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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.

10 day averaged volume of Sonoco Products is 375270

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	56.13	56.11	56.69	56.04	0.885 times
22 Mon Apr 2024	56.39	57.06	57.06	56.11	1.128 times
19 Fri Apr 2024	57.11	56.18	57.15	56.18	1.129 times
18 Thu Apr 2024	56.40	56.01	56.53	55.79	1.322 times
17 Wed Apr 2024	55.79	56.55	56.63	55.76	1.106 times
16 Tue Apr 2024	56.16	56.31	56.40	55.61	0.932 times
15 Mon Apr 2024	56.54	56.85	57.00	56.16	0.773 times
12 Fri Apr 2024	56.33	56.71	56.91	56.08	0.785 times
11 Thu Apr 2024	57.21	57.91	58.01	57.09	1.046 times
10 Wed Apr 2024	57.76	57.39	58.05	57.30	0.98 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.4, but if it comes above 56.4, then a intra day buy could be more profitable.
If you take a sell trade below 56.4, then use 56.4 as stoploss and 55.5 as target. However if you take a buy trade in stock , then use 56.4 as stoploss and 57.05 as target.

Share price targets for Sonoco Products (SON)

Target Type	Value
Downside Target	53.35
Downside Target	54.63
Upside Target	57.15
Upside Target	57.80
Upside Target	58.13
Upside Target	58.20
Upside Target	58.30
Upside Target	58.38
Upside Target	58.64
Upside Target	58.92

Intraday share price targets for Sonoco Products (SON)

Target Type	Value
Downside Intraday Target	55.76
Downside Intraday Target	55.39
Upside Intraday Target	56.78
Upside Intraday Target	57.43
Upside Intraday Target	56.41

Weekly technical analysis of Sonoco Products (SON)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	56.13	57.06	57.06	56.04	0.383 times
19 Fri Apr 2024	57.11	56.85	57.15	55.61	1.089 times
12 Fri Apr 2024	56.33	57.48	58.38	56.08	0.821 times
05 Fri Apr 2024	57.17	57.80	58.20	56.79	1.227 times
28 Thu Mar 2024	57.84	56.50	58.13	56.33	0.666 times

Price has moved down 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 Apr 2024	56.13	57.80	58.38	55.61	0.732 times
28 Thu Mar 2024	57.84	56.55	58.30	55.86	0.998 times
29 Thu Feb 2024	56.68	57.23	58.64	54.63	1.04 times
31 Wed Jan 2024	56.90	55.87	58.92	55.57	0.937 times

Scroll below to view daily charts

Price has moved down 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sonoco Products ( (SON) ) based on a mid to longer 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.

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

MACD generated a SELL signal for Sonoco Products in short term and the sell signal is strong.

Sonoco Products Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Sonoco Products in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 56.59 and Sonoco Products (SON) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.