Another Masterstroke From Suncor Energy Inc. (SU), Autohome Inc. (ATHM) – The RNS Daily

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A look at SU technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 49.95 point. Its trading volume has lost -1058024 shares compared to readings over the past three months as it recently exchanged 2571976 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 3630000 shares, and this is 0.71 times the normal volume.

Suncor Energy Inc. (NYSE:SU) climbed by 13.37% over the past three months which led to its overall six-month decrease to stand at -16.31%. The equity price rose 2.5% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -0.24% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -8.08% and is now up by 18.84% since start of this year.

The shares of Suncor Energy Inc. dropped by -21.88% or -$9.31 from its last recorded high of $42.55 which it attained on July 31 to close at $33.24 per share. Over the past 52 weeks, the shares of Suncor Energy Inc. has been trading as low as $25.81 before witnessing a massive surge by 28.79% or $7.43. This price movement has led to the SU stock receiving more attention and has become one to watch out for. It jumped by 1.5% on Sunday and this got the market excited. The stock’s beta now stands at 1.18 and when compared to its 200-day moving average and its 50-day moving average, SU price stands -6.61% below and 0% below respectively. Its average daily volatility for this week is 1.66% which is less than the 1.7% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Suncor Energy Inc. (SU) with most of them predicting a $42.83 price target on a short-term (12 months) basis. The average price target by the analysts will see a 28.85% rise in the stock and would lead to SU’s market cap to surge to $68.53B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 15 analysts that track Suncor Energy Inc. (NYSE:SU) and find out that 3 of them rated it as a Hold. 12 of the 12 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Autohome Inc. (NYSE:ATHM) currently stands at $108.51 after it went up by $3.54 or 3.37% and has found a strong support at $105.21 a share. If the ATHM price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $101.9 mark would also be bad for the stock as it means that the stock would plunge by 6.09% from its current position. However, if the stock price is able to trade above the resistance point around $111.71, then it could likely surge higher to try and break the upward resistance which stands at $114.9 a share. Its average daily volatility over the past one month stands at 4.46%. The stock has plunged by 3.14% from its 52-weeks high of $105.1 which it reached on Jan. 06, 2018. In general, it is 43.39% above its 52-weeks lowest point which stands at $61.43 and this setback was observed on Dec. 11, 2018.

Analysts have predicted a price target for Autohome Inc. (ATHM) for 1 year and it stands at an average $98.11/share. This means that it would likely increase by -9.58% from its current position. The current price of the stock has been moving between $105.1 and $111.6. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $65. On the other hand, one analyst is super bullish about the price, setting a target as high as $114.

The ATHM stock Stochastic Oscillator (%D) is at 88.24%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 11.89 which compares to the 8.24 recorded by the industry or the 2.64 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 20.47, which is lower than the 30.27 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 40.7% over the past five years.

Analysts view Autohome Inc. (NYSE:ATHM) as a Hold, with 2.2 consensus rating. Reuters surveyed 11 analysts that follow ATHM and found that 1 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 8 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Autohome Inc. (ATHM) shares or sell it if they already own it.

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