SONOCO PRODUCTS CO (SON) Technical Analysis
NYSE:SON • US8354951027
Taking everything into account, SON scores 8 out of 10 in our technical rating. 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.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- SON is part of the Containers & Packaging industry. There are 22 other stocks in this industry. SON outperforms 80% of them.
- SON is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SON is performing more or less in line with the market.
- SON has an average volume of 1021180 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 relatively good performance is mostly due to a recent big move.
- In the last month SON has a been trading in the 50.81 - 58.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SON also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 53.31, a Stop Loss order could be placed below this zone.
More info and screens
52.20
We found 1 important support area.
- A support zone ranging from 52.73 to 53.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @56.48 from a horizontal line in the weekly time frame.
- Resistance @57.64 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 | UP | POSITIVE | The long term trend for SON is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SON is neutral. |
| ChartMill Relative Strength | 83.83 | POSITIVE | SON has a high relative strength, it outperformed 83.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SON is below 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) | 50.64 | NEUTRAL | The RSI value for SON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests SON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.62 | NEUTRAL | The Stochastics value for SON is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for SON suggests some volalility. |
| Average Directional Index/ADX (14) | 29 | POSITIVE | The high ADX value value for SON suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 54.00 | 52.72 | 1.28 (2.36%) | 25.00% |
| An entry @54.00. This is a Buy Stop order right above the 10 day moving average. | An exit @52.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.28 points, which is 2.36%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SON. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SON Technicals: Chart, Performance Metrics, Trend & Indicators
53.32
+0.58 (+1.1%)
SONOCO PRODUCTS CO / SON FAQ
What is the ChartMill technical rating of SONOCO PRODUCTS CO (SON) stock?
ChartMill assigns a technical rating of 8 / 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 50.6433. This indicates that the stock is currently neutral.
What is the MACD signal for SON stock?
The MACD indicator for SONOCO PRODUCTS CO (SON) has a value of -0.608983, indicating a bearish trend.