SONOCO PRODUCTS CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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Type:	Stocks
Ticker:	SON
ISIN:

SONOCO PRODUCTS CO. - Daily - Technical analysis published on 12/10/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 59.56 USD

My targets

64.02 USD (+4.71%)

64.89 USD (+6.13%)

My analysis

The bullish trend is currently very strong on SONOCO PRODUCTS CO.. As long as the price remains above the support at 59.56 USD, you could try to benefit from the boom. The first bullish objective is located at 64.02 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 64.89 USD as an objective. Crossing it would then enable buyers to target 66.38 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

8.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SONOCO PRODUCTS CO. rating 61.14 USD. The price registered a decrease of -0.62% on the session and was traded between 61.02 USD and 61.93 USD over the period. The price is currently at +0.20% from its lowest and -1.28% from its highest.

61.02

61.93

61.14

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of SONOCO PRODUCTS CO. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	58.38	59.56	60.85	61.14	61.74	64.02	64.89
Change (%)	-4.51%	-2.58%	-0.47%	-	+0.98%	+4.71%	+6.13%
Change	-2.76	-1.58	-0.29	-	+0.60	+2.88	+3.75
Level	Major	Intermediate	Intermediate	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.70	59.34	60.43	61.07	62.16	62.79	63.88
Camarilla	61.05	61.20	61.36	61.52	61.68	61.84	62.00
Woodie	58.93	59.45	60.66	61.18	62.38	62.91	64.11
Fibonacci	59.34	60.00	60.41	61.07	61.73	62.13	62.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.65	58.49	60.01	60.85	62.37	63.22	64.73
Camarilla	60.87	61.09	61.30	61.52	61.74	61.95	62.17
Woodie	57.98	58.66	60.34	61.02	62.70	63.38	65.06
Fibonacci	58.49	59.40	59.95	60.85	61.76	62.31	63.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54.05	55.55	57.99	59.49	61.94	63.44	65.88
Camarilla	59.36	59.72	60.08	60.44	60.80	61.16	61.52
Woodie	54.53	55.79	58.47	59.73	62.41	63.67	66.36
Fibonacci	55.55	57.06	57.99	59.49	61.00	61.93	63.44

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.93
MACD (12,26,9):	0.7500
Directional Movement:	17.89
AROON (14):	78.57
DEMA (21):	60.56
Parabolic SAR (0,02-0,02-0,2):	59.55
Elder Ray (13):	1.43
Super Trend (3,10):	58.86
Zig ZAG (10):	61.14
VORTEX (21):	1.2000
Stochastique (14,3,5):	78.55
TEMA (21):	60.94
Williams %R (14):	-21.18
Chande Momentum Oscillator (20):	2.57
Repulse (5,40,3):	0.1600
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	6.37

MA7:	60.43
MA20:	59.49
MA50:	58.18
MA100:	57.89
MAexp7:	60.51
MAexp20:	59.64
MAexp50:	58.79
MAexp100:	58.69
Price / MA7:	+1.17%
Price / MA20:	+2.77%
Price / MA50:	+5.09%
Price / MA100:	+5.61%
Price / MAexp7:	+1.04%
Price / MAexp20:	+2.52%
Price / MAexp50:	+4.00%
Price / MAexp100:	+4.17%

News

Don"t forget to follow the news on SONOCO PRODUCTS CO.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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