SONOCO PRODUCTS CO (SON) Stock Technical Analysis
USA - NYSE:SON - US8354951027 - Common Stock
Overall SON gets a technical rating of 0 out of 10. SON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, SON does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 39.60, a Stop Loss order could be placed below this zone.
More info and screens
38.87
We found 1 important support area.
- 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 @41.50 from a horizontal line in the daily time frame.
- A resistance zone ranging from 46.24 to 46.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @48.20 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for SON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SON is down. |
| ChartMill Relative Strength | 15.05 | NEGATIVE | SON has a low relative strength, it was outperformed by 84.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SON is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SON is below 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) | 43.92 | 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. |
| Stochastics (14,3) | 22.42 | NEUTRAL | The Stochastics value for SON is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for SON suggests some volalility. |
| Average Directional Index/ADX (14) | 24.92 | NEUTRAL | The ADX value for SON suggests a possible start of a new trend. |
40.57
+1.3 (+3.31%)
SONOCO PRODUCTS CO / SON FAQ
What is the ChartMill technical rating of SONOCO PRODUCTS CO (SON) stock?
ChartMill assigns a technical rating of 0 / 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 43.922. 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 0.130751, 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 39.6 and a resistance level at 41.5. Check the full technical report for our detailed analysis of SON support and resistance levels.