Rose

United

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>SU stock surged above 20,50,100 and 200 day EMAs and is now around $35.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Suncor Energy, Inc met revenue estimates in Q2 2023.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Long term total liabilities of the company are $23.89 Billion and assets are $51.70 Billion.</a> </li> 
</ul> 
<p>Suncor’s stock price surged approximately 11.86% in the past six months and in a week, it added 1.56% to its trading price. When writing, SU stock was trading at $34.53 with an intraday surge of 0.49%.</p> 
<h2 class="wp-block-heading" id="strong-suncor-energy-inc-su-stock-price-analysis-strong"><strong>Suncor Energy, Inc. (SU) Stock Price Analysis&nbsp;</strong></h2> 
<p>The MACD and signal line are reflecting a bullish crossover above the zero line and significant bullish accumulation is seen. On October 19, 2023, the stock was trading above 20, 50,100 and 200 day exponential moving averages.&nbsp;</p> 
<p>The annual price target of SU stock is 12.24% greater than its press time trading price. In the 52-weeks time frame, Suncor stock’s highest traded price was $37.23 and the lowest traded price was $27.59.&nbsp;</p> 
<p>Suncor Energy, Inc has a market capitalization of $44.903 Billion. companiesmarketcap(dot)com data shows the company’s market cap rose around 5% in 2023.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1080" height="581" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-582.png" alt="SU Stock Rose Around 12.50%; is it Close to Being Overbought?" class="wp-image-176917" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-582.png 1080w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-582-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-582-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-582-768x413.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-582-750x403.png 750w" sizes="(max-width: 1080px) 100vw, 1080px">
  <figcaption class="wp-element-caption">
   Source: SU stock price chart from <a href="https://www.tradingview.com/x/OvFjKDje/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>The RSI line is steadily heading towards bullish territory and if the action continues, a further surge in the SU stock price is expected in upcoming days. A steep decline in Suncor Energy, Inc of 2.39% was seen on September 29 2023 followed by 2.56% on October 02.&nbsp;&nbsp;&nbsp;</p> 
<p>TradingView data states that 1.3 Billion SU shares are free floating and remaining 851.776k shares are closely held.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-suncor-energy-inc-financial-updates-strong"><strong>Suncor Energy, Inc Financial Updates&nbsp;</strong></h2> 
<p>Suncor Energy, Inc. impressed its investors by reporting 8.45% more revenue than estimated. However, analysts believed that the company might report $8.15 Billion in revenue in Q2 2023.</p> 
<p>The reported EPS of the company in Q2 2023 was positive $0.72 which was around 2.96% greater than the estimated EPS.&nbsp;</p> 
<p>In the financial year 2022, Suncor Energy Inc. reported 1.34% less revenue than estimated figures from which its net income was positive $6.70 Billion and profit margin was 15.56%.</p> 
<p>Long term total liabilities of the company are $23.89 Billion and assets are $51.70 Billion. Suncor Energy, Inc majorly leads its operations in Canada, the United States and some other foreign countries.&nbsp;</p> 
<p>Suncor Energy, Inc. is an integrated energy company, which engages in the development of petroleum resource basins. It operates through the following segments: Oil Sands, Exploration and Production, Refining and Marketing, and Corporate and Eliminations.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Level- $34.05 &amp; $33.82</p> 
<p>Resistance Level- $35.19 &amp; $35.50</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p> <a href="https://www.thecoinrepublic.com/2023/10/07/suncor-energy-inc-su-stock-lost-8-67-will-the-decline-continue/" target="_blank" rel="noreferrer noopener">SU stock </a>has been profitable trading since past six months and when writing MACD and RSI is reflecting a bullish crossover. As per market analysts, the majority of technical indicators are suggesting further bullishness, and there are major expectations that Suncor Energy stock price might reach its annual price target by the end of October 2023.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</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 assets comes with a risk of financial loss.</p> 
<h2 class="wp-block-heading" id="">&nbsp;</h2>

SU Stock Rose Around 12.50%; is it Close to Being Overbought?

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