SONAE (SON.LS)

PTSON0AM0001 - Common Stock

0.954  -0.01 (-1.24%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to SON. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SON is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.
SON is part of the Consumer Staples Distribution & Retail industry. There are 29 other stocks in this industry. SON outperforms 78% of them.
In the last month SON has a been trading in the 0.92 - 0.99 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SON has an average volume of 2721480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SON outperforms 53% of them, which is more or less in line with the market.
SON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SON is lagging the market.
Weekly and Daily overview Charts
SON Weekly chart
SON Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, SON also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.95, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

0.83

0.99

We found 4 important support areas.

  • A support zone ranging from 0.92 to 0.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 0.90 to 0.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @0.87 from a horizontal line in the daily time frame.
  • A support zone ranging from 0.84 to 0.85. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 0.97 to 0.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.15
Mansfield-0.82
10 Day High0.98
10 Day Low0.92
20 Day High0.99
20 Day Low0.92
52 Week High1.02
52 Week Low0.85
Performance
1 Week1.49%
2 Weeks1.17%
1 Month1.49%
3 Month10.99%
6 Month3.41%
12 Month2.42%
2 Year-13.74%
3 Year21.76%
5 Year7.19%
10 Year-25.82%
15 Year33.8%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)55.02
LBB0.91
UBB0.99
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
0.990.910.08 (8.08%)12.38%
An entry @0.99. This is a Buy Stop order right above the resistance zone.An exit @0.91. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.08 points, which is 8.08%.When investing 12.38% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SON Daily chart

SONAE

ELI:SON (5/29/2024, 5:35:15 PM)

0.954

-0.01 (-1.24%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryConsumer Staples Distribution & Retail
Performance
% Chg-1.24%
1 Week1.49%
2 Weeks1.17%
1 Month1.49%
3 Month10.99%
6 Month3.41%
12 Month2.42%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.02
ATR(20)%1.62%
ATR Inc
Range Today0.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High0.98
10 Day Low0.92
20 Day High0.99
20 Day Low0.92
52 Week High1.02
52 Week Low0.85
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume206.76K
Volume Incr-22.77%
Vol(5)2.91M
Vol(50)2.72M