SONY GROUP CORP - SP ADR (SONY) Stock Technical Analysis
NYSE:SONY - New York Stock Exchange, Inc. - US8356993076 - ADR - Currency: USD
Overall SONY gets a technical rating of 4 out of 10. SONY was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month SONY has a been trading in the 23.77 - 26.44 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that SONY is one of the better performing stocks in the market, outperforming 77% of all stocks. On top of that, SONY also shows a nice and consistent pattern of rising prices.
SONY is one of the better performing stocks in the Household Durables industry, it outperforms 87% of 63 stocks in the same industry.
SONY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SONY is lagging the market slightly.
SONY has an average volume of 5679120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
SONY has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
21.41
27.15
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.59 to 23.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.63 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.44 to 24.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.66 to 26.88. 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 | UP | POSITIVE | The long term trend for SONY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SONY is down. |
| ChartMill Relative Strength | 77.28 | POSITIVE | SONY has a high relative strength, it outperformed 77.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SONY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SONY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SONY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.06 | NEUTRAL | The RSI value for SONY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests SONY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.1 | OVERSOLD | The low Stochastics value suggests SONY may be oversold. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for SONY suggests low volalility. |
| Average Directional Index/ADX (14) | 19.57 | NEGATIVE | The low ADX value for SONY suggests a weak or negative trend. |
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)
24.07
+0.15 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.63%
1 Week-1.35%
2 Weeks-4.86%
1 Month-2.75%
3 Month-3.6%
6 Month15.55%
12 Month37.83%
2 Year28.58%
3 Year40.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%1.89%
ATR Inc-0.17%
Range Today0.25
ADR(20)0.26
ADR(20)%1.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.28
Mansfield0.14
10 Day High25.31
10 Day Low23.78
20 Day High26.44
20 Day Low23.78
52 Week High26.95
52 Week Low15.96
CS1 End23.92
CR1 Start24.44
Volume & EV
DER(3)3.74%
DER(5)2.57%
Volume2.75M
Volume Incr-3.51%
Vol(5)4.86M
Vol(50)5.68M