SONY GROUP CORP - SP ADR (SONY) Stock Technical Analysis
USA - NYSE:SONY - US8356993076 - ADR
Taking everything into account, SONY scores 7 out of 10 in our technical rating. In the last year, SONY was one of the better performers, but we do observe some doubts in the very recent evolution.
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.
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23.68
When analyzing the support we can see 4 important areas.
- Support @27.63 from a horizontal line in the daily time frame.
- A support zone ranging from 26.41 to 26.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.45 from a horizontal line in the daily time frame.
- A support zone ranging from 23.92 to 23.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 28.59 to 28.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 29.78 to 30.10. 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 | 87.66 | POSITIVE | SONY has a high relative strength, it outperformed 87.66% 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) | 41.23 | NEUTRAL | The RSI value for SONY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests SONY has a negative trend. |
| Stochastics (14,3) | 13.21 | OVERSOLD | The low Stochastics value suggests SONY may be oversold. |
| 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) | 13.63 | NEGATIVE | The low ADX value for SONY suggests a weak or negative trend. |
27.89
+0.14 (+0.5%)
SONY GROUP CORP - SP ADR / SONY FAQ
What is the technical rating for SONY stock?
ChartMill assigns a technical rating of 7 / 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 Bullish.
What is the RSI signal for SONY GROUP CORP - SP ADR (SONY) stock?
SONY GROUP CORP - SP ADR (SONY) has an RSI value of 41.2309. 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.
What is the buy/sell signal for SONY stock?
The buy/sell signal for SONY GROUP CORP - SP ADR (SONY) is hold as the short term and long term trends are mixed.