Sunoco Technical Analysis (NYSE:SUN)
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. The Sunoco stock price data and volume are plotted in SUN stock charts and these trading charts form the basis of technical analysis.
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 Sunoco. The technical analysis form of Sunoco stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Sunoco Moving Average
Moving averages help predict the price direction of SUN stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $28.77 is above the last closing price of $27.87 and the 50 day moving average of $30.11 is above the last closing price of $27.87. The 10 and 20 day periods can predict short term moving average trends.
Sunoco 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 SUN stock. The stock price is trading between the average and the lower band in the context of Sunoco bollinger bands.
Sunoco Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Sunoco MACD indicator is above 0 indicating a bullish trend.
Sunoco Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of SUN stock is 25.96.