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Takip Edin: @UscMarketsSU Stock Forecast & Suncor Energy Chart Analysis
This article provides a detailed analysis of SU-Suncor Energy Inc. stock including a forecast for SU shares. It features Suncor Energy Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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SU Historical Data Review
SU Current Price Performance Analysis
The Suncor Energy - SU stock traded on the American stock market, on 06-05-2024, closed at 37.76$ with a %0.29 increased compared to the previous day.
In the last month, the price of SU changed by %-2.88 decreased in value, from 38.88 dollars on 05-06-2024 to 37.76 dollars, decreased.
Last year, the price of SU was 29.67 dollars on 06-06-2023, and changed by %27.27 increased in value, to 37.76 dollars increased within a year.
The price of Suncor Energy stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
SU with AI Stock Forecast & Price Target
On the SU chart Suncor Energy price was recorded as 37.76 Dollars on 06/05/2024.
The artificial intelligence's forecast on SU stock is as follows.
The artificial intelligence's prediction error margin for SU stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Suncor Energy stock over the next 4 months is: 34.0 Dollars.
The commentary on SU stock Target Price: Highest: 38.7 Dollars is predicted.
The commentary on SU stock Target Price: Lowest: 30.892 Dollars is predicted.
Resistance Price where Suncor Energy stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 10-03-2024 | 33.802 |
| 12-12-2024 | 33.281 |
| 02-20-2025 | 35.516 |
Support Price where Suncor Energy stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 30.892 |
| 11-07-2024 | 31.260 |
| 12-27-2024 | 33.215 |
| 02-25-2025 | 35.462 |
The commentary on SU stock: The target price can generally be said to be on the rise.
The commentary on SU stock: Fluctuations in the target price can be expected in the coming days.
The target price for Suncor Energy stock by the end of 2024 is predicted to be 33.215 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SU stock, and the 2024 target price predictions for Suncor Energy are detailed above.
The technical analysis and charts for the commentary on SU stock are below.
SU Support & Resistance and Trend Analysis
SU stock you have reviewed the technical analysis support resistance charts regarding.
SU : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SU review, the Suncor Energy support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Suncor Energy Support and Resistance Prices:
| SU Support Level Price | SU Resistance Level Price |
|---|---|
| 29.45 | 33.71 |
| 29.81 | 34.15 |
| 31.03 | 34.30 |
| 31.12 | 34.31 |
| 31.25 | 39.32 |
| 31.58 | 40.39 |
| 36.93 | 41.50 |
| 37.29 | |
| 38.33 |
SU Technical Analysis: SMA, RSI, MACD
Upon reviewing the SU chart, buy and sell signals have been generated in the Suncor Energy technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for SU stock are as follows:- The technical analysis for Suncor Energy indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Suncor Energy stock: Click here to read more predictions on Centene Corporation stock.
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