SONOCO PRODUCTS CO (SON) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SON - US8354951027 - Common Stock
Taking everything into account, SON scores 4 out of 10 in our technical rating. In the past year, SON was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, SON does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for SON in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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38.87
We found 3 important support areas.
- A support zone ranging from 42.33 to 43.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.24 to 41.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 39.26 to 39.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @44.75 from a trend line in the weekly time frame.
- A resistance zone ranging from 46.20 to 46.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 48.34 to 48.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for SON is up. |
| ChartMill Relative Strength | 26.87 | NEGATIVE | SON has a low relative strength, it was outperformed by 73.13% 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) | DOWN | NEGATIVE | The current price of SON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.25 | NEUTRAL | The RSI value for SON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.02 | OVERBOUGHT | The high Stochastics value suggests SON may be overbought. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for SON suggests low volalility. |
| Average Directional Index/ADX (14) | 22.02 | NEUTRAL | The ADX value for SON suggests a possible start of a new trend. |
43.5
+0.34 (+0.79%)
SONOCO PRODUCTS CO / SON FAQ
What is the ChartMill technical rating of SONOCO PRODUCTS CO (SON) stock?
ChartMill assigns a technical rating of 4 / 10 to SON.
What is the trend direction for SON stock?
The current trend direction for SONOCO PRODUCTS CO (SON) is Bearish.
What is the RSI signal for SON stock?
SONOCO PRODUCTS CO (SON) has an RSI value of 65.2512. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SONOCO PRODUCTS CO?
The MACD indicator for SONOCO PRODUCTS CO (SON) has a value of 0.100438, indicating a bearish trend.
What are the support and resistance levels for SONOCO PRODUCTS CO (SON) stock?
SONOCO PRODUCTS CO (SON) has a support level at 43.12 and a resistance level at 44.75. Check the full technical report for our detailed analysis of SON support and resistance levels.