Following these proceedings, TD Securities upgraded its Suncor Energy, Inc. [SU] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in early August from “a Market perform” to “an Outperform”. TD Securities revised its rating on September 28, 2023. It rated SU as “a Hold” which previously was an “a Buy”.
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Price Performance Review of SU
On Tuesday, Suncor Energy, Inc. [NYSE:SU] saw its stock fall -2.94% to $39.28. Over the last five days, the stock has gained 2.03%. Suncor Energy, Inc. shares have risen nearly 22.60% since the year began. Nevertheless, the stocks have risen 21.91% over the past one year. While a 52-week high of $41.94 was reached on 08/26/24, a 52-week low of $29.45 was recorded on 01/18/24. SMA at 50 days reached $38.81, while 200 days put it at $36.94.
Levels Of Support And Resistance For SU Stock
The 24-hour chart illustrates a support level at 38.88, which if violated will result in even more drops to 38.47. On the upside, there is a resistance level at 39.70. A further resistance level may holdings at 40.11. The Relative Strength Index (RSI) on the 14-day chart is 55.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.63%. Stochastics %K at 87.40% indicates the stock is a selling.
How much short interest is there in Suncor Energy, Inc.?
A steep rise in short interest was recorded in Suncor Energy, Inc. stocks on 2024-09-13, dropping by -10.11 million shares to a total of 32.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 42.28 million shares. There was a decline of -31.43%, which implies that there is a negative sentiment for the stock.
