SUNOCO LP
SUNOCO LP
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Stocks
Ticker: SUN
ISIN:

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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard30.3730.4930.6530.7730.9331.0531.21
Camarilla30.7330.7630.7830.8130.8430.8630.89
Woodie30.3930.5030.6730.7830.9531.0631.23
Fibonacci30.4930.6030.6630.7730.8830.9431.05


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard29.5229.7730.2230.4730.9231.1731.62
Camarilla30.4930.5530.6230.6830.7430.8130.87
Woodie29.6329.8230.3330.5231.0331.2231.73
Fibonacci29.7730.0330.2030.4730.7330.9031.17


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard27.0228.8029.9731.7532.9234.7035.87
Camarilla30.3230.5930.8631.1331.4031.6731.94
Woodie26.7128.6529.6631.6032.6134.5535.56
Fibonacci28.8029.9330.6331.7532.8833.5834.70

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%

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

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