Sonae Capital SGPS SA (SONC.LS) Stock Technical Analysis
Europe - Euronext Lisbon - ELI:SONC - PTSNP0AE0008
We assign a technical rating of 7 out of 10 to SONC. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SONC is only an average performer.
Besides having an excellent technical rating, SONC also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
0.54
5 important support areas can be observed.
- Support @0.76 from a trend line in the weekly time frame.
- A support zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.69 to 0.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.58 from a trend line in the daily time frame.
- Support @0.55 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.77 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for SONC.LS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SONC.LS is up. |
| ChartMill Relative Strength | 58.75 | NEUTRAL | SONC.LS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SONC.LS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SONC.LS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SONC.LS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.93 | OVERBOUGHT | The high RSI value suggests SONC.LS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SONC.LS has a negative trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for SONC.LS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for SONC.LS suggests low volalility. |
ELI:SONC (11/20/2020, 7:00:00 PM)
0.77
0 (0%)
Sonae Capital SGPS SA / SONC.LS FAQ
What is the ChartMill technical rating of Sonae Capital SGPS SA (SONC.LS) stock?
ChartMill assigns a technical rating of 7 / 10 to SONC.LS.
What is the trend direction for SONC stock?
The current trend direction for Sonae Capital SGPS SA (SONC.LS) is Bullish.
What is the RSI signal for SONC stock?
Sonae Capital SGPS SA (SONC.LS) has an RSI value of 76.9297. This indicates that the stock is currently overbought.
What is the short term momentum for SONC stock?
The short term momentum for Sonae Capital SGPS SA (SONC.LS) is positive.
What are the support and resistance levels for Sonae Capital SGPS SA (SONC.LS) stock?
Sonae Capital SGPS SA (SONC.LS) has a support level at 0.76 and a resistance level at 0.77. Check the full technical report for our detailed analysis of SONC.LS support and resistance levels.