SONY GROUP CORP - SP ADR (SONY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SONY - US8356993076 - ADR
Taking everything into account, SONY scores 1 out of 10 in our technical rating. SONY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of SONY is bad and it also does not present a quality setup 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.
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26.36
When analyzing the support we notice one important area.
- A support zone ranging from 26.63 to 26.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @26.83 from a trend line in the weekly time frame.
- A resistance zone ranging from 27.57 to 28.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.07 to 30.26. 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 | NEUTRAL | NEUTRAL | The long term trend for SONY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SONY is down. |
| ChartMill Relative Strength | 68.5 | NEUTRAL | SONY is not amongst the best or worst performers 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) | 34.42 | NEUTRAL | The RSI value for SONY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests SONY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.63 | OVERSOLD | The low Stochastics value suggests SONY may be oversold. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for SONY suggests some volalility. |
| Average Directional Index/ADX (14) | 21.41 | NEUTRAL | The ADX value for SONY suggests a possible start of a new trend. |
26.64
-0.13 (-0.49%)
SONY GROUP CORP - SP ADR / SONY FAQ
What is the technical rating for SONY stock?
ChartMill assigns a technical rating of 1 / 10 to SONY.
Can you provide the trend direction for SONY GROUP CORP - SP ADR?
The current trend direction for SONY GROUP CORP - SP ADR (SONY) is Bearish.
What is the RSI signal for SONY GROUP CORP - SP ADR (SONY) stock?
SONY GROUP CORP - SP ADR (SONY) has an RSI value of 34.4217. This indicates that the stock is currently neutral.
What is the short term momentum for SONY GROUP CORP - SP ADR (SONY) stock?
The short term momentum for SONY GROUP CORP - SP ADR (SONY) is negative.