Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>SU stock price surged more than 3% in the weekly time frame and 12% quarterly.</a> </li> 
 <li> <span>2</span> <a>The MACD and signal line seeking reversal into the positive zone, further surge expected.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Suncor impressed its investors in Q2 2023 with a 8.45% surprise in revenue.&nbsp;</a> </li> 
</ul> 
<p>Suncor stock price went up 3.76% in the weekly time frame and grew more than 12% in a quarter. SU stock has an annual price target of $39.12. The price target is 14.45% greater than its press time trading price.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-suncor-su-stock-price-analysis-strong"><strong>Suncor (SU) Stock Price Analysis&nbsp;</strong></h2> 
<p>In the 52 weeks time frame, SU stock price peaked at $37.23 and its lowest trading price was $27.59. When writing, the stock prices were trading at $34.18 and at the same time above the 20, 50, 100 and 200 days EMAs.&nbsp;</p> 
<p>Suncor Energy, Inc. has a market capitalization of $44.448 Billion and the average trading volume of its shares is 3.71 Million. The MACD and signal line are below the zero line in the bearish region and seem to be heading for the bullish region.&nbsp;</p> 
<p>However the RSI line crossed the boundary and entered the bulls’ region. TradingView data states that 1.3 Billion SU shares are free floating and remaining 838.771k shares are closely held.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1004" height="571" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-27.png" alt="SU Stock Price Running Bullish as MACD Suggests a Upcoming Surge&nbsp;" class="wp-image-179212" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-27.png 1004w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-27-300x171.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-27-768x437.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-27-750x427.png 750w" sizes="(max-width: 1004px) 100vw, 1004px">
  <figcaption class="wp-element-caption">
   Source: SU stock price chart from <a href="https://www.tradingview.com/x/uwCEaLA4/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>Moreover, Suncor stock price grew 16.62% in the past six months and 9.20% in the year-to-date time frame, although it fell 2.62% in a year.&nbsp;&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 impressed its investors in the Q2 2023 as the reported revenue was 8.45% higher than estimated figure. As per analysts, the estimated revenue of the company was $8.15 Billion. The reported EPS of the company was $0.70.&nbsp;</p> 
<p>For the third quarter of 2023, the company is expected to report $9.82 Billion in revenue and $1.03 in EPS. In the financial year 2022, the reported revenue of the company was $43.03 Billion, from which its net income was $6.70 Billion and profit margin was 15.56%.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/11/03/crm-stock-price-regains-200-will-salesforce-stock-reach-230/" target="_blank" rel="noreferrer noopener">Suncor Energy, Inc.</a> 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.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:&nbsp;</strong></h4> 
<p>Support Level: $33.26 &amp; $32.01&nbsp;</p> 
<p>Resistance Level: $35.49 &amp; $37.22&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Conclusion</strong></h5> 
<p><strong> </strong>Since past few months SU stock has been trading profitably and since the last quarter, its price grew around 12%. The MACD and signal line suggest a surge in the trading price is expected.</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>

SU Stock Price Running Bullish as MACD Suggests a Upcoming Surge

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