SONOCO PRODUCTS CO (SON) Stock Technical Analysis
NYSE:SON • US8354951027
We assign a technical rating of 9 out of 10 to SON. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- SON is one of the better performing stocks in the Containers & Packaging industry, it outperforms 71% of 22 stocks in the same industry.
- SON is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SON has a been trading in the 47.00 - 58.44 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- SON has an average volume of 1037840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, SON did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SON has an excellent technical rating, it does not present a decent entry opportunity 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
42.87
When analyzing the support we can see 2 important areas.
- A support zone ranging from 50.52 to 50.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @43.30 from a trend line 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 | 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 | 83.66 | POSITIVE | SON has a high relative strength, it outperformed 83.66% 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) | 73.35 | OVERBOUGHT | The high RSI value suggests SON may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests SON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.32 | OVERBOUGHT | The high Stochastics value suggests SON may be overbought. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for SON suggests some volalility. |
| Average Directional Index/ADX (14) | 48.33 | POSITIVE | The high ADX value value for SON suggests a strong trend. |
56.07
-1.56 (-2.71%)
SONOCO PRODUCTS CO / SON 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.
Can you provide the RSI signal for SONOCO PRODUCTS CO?
SONOCO PRODUCTS CO (SON) has an RSI value of 73.3511. This indicates that the stock is currently overbought.
What is the MACD signal for SON stock?
The MACD indicator for SONOCO PRODUCTS CO (SON) has a value of 0.559174, indicating a bearish trend.
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.