SONOCO PRODUCTS CO (SON) Technical Analysis
NYSE:SON • US8354951027
Current stock price
SON Technical Rating and Analysis
Taking everything into account, SON scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SON has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SON did better than 71% of all other stocks.
- SON is part of the Containers & Packaging industry. There are 22 other stocks in this industry. SON outperforms 71% of them.
- SON 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 SON is lagging the market slightly.
- In the last month SON has a been trading in the 50.27 - 57.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SON Weekly and Daily overview Charts
SON Setup Rating and Analysis
Although SON has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SON Support and Resistance Analysis
50.15
2 important support areas can be observed.
- A support zone ranging from 52.55 to 53.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.66 to 50.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 56.09 to 56.57. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @57.64 from a horizontal line in the daily time frame.
SON 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 SON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SON is up. |
| ChartMill Relative Strength | 71.96 | POSITIVE | SON has a high relative strength, it outperformed 71.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.75 | NEUTRAL | The RSI value for SON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.19 | NEUTRAL | The Stochastics value for SON is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for SON suggests some volalility. |
| Average Directional Index/ADX (14) | 17.63 | NEGATIVE | The low ADX value for SON suggests a weak or negative trend. |
SON Chart- and CandleStick Pattern Analysis
SON 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 56.58 | 52.96 | 3.62 (6.40%) | 15.63% |
| An entry @56.58. This is a Buy Stop order right above the resistance zone. | An exit @52.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.62 points, which is 6.40%. | For a 1.00% total portfolio risk, you can invest 15.63% of your capital in this trade. |
- 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 Technicals: Chart, Performance Metrics, Trend & Indicators
54.86
-0.08 (-0.15%)
SONOCO PRODUCTS CO / SON TA FAQ
What is the ChartMill technical rating of SONOCO PRODUCTS CO (SON) stock?
ChartMill assigns a technical rating of 9 / 10 to SON.
Can you provide the trend direction for SONOCO PRODUCTS CO?
The current trend direction for SONOCO PRODUCTS CO (SON) is Bullish.
What is the RSI signal for SONOCO PRODUCTS CO (SON) stock?
SONOCO PRODUCTS CO (SON) has an RSI value of 54.7545. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SONOCO PRODUCTS CO?
The buy/sell signal for SONOCO PRODUCTS CO (SON) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for SONOCO PRODUCTS CO?
SONOCO PRODUCTS CO (SON) has a support level at 53.82 and a resistance level at 56.09. Check the full technical report for our detailed analysis of SON support and resistance levels.