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(SON) Sonoco Products complete technical analysis [charts+indicators] | Buy/Sell Sonoco Products | (SON) share price targets

Complete technical analysis of Sonoco Products (SON) by charts plus indicators, forecast predictions and share price targets for Sonoco Products (SON)

Sonoco Products trades in USA in Consumer Durables sector.

Showing technical analysis as on 2024-07-23 View latest technical analysis

10 day averaged volume of Sonoco Products is 679435

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	51.90	51.68	52.33	51.03	1.146 times
22 Mon Jul 2024	51.80	52.00	52.04	51.22	0.711 times
19 Fri Jul 2024	51.88	52.08	52.28	51.40	0.765 times
18 Thu Jul 2024	51.92	51.84	52.80	51.60	0.769 times
17 Wed Jul 2024	52.14	51.16	52.26	50.65	1.051 times
16 Tue Jul 2024	51.29	50.79	51.78	50.64	0.591 times
15 Mon Jul 2024	50.56	50.88	51.39	50.51	0.82 times
12 Fri Jul 2024	50.88	50.10	51.04	49.68	1.232 times
11 Thu Jul 2024	49.61	49.47	49.91	49.40	1.36 times
10 Wed Jul 2024	48.94	48.50	49.22	48.50	0.988 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 51.7, but if it comes below 51.7, then a intra day sell could be more profitable.
If you take a sell trade below 51.7, then use 51.7 as stoploss and 50.48 as target. However if you take a buy trade in stock , then use 51.7 as stoploss and 53.2 as target.

Share price targets for Sonoco Products (SON)

Target Type	Value
Downside Target	48.22
Downside Target	50.17
Upside Target	52.33
Upside Target	52.80
Upside Target	55.29
Upside Target	55.61
Upside Target	55.86
Upside Target	58.30
Upside Target	58.38
Upside Target	61.63
Upside Target	61.73

Intraday share price targets for Sonoco Products (SON)

Target Type	Value
Downside Intraday Target	51.18
Downside Intraday Target	50.45
Upside Intraday Target	52.48
Upside Intraday Target	53.05
Downside Intraday Target	51.75

Weekly technical analysis of Sonoco Products (SON)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	51.90	52.00	52.33	51.03	0.465 times
19 Fri Jul 2024	51.88	50.88	52.80	50.51	0.582 times
12 Fri Jul 2024	50.88	48.96	51.04	48.32	2.489 times
05 Fri Jul 2024	48.50	49.53	50.17	48.22	0.903 times
03 Wed Jul 2024	49.57	51.04	51.17	49.10	0.334 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sonoco Products (SON)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	51.90	51.04	52.80	48.22	0.651 times
28 Fri Jun 2024	50.72	61.57	61.73	50.51	1.493 times
31 Fri May 2024	61.37	57.19	61.63	55.29	1.487 times
30 Tue Apr 2024	56.05	57.80	58.38	55.61	0.944 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sonoco Products (SON)

Price action analysis of Sonoco Products ( (SON) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Sonoco Products ( (SON) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sonoco Products ( (SON) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sonoco Products ( (SON) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Sonoco Products stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Sonoco Products in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Sonoco Products Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Sonoco Products in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Sonoco Products is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 50.99 and Sonoco Products (SON) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Sonoco Products (SON) stock. Volume based technical analysis of Sonoco Products (SON) stock is negative.

Sonoco Products Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.