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”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of SU
On Tuesday, Suncor Energy, Inc. [NYSE:SU] saw its stock fall -4.40% to $38.28. Over the last five days, the stock has lost -2.55%. Suncor Energy, Inc. shares have risen nearly 19.48% since the year began. Nevertheless, the stocks have risen 11.90% 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 $38.99, while 200 days put it at $37.13.
Levels Of Support And Resistance For SU Stock
The 24-hour chart illustrates a support level at 37.99, which if violated will result in even more drops to 37.69. On the upside, there is a resistance level at 38.75. A further resistance level may holdings at 39.22. The Relative Strength Index (RSI) on the 14-day chart is 46.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.94%. Stochastics %K at 74.13% indicates the stock is a holding.
How much short interest is there in Suncor Energy, Inc.?
A steep rise in short interest was recorded in Suncor Energy, Inc. stocks on 2024-09-30, dropping by -69.02 million shares to a total of 9.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 78.63 million shares. There was a decline of -718.26%, which implies that there is a negative sentiment for the stock.
