Rose

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NYSE: SU stock price grew 3.50% in the weekly time frame and a surge of 12.59% was seen in a month.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Suncor Energy Inc. has a market capitalization of $44.409 Billion, a surge of 4.45% compared to the market cap of 2022.&nbsp;</a> </li> 
 <li> <span>3</span> <a>In a 52-week time frame, NYSE: SU highest trading price was $37.23, and its lowest traded at $26.43.</a> </li> 
</ul> 
<p>SU stock surged over 9.11% in the YTD time frame and a major uptrend of 12.59% was seen in the past one week. Suncor Energy, Inc. has a market capitalization of $44.409 Billion, market cap rose approximately 4.45% compared to the cap in 2022.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-su-stock-price-analysis-strong"><strong>SU Stock Price Analysis&nbsp;</strong></h2> 
<p>In a 52-week time frame, NYSE: SU highest trading price was $37.23, and its lowest traded at $26.43. As per estimation the annual price target of Suncore share price is $37.43 which is 9% greater than the press time trading price.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="522" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-19-1024x522.png" alt="Suncor Energy Inc: SU Stock Rose 12.59%; Will it stay Bullish?" class="wp-image-164962" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-19-1024x522.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-19-300x153.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-19-768x392.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-19-750x383.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-19.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: SU stock price chart from <a href="https://www.tradingview.com/x/CE9Hyzam/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The RSI indicators show that SU stock trading volume is near the oversold region and there are expectations that a severe decline in the trading price might be seen in the coming sessions.&nbsp;</p> 
<p>The MACD line is heading towards oversold territory and the histogram chart is reflecting a severe accumulation of buyers. As per market analysts the technical indicators are collectively opposing the surge and a possible decline is expected.&nbsp;</p> 
<p>On September 4, 2023, SU stock traded in the range between $34.05 to $34.46. As per estimation, Suncor Energy Inc. stock was trading above 20, 50, 100, and 200-day exponential moving averages.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" loading="lazy" width="977" height="551" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-24.png" alt="Suncor Energy Inc: SU Stock Rose 12.59%; Will it stay Bullish?" class="wp-image-164967" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-24.png 977w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-24-300x169.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-24-768x433.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-24-750x423.png 750w" sizes="(max-width: 977px) 100vw, 977px"> 
  <figcaption class="wp-element-caption">
    Source: Suncor Energy Inc stock price chart in YTD frame from <a href="https://www.tradingview.com/x/8C8pnTEQ/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>In the weekly time frame, SU share price surged over 3% and in the past three months, a surge of 18.17% is noticed. Market observers believe that possible bearish movements are expected in the coming sessions.</p> 
<p>If sellers continued their dominance over buyers then there are possibilities that SU stock price might face immediate support of $33.67 and possibly next support of $32.53.&nbsp;</p> 
<p>In different scenarios if buyers succeed in surpassing sellers in the coming session then a surge in trading price is expected. The nearest resistance is $34.69 and the next resistance of $35.50.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-suncor-energy-inc-financial-updates-strong"><strong>Suncor Energy Inc. Financial Updates</strong></h3> 
<p>Recently Suncor Energy Inc released its Q2 2023, earnings in which it impressed its investors. The estimated revenue of the company was $8.15 Billion however the reported revenue was $8.84 Billion.&nbsp;</p> 
<p>It is important to note that despite reporting 8.45% more revenue than estimated a decline of more than 1% was seen soon after the earnings release. The estimated EPS for the Q2 was positive 0.70.&nbsp;</p> 
<p>According to TradingView 1.3 Billion SU shares are free floating and remaining 876.484k shares are closely held either by financial backers of the company or the board of members.&nbsp;</p> 
<p>Suncor Energy, Inc. is an integrated energy company, which engages in the development of petroleum resource basins.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p>Major Support:$33.67 and $32.53</p> 
<p>Major Resistance: $34.69 and $35.50&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>At the time of publication, SU <a href="https://www.thecoinrepublic.com/2023/09/04/tilray-brands-inc-whales-movement-made-tlry-stock-surge-32/" rel="noopener noreferrer nofollow">stock</a> was trading below 20, 50, and 100-day exponential moving averages. In the weekly time frame, SU share price surged over 3% and in the past three months, a surge of 18.17% was noticed. There are possibilities that sellers might get active by the end of the September 5 trading session.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Suncor Energy Inc: SU Stock Rose 12.59%; Will it stay Bullish?

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