Sonae Capital SGPS SA (SONC.LS) Stock Technical Analysis
Europe - Euronext Lisbon - ELI:SONC - PTSNP0AE0008
Taking everything into account, SONC scores 7 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
SONC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
0.54
We found 5 important support 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.
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.
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.