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 9 out of 10. In the last year, SONY was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month SONY has a been trading in the 24.69 - 26.95 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that SONY is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, SONY also shows a nice and consistent pattern of rising prices.
SONY is part of the Household Durables industry. There are 64 other stocks in this industry. SONY outperforms 96% of them.
SONY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SONY is performing more or less in line with the market.
SONY has an average volume of 5798170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although SONY has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
20.90
27.15
When analyzing the support we can see 4 important areas.
- Support @23.83 from a trend line in the weekly time frame.
- Support @22.93 from a trend line in the daily time frame.
- Support @21.82 from a horizontal line in the weekly time frame.
- A support zone ranging from 21.11 to 21.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- 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 | NEUTRAL | NEUTRAL | The short term trend for SONY is neutral. |
| ChartMill Relative Strength | 88.56 | POSITIVE | SONY has a high relative strength, it outperformed 88.56% 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) | UP | MIXED | The current price of SONY is below the rising 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) | 39.96 | NEUTRAL | The RSI value for SONY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests SONY has a negative trend. |
| Stochastics (14,3) | 7.55 | OVERSOLD | The low Stochastics value suggests SONY may be oversold. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for SONY suggests low volalility. |
| Average Directional Index/ADX (14) | 18.15 | 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)
24.75
-1.13 (-4.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-4.37%
1 Week-6.25%
2 Weeks-6%
1 Month-0.56%
3 Month-1.9%
6 Month17.75%
12 Month53.67%
2 Year37.44%
3 Year51.34%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%2%
ATR Inc92.04%
Range Today0.31
ADR(20)0.31
ADR(20)%1.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.56
Mansfield1.25
10 Day High26.74
10 Day Low24.69
20 Day High26.95
20 Day Low24.69
52 Week High26.95
52 Week Low15.96
CS1 End23.83
CR1 Start26.66
Volume & EV
DER(3)-2.46%
DER(5)-2.01%
Volume8.33M
Volume Incr-14.92%
Vol(5)4.96M
Vol(50)5.80M