SONY GROUP CORP - SP ADR (SONY) Stock Technical Analysis
NYSE:SONY - New York Stock Exchange, Inc. - US8356993076 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to SONY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SONY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SONY is one of the better performing stocks in the market, outperforming 92% 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 95% of them.
SONY 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 SONY is leading the market.
In the last month SONY has a been trading in the 24.35 - 26.60 range, which is quite wide. It is currently trading near the high of this range.
SONY has an average volume of 6926550 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 present a decent entry opportunity 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
20.58
26.56
When analyzing the support we can see 4 important areas.
- A support zone ranging from 24.45 to 24.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.28 from a trend line in the weekly time frame.
- Support @22.40 from a trend line in the daily time frame.
- Support @20.79 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for SONY is up. |
| ChartMill Relative Strength | 92.53 | POSITIVE | SONY has a high relative strength, it outperformed 92.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SONY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SONY is above 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) | 61.83 | NEUTRAL | The RSI value for SONY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests SONY has a positive trend. |
| Stochastics (14,3) | 86.25 | OVERBOUGHT | The high Stochastics value suggests SONY may be overbought. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for SONY suggests some volalility. |
| Average Directional Index/ADX (14) | 19.24 | 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)
26.3
-0.26 (-0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-0.98%
1 Week1.94%
2 Weeks7.17%
1 Month2.14%
3 Month5.03%
6 Month31.17%
12 Month59.7%
2 Year40.34%
3 Year39.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%2.12%
ATR Inc33.75%
Range Today0.22
ADR(20)0.42
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.53
Mansfield2.32
10 Day High26.6
10 Day Low24.48
20 Day High26.6
20 Day Low24.35
52 Week High26.6
52 Week Low15.86
CS1 End24.68
CR1 StartN/A
Volume & EV
DER(3)-4%
DER(5)-5.42%
Volume6.13M
Volume Incr-12.72%
Vol(5)5.96M
Vol(50)6.93M