94	42.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.71	33.13	35.02	37.44	39.33	41.75	43.64
Camarilla	35.74	36.13	36.53	36.92	37.32	37.71	38.11
Woodie	30.46	33.00	34.77	37.31	39.08	41.62	43.39
Fibonacci	33.13	34.77	35.79	37.44	39.08	40.10	41.75

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	70.41
MACD (12,26,9):	0.2800
Directional Movement:	21.94
AROON (14):	71.42
DEMA (21):	40.17
Parabolic SAR (0,02-0,02-0,2):	39.22
Elder Ray (13):	0.49
Super Trend (3,10):	39.68
Zig ZAG (10):	40.46
VORTEX (21):	1.0800
Stochastique (14,3,5):	94.41
TEMA (21):	40.24
Williams %R (14):	-6.42
Chande Momentum Oscillator (20):	1.23
Repulse (5,40,3):	0.5200
ROCnROLL:	1
TRIX (15,9):	0.0500
Courbe Coppock:	4.95

MA7:	39.69
MA20:	38.12
MA50:	38.85
MA100:	38.65
MAexp7:	40.22
MAexp20:	39.84
MAexp50:	39.34
MAexp100:	38.82
Price / MA7:	+1.86%
Price / MA20:	+6.06%
Price / MA50:	+4.07%
Price / MA100:	+4.61%
Price / MAexp7:	+0.52%
Price / MAexp20:	+1.48%
Price / MAexp50:	+2.77%
Price / MAexp100:	+4.15%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on SUNCOR ENERGY INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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