SONOCO PRODUCTS CO (SON) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SON - US8354951027 - Common Stock
Overall SON gets a technical rating of 5 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 an average technical rating and it also does not offer a high quality setup 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 41.52 to 41.58. 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 @44.55 from a trend line in the weekly time frame.
- A resistance zone ranging from 46.09 to 46.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 47.93 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 | NEUTRAL | NEUTRAL | The long term trend for SON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SON is up. |
| ChartMill Relative Strength | 34.83 | NEUTRAL | SON is not amongst the best or worst performers 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 | MIXED | The current price of SON is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.42 | NEUTRAL | The RSI value for SON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SON has a positive trend. |
| Stochastics (14,3) | 85.98 | OVERBOUGHT | The high Stochastics value suggests SON may be overbought. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for SON suggests low volalility. |
| Average Directional Index/ADX (14) | 26.17 | POSITIVE | The high ADX value value for SON suggests a strong trend. |
44.37
+0.73 (+1.67%)
SONOCO PRODUCTS CO / SON FAQ
What is the ChartMill technical rating of SONOCO PRODUCTS CO (SON) stock?
ChartMill assigns a technical rating of 5 / 10 to SON.
Can you provide the trend direction for SONOCO PRODUCTS CO?
The current trend direction for SONOCO PRODUCTS CO (SON) is Bearish.
Can you provide the RSI signal for SONOCO PRODUCTS CO?
SONOCO PRODUCTS CO (SON) has an RSI value of 69.4152. 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 0.0949974, indicating a bearish trend.