SUNOCO LP - Daily - Technical analysis published on 12/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 30.29 USD
My targets
31.69 USD (+1.86%)
32.46 USD (+4.34%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade SUNOCO LP with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 30.29 USD. The buyers” bullish objective is set at 31.69 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.46 USD. If there is any crossing, the next objective would be the resistance located at 33.94 USD. If there is a bearish break in the support located at 30.29 USD some indecision would arise.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SUNOCO LP rating is 31.11 USD. On the day, this instrument gained +0.97% and was traded between 30.82 USD and 31.29 USD over the period. The price is currently at +0.94% from its lowest and -0.58% from its highest.30.82
31.29
31.11
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this SUNOCO LP chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 29.95 | 30.29 | 30.99 | 31.11 | 31.69 | 32.46 | 33.94 |
Change (%) | -3.73% | -2.64% | -0.39% | - | +1.86% | +4.34% | +9.10% |
Change | -1.16 | -0.82 | -0.12 | - | +0.58 | +1.35 | +2.83 |
Level | Major | Intermediate | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 30.37 | 30.49 | 30.65 | 30.77 | 30.93 | 31.05 | 31.21 |
Camarilla | 30.73 | 30.76 | 30.78 | 30.81 | 30.84 | 30.86 | 30.89 |
Woodie | 30.39 | 30.50 | 30.67 | 30.78 | 30.95 | 31.06 | 31.23 |
Fibonacci | 30.49 | 30.60 | 30.66 | 30.77 | 30.88 | 30.94 | 31.05 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 29.52 | 29.77 | 30.22 | 30.47 | 30.92 | 31.17 | 31.62 |
Camarilla | 30.49 | 30.55 | 30.62 | 30.68 | 30.74 | 30.81 | 30.87 |
Woodie | 29.63 | 29.82 | 30.33 | 30.52 | 31.03 | 31.22 | 31.73 |
Fibonacci | 29.77 | 30.03 | 30.20 | 30.47 | 30.73 | 30.90 | 31.17 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 27.02 | 28.80 | 29.97 | 31.75 | 32.92 | 34.70 | 35.87 |
Camarilla | 30.32 | 30.59 | 30.86 | 31.13 | 31.40 | 31.67 | 31.94 |
Woodie | 26.71 | 28.65 | 29.66 | 31.60 | 32.61 | 34.55 | 35.56 |
Fibonacci | 28.80 | 29.93 | 30.63 | 31.75 | 32.88 | 33.58 | 34.70 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 52.46 | |
MACD (12,26,9): | -0.2500 | |
Directional Movement: | 2.76 | |
AROON (14): | -71.43 | |
DEMA (21): | 30.49 | |
Parabolic SAR (0,02-0,02-0,2): | 30.06 | |
Elder Ray (13): | 0.37 | |
Super Trend (3,10): | 31.79 | |
Zig ZAG (10): | 31.11 | |
VORTEX (21): | 0.9100 | |
Stochastique (14,3,5): | 62.25 | |
TEMA (21): | 30.34 | |
Williams %R (14): | -14.06 | |
Chande Momentum Oscillator (20): | -0.02 | |
Repulse (5,40,3): | 1.3800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.1500 | |
Courbe Coppock: | 4.48 |
MA7: | 30.52 | |
MA20: | 30.78 | |
MA50: | 31.37 | |
MA100: | 30.97 | |
MAexp7: | 30.66 | |
MAexp20: | 30.82 | |
MAexp50: | 31.06 | |
MAexp100: | 30.84 | |
Price / MA7: | +1.93% | |
Price / MA20: | +1.07% | |
Price / MA50: | -0.83% | |
Price / MA100: | +0.45% | |
Price / MAexp7: | +1.47% | |
Price / MAexp20: | +0.94% | |
Price / MAexp50: | +0.16% | |
Price / MAexp100: | +0.88% |
News
The last news published on SUNOCO LP at the time of the generation of this analysis was as follows:
- Sunoco LP Announces Third Quarter 2019 Financial and Operating Results
- Sunoco LP Maintains Quarterly Distribution
- Sunoco LP Announces Second Quarter Financial and Operating Results
- Sunoco LP Maintains Quarterly Distribution
- Cushing® Asset Management and Swank Capital Announce Constituent Changes to The Cushing® Energy Supply Chain Index
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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