Suncor Energy Stock Technical Analysis

SU Stock  CAD 54.21  0.58  1.06%   
As of the 13th of May 2024, Suncor Energy has the Risk Adjusted Performance of 0.1915, coefficient of variation of 331.34, and Semi Deviation of 0.7909. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Suncor Energy, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Suncor Energy, which can be compared to its competition. Please validate Suncor Energy variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Suncor Energy is priced more or less accurately, providing market reflects its prevalent price of 54.21 per share.

Suncor Energy Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Suncor, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Suncor
  
Suncor Energy's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Suncor Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Suncor Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Suncor Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Suncor Energy Technical Analysis

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The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Suncor Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Suncor Energy Trend Analysis

Use this graph to draw trend lines for Suncor Energy. You can use it to identify possible trend reversals for Suncor Energy as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Suncor Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Suncor Energy Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Suncor Energy applied against its price change over selected period. The best fit line has a slop of   0.17  , which means Suncor Energy will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1157.58, which is the sum of squared deviations for the predicted Suncor Energy price change compared to its average price change.

About Suncor Energy Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Suncor Energy on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Suncor Energy based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Suncor Energy price pattern first instead of the macroeconomic environment surrounding Suncor Energy. By analyzing Suncor Energy's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Suncor Energy's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Suncor Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.

Suncor Energy May 13, 2024 Technical Indicators

Most technical analysis of Suncor help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Suncor from various momentum indicators to cycle indicators. When you analyze Suncor charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Suncor Energy May 13, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Suncor stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Suncor Energy is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Suncor Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Suncor Energy Stock. Highlighted below are key reports to facilitate an investment decision about Suncor Energy Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Suncor Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Suncor Stock, please use our How to Invest in Suncor Energy guide.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

Complementary Tools for Suncor Stock analysis

When running Suncor Energy's price analysis, check to measure Suncor Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Suncor Energy is operating at the current time. Most of Suncor Energy's value examination focuses on studying past and present price action to predict the probability of Suncor Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suncor Energy's price. Additionally, you may evaluate how the addition of Suncor Energy to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Suncor Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Suncor Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Suncor Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.