Suncor Energy Technical Analysis (NYSE:SU)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Suncor Energy stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the SU stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Suncor Energy. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Suncor Energy stock analysis.
Suncor Energy Moving Average
Moving averages help predict the price direction of SU stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Suncor Energy are mostly signals of long term trends and will help long term traders.
Suncor Energy Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the SU stock. Suncor Energy bollinger bands show that the stock price is $40.33, upper band is 42.58, lower band is 39.56, and the average is 41.07.
Suncor Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Suncor Energy MACD line is below the signal line.
Suncor Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 36.75 is the RSI value of SU stock.