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Sonoco Products Company (SON) - Buy, Sell or Hold?

Sector: Consumer Durables   Sub-Sector: Containers/Packaging
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 18 Aug 2017DojiHanging ManFri, 04 Aug 2017-1.84%
***Stock database and scans are updated around midnight (New York time) every trading day.
48.19 0.00 (0%) Aug 21 9:34am EDT
Open: 48.30 Range: 48.16 - 48.30 Vol: 5.04K Avg Vol: 512.77K
EPS: 2.63 P/E ratio: 18.39 EBITDA: 589.72M Mkt Cap: 4.81B
Analyze "SON" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 48.68
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 48.81
Last Trade is below the 50 day moving average at 50.31
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 52.26
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SON

Stock Trend Analysis - Buy, Sell or Hold "Sonoco Products Company" (SON)?

SON is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that SON has been range bound with a slight upward bias, having traded above the 200 SMA about 66% of the time. The medium term trend for SON is extremely bearish and weak, having traded almost 82% of the time below the 50 day moving average. The 20 day moving average is indicating range bound trading, also with a bearish bias. Objectively, as long as SON is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 52.26. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SON".

The analyst consensus estimates for the 1 year price target for this stock is $52.40* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 18 Aug 2017
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