SONOCO PRODUCTS CO (SON) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SON - US8354951027 - Common Stock
Overall SON gets a technical rating of 2 out of 10. 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.
SON has a poor technical rating and the quality of the setup is also only medium 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.
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38.87
When analyzing the support we can see 2 important areas.
- A support zone ranging from 40.78 to 41.33. 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.
4 important resistance areas can be observed.
- Resistance @42.30 from a horizontal line in the daily time frame.
- Resistance @45.36 from a trend line in the weekly time frame.
- Resistance @46.41 from a horizontal line in the daily time frame.
- A resistance zone ranging from 47.82 to 48.34. 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 | 21.79 | NEGATIVE | SON has a low relative strength, it was outperformed by 78.21% 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) | DOWN | MIXED | The current price of SON is above 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) | 59.77 | NEUTRAL | The RSI value for SON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests SON has a positive trend. |
| Stochastics (14,3) | 86.42 | OVERBOUGHT | The high Stochastics value suggests SON may be overbought. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for SON suggests some volalility. |
| Average Directional Index/ADX (14) | 18.58 | NEGATIVE | The low ADX value for SON suggests a weak or negative trend. |
42.29
+0.12 (+0.28%)
SONOCO PRODUCTS CO / SON FAQ
What is the ChartMill technical rating of SONOCO PRODUCTS CO (SON) stock?
ChartMill assigns a technical rating of 2 / 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 59.7695. 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 0.30065, 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 41.33 and a resistance level at 42.3. Check the full technical report for our detailed analysis of SON support and resistance levels.