In the meantime, A number of analysts have revised their coverage, including Tudor Pickering Holt & Co.’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. Morgan Stanley also remained covering SU and has decreased its forecast on December 16, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Desjardins revised its rating on November 14, 2024. It rated SU as “a Buy” which previously was an “a Hold”.
Price Performance Review of SU
On Monday, Suncor Energy, Inc [NYSE:SU] saw its stock jump 0.06% to $34.56. Over the last five days, the stock has gained 3.32%. Suncor Energy, Inc shares have fallen nearly -3.14% since the year began. Nevertheless, the stocks have fallen -8.79% over the past one year. While a 52-week high of $41.94 was reached on 02/11/25, a 52-week low of $30.79 was recorded on 04/09/25. SMA at 50 days reached $36.94, while 200 days put it at $38.14.
Levels Of Support And Resistance For SU Stock
The 24-hour chart illustrates a support level at 34.13, which if violated will result in even more drops to 33.69. On the upside, there is a resistance level at 34.84. A further resistance level may holdings at 35.11. The Relative Strength Index (RSI) on the 14-day chart is 45.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.96%. Stochastics %K at 44.88% 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 2025-03-31, dropping by -40.11 million shares to a total of 10.66 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 50.78 million shares. There was a decline of -376.12%, which implies that there is a negative sentiment for the stock.
