Sonae Capital SGPS SA (SONC.LS) Stock Technical Analysis
ELI:SONC - Euronext Lisbon - PTSNP0AE0008
We assign a technical rating of 7 out of 10 to SONC. Although SONC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
SONC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
SONC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, SONC outperforms 58% of them, which is more or less in line with the market.
In the last month SONC has a been trading in a tight range between 0.77 and 0.77.
Besides having an excellent technical rating, SONC also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
0.54
0.80
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.
We found 1 important resistance 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
ELI:SONC (11/20/2020, 7:00:00 PM)
0.77
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0%
2 Weeks0%
1 Month0%
3 Month14.93%
6 Month61.09%
12 Month-4.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0
ATR(20)%0.21%
ATR Inc40%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.75
Mansfield0.82
10 Day High0.77
10 Day Low0.77
20 Day High0.77
20 Day Low0.77
52 Week High0.81
52 Week Low0.39
CS1 End0.76
CR1 Start0.77
Volume & EV
DER(3)0%
DER(5)0%
Volume25.59K
Volume Incr-97.47%
Vol(5)29.08K
Vol(50)707.24K