The Relative Strength (RS) Rating for Suncor Energy stock entered a new percentile Friday, with a rise from 79 to 82.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs.
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Is Suncor Energy Stock A Buy?
Suncor Energy is now considered extended and out of buy range after clearing a 35.51 buy point in a second-stage consolidation. See if the energy stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth decreased in the most recent quarter from -19% to -30%. But revenue moved higher, from -16% to 2%.
Suncor Energy stock holds the No. 10 rank among its peers in the Oil & Gas-Integrated industry group. Antero Midstream, Williams Cos and Ecopetrol ADR are among the top 5 highly rated stocks within the group.
