SUNCOR ENERGY INC. - Daily - Technical analysis published on 06/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Neutral between 31.35 USD and 33.17 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 33.17 USD. The first support is located at 31.35 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by SUNCOR ENERGY INC..
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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
SUNCOR ENERGY INC. rating 31.57 USD. On the day, this instrument gained +0.19% and was between 31.55 USD and 31.94 USD. This implies that the price is at +0.06% from its lowest and at -1.16% from its highest.31.55
31.94
31.57
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SUNCOR ENERGY INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SUNCOR ENERGY INC. indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.39 | 29.98 | 31.35 | 31.57 | 33.17 | 34.69 | 38.12 |
| Change (%) | -10.07% | -5.04% | -0.70% | - | +5.07% | +9.88% | +20.75% |
| Change | -3.18 | -1.59 | -0.22 | - | +1.60 | +3.12 | +6.55 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.87 | 31.19 | 31.35 | 31.67 | 31.83 | 32.15 | 32.31 |
| Camarilla | 31.38 | 31.42 | 31.47 | 31.51 | 31.55 | 31.60 | 31.64 |
| Woodie | 30.79 | 31.15 | 31.27 | 31.63 | 31.75 | 32.11 | 32.23 |
| Fibonacci | 31.19 | 31.37 | 31.49 | 31.67 | 31.85 | 31.97 | 32.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.75 | 30.32 | 30.96 | 31.53 | 32.17 | 32.74 | 33.38 |
| Camarilla | 31.27 | 31.38 | 31.49 | 31.60 | 31.71 | 31.82 | 31.93 |
| Woodie | 29.78 | 30.34 | 31.00 | 31.55 | 32.21 | 32.76 | 33.42 |
| Fibonacci | 30.32 | 30.78 | 31.07 | 31.53 | 31.99 | 32.28 | 32.74 |
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): | 54.66 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 2.52 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 31.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.28 | |
| Elder Ray (13): | 0.43 | |
| Super Trend (3,10): | 32.21 | |
| Zig ZAG (10): | 31.57 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 78.13 | |
| TEMA (21): | 31.57 | |
| Williams %R (14): | -27.04 | |
| Chande Momentum Oscillator (20): | 1.16 | |
| Repulse (5,40,3): | -2.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 7.41 |
| MA7: | 31.56 | |
| MA20: | 30.91 | |
| MA50: | 31.59 | |
| MA100: | 32.26 | |
| MAexp7: | 31.49 | |
| MAexp20: | 31.25 | |
| MAexp50: | 31.50 | |
| MAexp100: | 31.90 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +2.14% | |
| Price / MA50: | -0.06% | |
| Price / MA100: | -2.14% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +1.02% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | -1.03% |
News
Don"t forget to follow the news on SUNCOR ENERGY INC.. At the time of publication of this analysis, the latest news was as follows:
- Recent Analysis Shows ChannelAdvisor, Brookline, Canadian Natural Resources, Suncor Energy, Gerdau S.A, and TCF Financial Market Influences — Renewed Outlook, Key Drivers of Growth
- Suncor Energy Inc. to Host Earnings Call
- Suncor Energy Inc. to Host Earnings Call
-
Suncor Energy
- WOOD GROUP (JOHN) PLC - Wood Group awarded Suncor Energy heavy oil well pads
This member declared not having a position on this financial instrument or a related financial instrument.
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