Eben@CANSLIM ResearchSuncor Energy (SU) is consolidating in a 12-week Cup with Handle base, with the handle low at 60.10 and a pivot at 67.28. The stock remains in a Stage 2 advancing trend, holding above a rising 30-week moving average, and has passed 7 of 8 trend-template checks. Sentiment is bullish, with the setup viewed as offensive ahead of a potential breakout above the pivot.
Technical Analysis
As of 2026-08-14 · Close $65.82
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 5.63%)
Detected Patterns — What the Market Is Watching
- Cup with Handle — depth 22.7%, length 12 weeks, pivot $67.28. Base formed from 2026-05-18 (left-side high) to 2026-07-31, with the low of $53.57 set on 2026-07-01
- Handle: formed from 2026-07-31 (high $67.28) to 2026-08-07 (low $60.1) — a 10.7% pullback
- Bull Flag after a 22.5% run, currently 2.2% off the flag high
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