SONOCO PRODUCTS CO (SON)

US8354951027 - Common Stock

57.45  -0.16 (-0.28%)

After market: 57.45 0 (0%)

Technical Rating and Analysis

3

Taking everything into account, SON scores 3 out of 10 in our technical rating. SON performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

63% of all other stocks performed better in the past year than SON.
In the last month SON has a been trading in the 54.63 - 58.78 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SON is part of the Containers & Packaging industry. There are 23 other stocks in this industry, SON did better than 63% of them.
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.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
SON Weekly chart
SON Daily chart
Setup Rating and Analysis

8

Although the technical rating is bad, SON does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 57.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.96, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

49.61

64.34

4 important support areas can be observed.

  • A support zone ranging from 55.49 to 56.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 54.34 to 54.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @52.14 from a horizontal line in the weekly time frame.
  • A support zone ranging from 50.11 to 50.62. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

  • A resistance zone ranging from 57.75 to 58.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @59.73 from a horizontal line in the daily time frame.
  • Resistance @61.28 from a trend line in the weekly time frame.
  • A resistance zone ranging from 62.95 to 63.70. 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
CRS37.68
Mansfield-1.3
10 Day High58.64
10 Day Low54.63
20 Day High58.78
20 Day Low54.63
52 Week High63.74
52 Week Low49.98
Performance
1 Week0.42%
2 Weeks0.98%
1 Month-0.76%
3 Month3.57%
6 Month1.56%
12 Month-2.61%
2 Year-2.16%
3 Year-3.56%
5 Year-0.76%
10 Year36.85%
15 Year198.13%
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)0.04
RSI(14)54.01
LBB55.47
UBB57.82
SON Daily chart

SONOCO PRODUCTS CO

NYSE:SON (2/23/2024, 7:12:40 PM)

After market: 57.45 0 (0%)

57.45

-0.16 (-0.28%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-0.28%
1 Week0.42%
2 Weeks0.98%
1 Month-0.76%
3 Month3.57%
6 Month1.56%
12 Month-2.61%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.18
ATR(20)%1.96%
ATR Inc
Range Today0.63
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 High58.64
10 Day Low54.63
20 Day High58.78
20 Day Low54.63
52 Week High63.74
52 Week Low49.98
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume438.90K
Volume Incr52.63%
Vol(5)605.54K
Vol(50)437.02K