
Sonae Capital SGPS SA (SONC.LS) Technical Analysis
ELI:SONC • PTSNP0AE0008
Current stock price
SONC.LS Technical Rating and Analysis
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.
- 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 is trading in the upper part of its 52 week range, but not near new highs, so SONC is leading 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 comparing the performance of all stocks over the past year, SONC turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- In the last month SONC has a been trading in a tight range between 0.77 and 0.77.
SONC.LS Weekly and Daily overview Charts
SONC.LS Setup Rating and Analysis
SONC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
SONC.LS Support and Resistance Analysis
0.54
When analyzing the support we can see 5 important areas.
- 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.
SONC.LS Technical Indicator Signal Analysis
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. |
SONC.LS Chart- and CandleStick Pattern Analysis
SONC.LS Technicals: Chart, Performance Metrics, Trend & Indicators
ELI:SONC (11/20/2020, 7:00:00 PM)
0.77
0 (0%)
Sonae Capital SGPS SA / SONC.LS TA 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.
Can you provide the trend direction for Sonae Capital SGPS SA?
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.
Can you provide the MACD signal for Sonae Capital SGPS SA?
The MACD indicator for Sonae Capital SGPS SA (SONC.LS) has a value of -0.00286478, indicating a bearish trend.
Can you provide the short term momentum for Sonae Capital SGPS SA?
The short term momentum for Sonae Capital SGPS SA (SONC.LS) is positive.