Sony Corp (SNE) Technical Analysis
NYSE:SNE
Current stock price
SNE Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to SNE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SNE is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- SNE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SNE is lagging the market slightly.
- In the last month SNE has a been trading in the 100.09 - 107.42 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- SNE has an average volume of 1078210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, SNE turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
SNE Weekly and Daily overview Charts
SNE Setup Rating and Analysis
Although the technical rating is only medium, SNE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 105.01, a Stop Loss order could be placed below this zone.
More info and screens
SNE Support and Resistance Analysis
58.97
When analyzing the support we can see 5 important areas.
- A support zone ranging from 103.72 to 105.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 95.71 to 96.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.36 from a trend line in the weekly time frame.
- Support @78.47 from a trend line in the daily time frame.
- Support @59.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 116.71 to 116.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
SNE Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SNE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNE is neutral. |
| ChartMill Relative Strength | 69.7 | NEUTRAL | SNE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SNE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.52 | NEUTRAL | The RSI value for SNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SNE has a positive trend. |
| Stochastics (14,3) | 71.88 | NEUTRAL | The Stochastics value for SNE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for SNE suggests some volalility. |
SNE Chart- and CandleStick Pattern Analysis
SNE Technicals: Chart, Performance Metrics, Trend & Indicators
106.01
+1.5 (+1.44%)
Sony Corp / SNE TA FAQ
Can you provide the ChartMill technical rating for Sony Corp?
ChartMill assigns a technical rating of 6 / 10 to SNE.
What is the current trend direction of Sony Corp (SNE) stock?
The current trend direction for Sony Corp (SNE) is Bullish.
What is the RSI signal for SNE stock?
Sony Corp (SNE) has an RSI value of 51.524. This indicates that the stock is currently neutral.
What is the short term momentum for SNE stock?
The short term momentum for Sony Corp (SNE) is neutral.
What are the support and resistance levels for Sony Corp (SNE) stock?
Sony Corp (SNE) has a support level at 105.01 and a resistance level at 116.71. Check the full technical report for our detailed analysis of SNE support and resistance levels.