SONOCO PRODUCTS CO (SON) Stock Technical Analysis
NYSE:SON - New York Stock Exchange, Inc. - US8354951027 - Common Stock - Currency: USD
Taking everything into account, SON scores 0 out of 10 in our technical rating. SON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SON is a bad performer in the overall market: 80% of all stocks are doing better.
SON is one of the lesser performing stocks in the Containers & Packaging industry. 80% of 22 stocks in the same industry do better.
SON is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SON has a been trading in the 44.10 - 46.83 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Although the technical rating is bad, SON does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
40.18
48.88
When analyzing the support we can see 2 important areas.
- Support @43.36 from a horizontal line in the weekly time frame.
- Support @40.59 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 44.77 to 46.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.20 to 48.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for SON is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SON is neutral. |
| ChartMill Relative Strength | 20.04 | NEGATIVE | SON has a low relative strength, it was outperformed by 79.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SON is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.47 | NEUTRAL | The RSI value for SON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests SON has a negative trend. |
| Stochastics (14,3) | 27.47 | NEUTRAL | The Stochastics value for SON is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for SON suggests some volalility. |
| Average Directional Index/ADX (14) | 11.93 | NEGATIVE | The low ADX value for SON suggests a weak or negative trend. |
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)
44.51
+0.11 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.25%
1 Week-2.18%
2 Weeks-0.45%
1 Month-4.03%
3 Month-4.65%
6 Month-9.94%
12 Month-19.95%
2 Year-24.77%
3 Year-22.16%
5 Year-15.09%
10 Year3.59%
15 Year45.67%
Volatility
ATR(14)0.96
ATR(20)%2.03%
ATR Inc3.82%
Range Today0.61
ADR(20)0.86
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.04
Mansfield-1.39
10 Day High46.35
10 Day Low44.25
20 Day High46.83
20 Day Low44.1
52 Week High56.77
52 Week Low39.46
CS1 End43.36
CR1 Start44.8
Volume & EV
DER(3)0.7%
DER(5)1.21%
Volume729.68K
Volume Incr-1.32%
Vol(5)647.76K
Vol(50)788.06K