Suncor Energy stock: buy or sell

SU stock price: $17.20 -1.83% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

2

Suncor Energy stock brief

  • Suncor Energy stock went down -1.83% to close at $17.20 on the stock market today, after 7 consecutive sessions in negative.
  • Price is drawing a scaled uptrend since last October with higher tops and higher bottoms. Up to date, price marked a 62.88% profit since the beginning of this rally
  • Suncor Energy Inc. operates as an integrated energy company.

Should I buy Suncor Energy stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $SU stock a buy?

In the current situation of Suncor Energy there is not any eligible buy setup. This doesn't mean $SU will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Suncor Energy stock?

Do you know when is it time to sell Suncor Energy?. In the same way as when we have to buy shares, choosing when is appropiate to sell is not a capricious decision, and we must follow our own trading style. We like very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups are not intended for shorting Suncor Energy stock

A guiding principle is that you must never mantain an operation that results in higher than expected losses by the time of the buy. The moment to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell Suncor Energy stock?

Currently, Suncor Energy stock doesn't match any of our preferred sell setups, so if you hold Suncor Energy shares and your operation is in profit probably is not time to sell now

Price lost SMA50 level

Suncor Energy stock gained a 35.83% in a month while it was above the 50-day SMA. Nonetheless that upward trend may have ended, or be showing signs of exhaustion, since the price fell below that moving-average threshold on Tuesday. For mid-term investors who have benefited from the stock while the price was above the average, this flag should be a heads up and a reason to sell the shares and take their gains

Suncor Energy ratings

In the last 30 days, 2 brokerage ratings were published for Suncor Energy

Suncor Energy analysts' ratings - Last month
Brokerage firmRating
Jan 6th, 2021
National Bank Financial
Jan 14th, 2021
Scotiabank Buy

Suncor Energy stock analysis

Since last October, Suncor Energy has been printing an uptrend that so far marked an amazing 62.88%. Rising peaks and troughs can be seen easily on a chart and how price offered very few entry points on the breakouts. Latest pullback was in mid-December, when price bounced at $16.29. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $19.65 and $16.29

SMAs overview

SU stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $17.26 (0.35% above)
  • R2: $17.42 (1.28% above)
  • R3: $17.91 (4.13% above)
  • The current support levels are:

  • S1: $17.02 (-1.05% below)
  • S2: $16.89 (-1.80% below)
  • S3: $16.82 (-2.21% below)
  • Bollinger bands

    Since the price surpassed the upper band on January 14, the price dropped by 12.47%

    SU stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in mid-December after just crossing to the overbough zone for just one day (weak signal). The RSI value on Tuesday was 44.74. Suncor Energy stock dropped a 7.48% since then

    SU stock RSI chart

    Suncor Energy stock price history

    Suncor Energy went public on Mar 17th, 1980 at $0.00 per share1. Since then, SU stock surged by -, with an average of 0.00% per year. If you had invested $1,000USD in Suncor Energy stock on Mar 1980, it would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    SU stock price history chart

    Price target for Suncor Energy stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and many times. If you are a small trader you shouldn't invest based on these price targets.

    There is just one price target available for Suncor Energy that forecasts a price of $30.00.

    Suncor Energy stock price predictions
    Brokerage firmPrice target
    Jan 6th, 2021
    National Bank Financial Not available
    Jan 14th, 2021
    Scotiabank $27.00$30.00

    Earnings and financials

    Suncor Energy ($SU) hosted the earnings call and presented the report last October. Suncor Energy missed Wall St estimates and presented of $-0.20, that is a -42.86% less than the initial estimates of $-0.14. Similarly, reported revenues were $6.5 billion versus estimates of $7.1 billion.

    This compares to Earnings of $0.72 per share a year ago, so reported EPS is a loss of -127.78%. Looking at turnover, figures sank a -34.44% compared to $98.0B same quarter last year.

    Suncor Energy ($SU) is hosting the earnings call on Wednesday next week.

    Suncor Energy performance

    SU performance compared
    Company1m3m6m
    Suncor Energy ($SU) -0.10% 40.50% 4.70%

    Please read:
    The comments written in this article are personal and not recommendations for you to buy or sell shares. The author of this report does not have an understanding of the particular positions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for education purposes only

    Suncor Energy summary

    Tuesday, January 26th, 2021
    Open$17.67
    Close$17.2
    Day range$17.19 - $17.93
    Previous close$17.52
    Session gain-1.83%
    Average true range$0.91
    50d mov avg$17.21
    100d mov avg$14.91
    200d mov avg$15.73
    Earnings dateFebruary 3rd, 2021

    Frequently asked questions

    What is Suncor Energy stock symbol?

    Suncor Energy Inc. is a public company trading in the US stock market with the SU symbol

    Is Suncor Energy stock a buy or sell?

    Suncor Energy received 2 ratings in the last 30 days: 1 bullish, 0 bearish and 0 neutral.

    Will SU go up?

    Suncor Energy had different price forecasts published by market analysts in the last month forecasting the target price to $30.00. That is a 74.42% than the current price ($17.20).