tradethepoolpool ads

When Suncor Energy (SU) Moves Investors should Listen

Longer Term Trading Plans for SU
  • Buy SU slightly over 30.59 target 35.76 stop loss @ 30.5 Details
  • The technical summary data tells us to buy SU near 30.59 with an upside target of 35.76. This data also tells us to set a stop loss @ 30.5 to protect against excessive loss in case the stock begins to move against the trade. 30.59 is the first level of support below 34.34 , and by rule, any test of support is a buy signal. In this case, support 30.59 would be being tested, so a buy signal would exist.

  • Short SU slightly under 35.76, target 30.59, stop loss @ 35.86 Details
  • The technical summary data is suggesting a short of SU as it gets near 35.76 with a downside target of 30.59. We should have a stop loss in place at 35.86though. 35.76 is the first level of resistance above 34.34, and by rule, any test of resistance is a short signal. In this case, if resistance 35.76 is being tested, so a short signal would exist.

Swing Trading Plans for SU
  • Buy SU slightly over 35.15, target 35.76, Stop Loss @ 35.05 Details
  • If 35.15 begins to break higher, the technical summary data tells us to buy SU just slightly over 35.15, with an upside target of 35.76. The data also tells us to set a stop loss @ 35.05 in case the stock turns against the trade. 35.15 is the first level of resistance above 34.34, and by rule, any break above resistance is a buy signal. In this case, 35.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short SU slightly near 35.15, target 34.14, Stop Loss @ 35.25. Details
  • The technical summary data is suggesting a short of SU if it tests 35.15 with a downside target of 34.14. We should have a stop loss in place at 35.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SU
  • Buy SU slightly over 35.15, target 35.76, Stop Loss @ 35.07 Details
  • If 35.15 begins to break higher, the technical summary data tells us to buy SU just slightly over 35.15, with an upside target of 35.76. The data also tells us to set a stop loss @ 35.07 in case the stock turns against the trade. 35.15 is the first level of resistance above 34.34, and by rule, any break above resistance is a buy signal. In this case, 35.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short SU slightly near 35.15, target 34.14, Stop Loss @ 35.23. Details
  • The technical summary data is suggesting a short of SU if it tests 35.15 with a downside target of 34.14. We should have a stop loss in place at 35.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our  Suncor Energy (SU) Page here: SU.

SU Ratings for February 01:

Term →Near Mid Long
Rating Weak Strong Strong
P1 0 0 30.59
P2 34.13 34.14 35.76
P3 35.11 35.15 41.09
Triggers may have already come
Get Real Time Triggers Here
Support and Resistance Plot Chart for SU

SU Long Term Analysis for February 1 2023

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:
Instructions:
  • Click the Get Real Time Updates button below.

  • In the login prompt, select forgot username

  • Type the email you use for Factset

  • Use the user/pass you receive to login

  • You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Our Market Crash Leading Indicator isEvitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Suncor Energy (NYSE: SU) report below is a real world example. Included are trading plans for SU, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports