As this happened, Desjardins 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 TD Securities’s analysts, who increased its forecast for the stock in early August from “a Hold” to “a Buy”. BMO Capital Markets also remained covering SU and has increased its forecast on August 07, 2024 with a “an Outperform” recommendation from previously “Market perform” rating.
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Price Performance Review of SU
On Tuesday, Suncor Energy, Inc [NYSE:SU] saw its stock fall -2.75% to $39.54. Over the last five days, the stock has lost -3.51%. Suncor Energy, Inc shares have risen nearly 23.41% since the year began. Nevertheless, the stocks have risen 22.49% 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 $38.98, while 200 days put it at $38.15.
Levels Of Support And Resistance For SU Stock
The 24-hour chart illustrates a support level at 39.02, which if violated will result in even more drops to 38.50. On the upside, there is a resistance level at 40.27. A further resistance level may holdings at 41.00. The Relative Strength Index (RSI) on the 14-day chart is 48.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.40%. Stochastics %K at 71.34% 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 2024-11-15, growing by 0.37 million shares to a total of 11.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.06 million shares. There was a rise of 3.24%, which implies that there is a positive sentiment for the stock.
