Suncor Energy stock: buy or sell
Apr 25th, 2021
Suncor Energy stock brief
- Suncor Energy closed on Friday at $20.37 after inching a 1.44%.
- From the chart point view, price is drawing an scaled downtrend since mid-March with lower tops and lower bottoms. shares price lost a -14.01% since the downtrend started.
- Suncor Energy Inc. operates as an integrated energy company.
Should I buy Suncor Energy stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?
Currently, Suncor Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy now. 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?
Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making rash decisions based on our emotions or the buzz surrounding the market. When selling, as well as buying, our setups are very easy to follow but are only valid for selling stocks you already own, not for shorting Suncor Energy stock
A guiding principle is that you should not keep an investment that generates higher than expected losses upon purchase. When to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Suncor Energy stock?
In the current situation of Suncor Energy there is not any eligible sell setup, so Suncor Energy stock holders with operations in profit can keep their positions
Price lost SMA50 level
Suncor Energy stock gained a 19.30% in a month during the time it was above the 50-d moving average. But that upward trend may be over, or show signs of exhaustion, since the price dropped below that moving-average threshold last Tuesday. For mid-term investors who have benefited from the gains while the price was above the average, this signal should be a wake-up call and a reason to sell the shares and cash in on their profits
Suncor Energy ratings
In the last month, just one analyst rating was published for Suncor Energy
|Apr 15th, 2021|
Suncor Energy stock analysis
Suncor Energy accumulates a price drop of -14.01% since its latest top mid-March at $23.69. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops.
Supports and resistances
The current resistances are:
The current supports are:
Since the price broke down the lower band last Thursday, the price has bounced off by 2.05%. The price is trading very close to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a buy point, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for a single day (weak signal). The RSI value on Friday was 45.07. Since then, Suncor Energy price tanked a 12.46%
Suncor Energy stock price history
Suncor Energy IPO was on Mar 17th, 1980 priced 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 at that time, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Suncor Energy stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price target released by analysts in the last 30 days. If you are a small investor you shouldn't trade based on these projections.
There is just one price target available for Suncor Energy that predicts a price of $33.00.
|Brokerage firm||Price target|
|Apr 15th, 2021|
|Scotiabank||$30.00 → $33.00|
Earnings and financials
Suncor Energy Inc. ($SU) published quarterly earnings of $-0.09 per share last February, significantly enhancing the Wall St consensus estimate of $-0.17 per share. This quarterly report represents an earnings surprise of 47.06%. Forecasted revenue for this quarter was $7.6 billion but Suncor Energy undercut by 12.78%, posting $6.6 billion.Compared to the same quarter one year ago, EPS was $0.51, so current EPS is a reduction of -117.65%. Looking at sales, figures tanked a -30.27% compared to $94.9B same quarter a year ago.
Suncor Energy ($SU) presents quarterly financial report next Tuesday.
Suncor Energy competitors
Suncor Energy belongs to the Oil & Gas Integrated industry, where it has industry peers.
The following are Suncor Energy main competitors:
|Company||Market cap||Rating||Bullish ratings1|
|Suncor Energy ($SU)||$33.2B||Buy||1|
|Exxon Mobil ($XOM)||$244.3B||Neutral||0|
|Canadian Natural Resources (CNQ)||$34.3B|| ||3|
|Imperial Oil (IMO)||$18.2B||Neutral||0|
1 In the last 30 days.
Suncor Energy performance
To better understand Suncor Energy stock performance you must compare its gains with other related stocks in same sector or industry.. For Suncor Energy, the benchmark is made against Exxon Mobil, Chevron, Total, BP, ConocoPhillips, Canadian Natural Resources and Imperial Oil.
|Suncor Energy ($SU)||-0.80%||17.20%||82.90%|
|Exxon Mobil ($XOM)||0.70%||20.50%||74.40%|
|Canadian Natural Resources (CNQ)||-0.10%||24.00%||79.20%|
|Imperial Oil (IMO)||6.80%||28.50%||103.70%|
Please read:The thoughts published in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have an understanding of the individual positions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for general educational motives only
Suncor Energy summary
|Friday, April 23rd, 2021|
|Day range||$20.01 - $20.44|
|Average true range||$0.59|
|50d mov avg||$20.92|
|100d mov avg||$19.16|
|200d mov avg||$16.71|
|Earnings date||May 4th, 2021|