Weekly structural research ยท NYSE ยท Energy

SU Stage Analysis

Suncor Energy Inc

Week ending 2 Oct 2026Close USD 69.56Tenure DevelopingBenchmark SPY
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Upward Expansion ยท Re-accelerating

The weekly architecture is expanding upward.

Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing.

  • The Trend gate is up within the current regime.
  • Fast Activity versus Slow Activity: improving.
  • Activity structure: moderate and expanding.
Direction 63โˆ’100 bearish to +100 bullish
Energy 58/100directional strength
Maturity 23/100lifecycle context
Confidence 92/100evidence agreement
Trend gate Upstructural direction
Activity structure Moderateexpanding separation
Price acceptance +66.7%position within the Activity structure
Fair Value context +65.7%USD 41.97 ยท improving
Trend Architecture map ยท Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value
Background stage key
  • BalanceDirection is contained.
  • Rotation UpStructure is turning higher.
  • Upward ExpansionUptrend is established.
  • DecelerationUptrend is losing energy.
  • Rotation DownStructure is turning lower.
  • Downward ExpansionDowntrend is established.
View chart values ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-0269.5663.7914.0417334462Upward Expansion6358
2026-09-2568.1963.3612.3519656291Upward Expansion6059
2026-09-1869.4162.9416.5220044720Upward Expansion6963
2026-09-1168.8362.4616.2917765011Upward Expansion6662
2026-09-0467.3362.0013.6632893485Upward Expansion6353
2026-08-2865.0161.5310.6017825382Upward Expansion5335
2026-08-2167.9861.1016.8513072283Upward Expansion6957
2026-08-1465.4060.5111.6726343428Upward Expansion5941
2026-08-0759.7159.962.7831994734Rotation Down3131
2026-07-3166.8559.5119.6318420993Rotation Down5542
2026-07-2465.8158.7819.9318108900Rotation Down4726
2026-07-1762.4358.0013.9519163109Rotation Down1123
2026-07-1059.2557.327.1322290868Rotation Down-2242
2026-07-0355.0556.811.3116783236Deceleration-2845
2026-06-2653.9056.431.7224082084Deceleration-1530
2026-06-1955.3356.092.3230996999Deceleration-718
2026-06-1261.6055.6815.2224493967Upward Expansion3620
2026-06-0562.2255.0817.5426003221Upward Expansion4433
2026-05-2961.9554.3914.8612500578Upward Expansion5844
2026-05-2266.9053.6226.6415210675Upward Expansion6657
2026-05-1567.8452.6930.6216928717Upward Expansion7460
2026-05-0863.5951.6823.8318751454Upward Expansion6052
2026-05-0167.1150.8534.7413976075Upward Expansion7965
2026-04-2463.5849.9630.0014572617Upward Expansion6662
2026-04-1760.7649.2225.8421343241Upward Expansion6666
2026-04-1064.0148.5539.4222450685Upward Expansion6875
2026-04-0365.4747.7849.1725240219Upward Expansion8185
2026-03-2766.2246.8957.7126681236Upward Expansion9281
2026-03-2063.2946.0249.0033368502Upward Expansion9376
2026-03-1359.2045.2038.2128907247Upward Expansion8674
2026-03-0656.4744.4830.8839845335Upward Expansion7777
2026-02-2755.7243.8627.5113093034Upward Expansion7889
2026-02-2054.9543.2625.8726026181Upward Expansion7991
2026-02-1355.2042.6928.5121539127Upward Expansion8995
2026-02-0653.0442.1022.6137863302Upward Expansion8694
2026-01-3052.2241.6321.0422991587Upward Expansion8895
2026-01-2350.1541.1217.2815503876Upward Expansion8794
2026-01-1649.0440.6614.6823220044Upward Expansion8883
2026-01-0946.0340.327.5536796869Upward Expansion7854
2026-01-0244.9540.106.7512294711Upward Expansion7549
2025-12-2642.5039.790.118321430Upward Expansion5943
2025-12-1942.1539.510.8521074504Upward Expansion6351
2025-12-1243.7439.245.0027300025Upward Expansion6877
2025-12-0543.6338.924.3132642648Upward Expansion6879
2025-11-2843.7338.585.0112613089Upward Expansion7381
2025-11-2143.2838.277.8416081273Upward Expansion7274
2025-11-1443.3237.965.8523861117Deceleration7555
2025-11-0741.6237.621.8228075301Deceleration5323
2025-10-3138.8737.29-6.4413002753Deceleration2522
2025-10-2438.8937.06-5.8919084113Deceleration3022
2025-10-1737.6836.98-7.2313982378Upward Expansion3020
2025-10-1038.5636.92-3.6221201467Upward Expansion5843
2025-10-0340.3836.80-1.7314229244Upward Expansion6469
2025-09-2641.6236.592.2319363298Upward Expansion7879
2025-09-1940.5736.41-0.5625475928Upward Expansion7074
2025-09-1240.7436.301.0617748120Upward Expansion7774
2025-09-0539.0336.19-1.6423707132Upward Expansion5950
2025-08-2939.9236.110.7819106096Upward Expansion7250
2025-08-2238.6535.96-2.6324545121Upward Expansion6138
2025-08-1537.5835.90-5.3011397249Upward Expansion4431
2025-08-0837.9135.88-3.8819325621Upward Expansion5536
2025-08-0137.7335.86-2.2516394561Upward Expansion5540
2025-07-2537.9735.75-4.1414544689Upward Expansion5947
2025-07-1837.5535.59-3.9516956302Upward Expansion5641
2025-07-1138.7635.43-0.4120817639Upward Expansion7167
2025-07-0437.0735.29-5.0712898487Upward Expansion6068
2025-06-2736.3335.27-5.5129740297Rotation Up4958
2025-06-2038.8135.294.2227417863Rotation Up3655
2025-06-1339.5935.296.2228307262Downward Expansion3838
2025-06-0635.5535.23-4.8738311072Downward Expansion-1912
2025-05-3033.9735.26-7.7915512405Downward Expansion-3417
2025-05-2334.1335.30-6.1414874323Downward Expansion-3517
2025-05-1634.0735.38-9.0116311794Downward Expansion-3819
2025-05-0933.4135.46-6.4143278375Downward Expansion-5429
2025-05-0234.4535.61-4.2620787494Downward Expansion-5239
2025-04-2534.0235.71-2.9415993882Downward Expansion-5662
2025-04-1833.0135.72-1.8014195918Downward Expansion-5862
2025-04-1131.9735.78-6.5143192580Downward Expansion-7062
2025-04-0431.7335.85-2.1922960322Balance-7355
2025-03-2836.6435.962.4915472442Balance210
2025-03-2135.7935.99-1.3525725432Balance-3625
2025-03-1435.0536.05-2.9026955357Balance-3722
2025-03-0734.1636.16-7.6343504601Balance-2711
2025-02-2836.1836.25-5.2618259482Balance2017
2025-02-2137.3236.18-3.2714562717Balance5531
2025-02-1437.3936.12-4.6225431998Balance2121
2025-02-0736.6236.06-5.1728883693Balance312
2025-01-3135.5036.02-8.1819128927Balance-317
2025-01-2436.8136.00-5.7613343474Balance1319
2025-01-1736.8935.95-3.9627794595Rotation Down85
2025-01-1037.2235.86-0.1919219221Rotation Down-1035
2025-01-0334.4335.74-9.4210723647Rotation Down-3459
2024-12-2733.3235.77-12.9911646431Rotation Down-4056
2024-12-2032.6035.90-14.4622561659Upward Expansion-3633
2024-12-1334.7636.05-10.6723299388Upward Expansion136
2024-12-0636.2736.11-7.4130839397Upward Expansion4641
2024-11-2936.9336.13-4.9618924166Upward Expansion5147
2024-11-2238.8436.061.0219585200Balance6547
2024-11-1537.8635.970.1134568692Balance5726
2024-11-0836.6335.89-5.2711763674Balance4518
2024-11-0135.1635.82-4.9415028606Balance2214
2024-10-2536.4435.84-3.0911405156Balance4529
2024-10-1836.5735.75-3.9211828926Balance4225
2024-10-1137.7835.63-0.1913792541Balance5225
2024-10-0437.3835.47-0.2917158138Balance3621
2024-09-2734.4235.27-8.0323425973Balance-1724
2024-09-2034.8035.19-6.8318739644Upward Expansion1717
2024-09-1334.0835.06-7.7320436464Upward Expansion147
2024-09-0634.9134.92-2.0328144353Upward Expansion4141
2024-08-3037.5334.730.8215334870Upward Expansion6062
2024-08-2337.8134.441.7821543657Upward Expansion6454
2024-08-1638.2734.174.4916737773Deceleration7046
2024-08-0936.7233.854.3225512172Deceleration4824
2024-08-0234.0133.61-3.2218160717Deceleration2113
2024-07-2635.6433.50-0.6613013140Deceleration3924
2024-07-1935.6633.28-1.2816804657Deceleration3923
2024-07-1235.4333.06-3.6614516020Deceleration2313
2024-07-0534.9732.81-3.8216459702Deceleration2722
2024-06-2835.2732.57-1.0424976015Deceleration3025
2024-06-2133.9632.39-4.6231385047Deceleration3623
2024-06-1433.8632.23-4.1726882043Upward Expansion4633
2024-06-0735.1732.111.2032280430Upward Expansion6251
2024-05-3137.3931.939.0427293112Upward Expansion7466
2024-05-2436.9131.697.5525451998Upward Expansion7163
2024-05-1736.7231.437.2926903393Upward Expansion7466
2024-05-1036.7231.229.3522576476Upward Expansion7968
2024-05-0335.0331.016.5418131124Upward Expansion6664
2024-04-2636.1030.8010.6314458305Upward Expansion8190
2024-04-1935.3030.6311.2023380015Upward Expansion7789
2024-04-1234.5230.465.6020296621Upward Expansion7187
2024-04-0535.7230.367.6021246005Upward Expansion9195
2024-03-2933.8130.190.9613269904Upward Expansion8185
2024-03-2232.8830.08-1.5516026890Upward Expansion7581
2024-03-1533.0529.951.1327294896Upward Expansion7979
2024-03-0831.5629.82-3.5025547508Balance6366
2024-03-0132.0029.70-2.7833812912Balance4248
2024-02-2330.7129.54-6.2117393722Balance2623
2024-02-1629.9529.42-7.4028312168Balance178
2024-02-0929.1029.29-10.6317747757Balance-139
2024-02-0229.0829.17-9.8615358175Deceleration167
2024-01-2629.6529.06-7.0814137207Deceleration2515
2024-01-1928.5228.93-10.0612202560Deceleration1912
2024-01-1229.6928.81-5.6320437787Deceleration3118
2024-01-0530.6128.71-1.1320800226Deceleration3915
2023-12-2929.0128.58-7.879015105Deceleration815
2023-12-2229.0028.47-7.9119327630Deceleration1015
2023-12-1528.0028.33-10.5332243147Deceleration213
2023-12-0827.8428.23-9.1428550228Deceleration37
2023-12-0129.8728.13-2.4440762349Deceleration2615
2023-11-2429.2728.00-3.6715123156Deceleration3620
2023-11-1730.2327.930.1424941751Deceleration4323
2023-11-1029.6927.800.3033310584Deceleration3922
2023-11-0330.2027.763.0516331366Deceleration4529
2023-10-2729.0527.674.5318968980Upward Expansion4124
2023-10-2030.3227.606.2616884318Upward Expansion4836
2023-10-1330.6127.434.5518880416Upward Expansion5641
Price vs TrendAbove+9.0%
Trend directionRising+8.5%
Price vs current Fair ValuePremium+65.7%
Fair Value directionClosing upward+24.2%
Relative Strength vs benchmarkLeading+14.0%
Relative strength directionImproving+12.7%
Price momentumPositive+6.3%
Volume balanceDemand-led2.96ร—
Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

63 / ยฑ100

+0.3 points since 2026-09-04

Energy

58 /100

+5.2 points since 2026-09-04

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance16
Rotation Up64
Upward Expansion85
Deceleration48
Rotation Down14
Downward Expansion12

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind todayโ€™s regime

2023-10-13 to 2026-10-02 ยท 156 classified observations out of 156 shown.

Balance 16%Rotation Up 1%Upward Expansion 51%Deceleration 19%Rotation Down 6%Downward Expansion 6%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Upward Expansion2026-08-142026-10-02Developing+6.4%
Rotation Down2026-07-102026-08-07Developing+0.8%
Deceleration2026-06-192026-07-03New-0.5%
Upward Expansion2025-11-212026-06-12Extended+42.3%
Deceleration2025-10-242025-11-14New+11.4%
Upward Expansion2025-07-042025-10-17Established+1.7%
Rotation Up2025-06-202025-06-27New-6.4%
Downward Expansion2025-04-112025-06-13Developing+23.9%
Balance2025-01-242025-04-04Developing-13.8%
Rotation Down2024-12-272025-01-17New+10.7%
Upward Expansion2024-11-292024-12-20New-11.7%
Balance2024-09-272024-11-22Developing+12.9%
Upward Expansion2024-08-232024-09-20Developing-7.9%
Deceleration2024-06-212024-08-16Developing+12.7%
Classic Stage Analysis comparison
Stage 1 ยท Basing24
Stage 2 ยท Advancing100
Stage 3 ยท Distribution49
Stage 4 ยท Declining0

Legacy result: Stage 2 ยท Stage 2B ยท Advancing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus SPY

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Leading benchmark

Architecture confirmation
97/100
Current Relative Strength
14.04
Relative Strength direction
Improving
Price momentum
+6.3%
Excess performance vs benchmark
-11.4%
Energy regime cohort
74th percentile73 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.82ร—

Latest completed volume relative to typical participation.

Up/down volume2.96ร—

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+0.0%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity USD 68.92rising
Slow Activity USD 64.53rising
Trend Reference USD 63.79+9.0% close margin
Current Fair Value USD 41.97+65.7% close margin
Structural low USD 53.29shock / repair context
What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +6.2%
Annualized volatility +38.0%
From structural high -3.5%
From structural low +88.6%
Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon Samples Median movePositive periodsDirectional follow-through Median excess vs SPY Regime survived Read
Near term33-0.6%-15.4% to +16.4%+48.5%+48.5%-2.1%+69.7%Usable descriptive sample
Intermediate14+1.4%-15.9% to +45.7%+71.4%+71.4%-2.0%+57.1%Usable descriptive sample
Extended9+9.1%+2.8% to +22.5%+100.0%+100.0%+5.6%+44.4%Usable descriptive sample
Full cycle5+19.5%-6.4% to +68.9%+80.0%+80.0%+1.1%+80.0%Usable descriptive sample
Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

Evidence context