Suncor Energy Inc. : The technical configuration is positive
| Entry price | Target | Stop-loss | Potential |
|---|
|
CA$26.06 |
CA$29.32 |
CA$25.17 |
+12.51% |
|---|
The underlying tendency is to the upside for shares in Suncor Energy Inc. and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Summary● The company has solid fundamentals for a short-term investment strategy.
● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● For several months, analysts have been revising their EPS estimates roughly upwards.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 21.39 CAD
● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
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SUNCOR ENERGY INC. 
