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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 2024-03-08 View latest technical analysis

10 day averaged volume of Sonoco Products is 431910

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Mar 2024	57.55	57.68	58.08	57.45	0.695 times
07 Thu Mar 2024	57.50	57.07	57.54	56.83	0.611 times
06 Wed Mar 2024	56.56	57.04	57.12	56.21	1.024 times
05 Tue Mar 2024	56.78	56.57	57.16	56.42	0.823 times
04 Mon Mar 2024	56.70	56.93	57.35	56.68	0.845 times
01 Fri Mar 2024	56.71	56.55	56.80	56.25	1.094 times
29 Thu Feb 2024	56.68	56.81	57.11	56.49	1.408 times
28 Wed Feb 2024	56.55	56.06	56.78	55.76	1.197 times
27 Tue Feb 2024	56.35	56.64	56.89	56.20	0.978 times
26 Mon Feb 2024	56.93	57.33	57.59	56.66	1.004 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 57.3, but if it comes below 57.3, then a intra day sell could be more profitable.
If you take a sell trade below 57.3, then use 57.3 as stoploss and 56.74 as target. However if you take a buy trade in stock , then use 57.3 as stoploss and 58 as target.

Share price targets for Sonoco Products (SON)

Target Type	Value
Downside Target	52.86
Downside Target	54.63
Downside Target	57.05
Upside Target	57.59
Upside Target	57.80
Upside Target	57.83
Upside Target	58.08
Upside Target	58.64
Upside Target	58.92

Intraday share price targets for Sonoco Products (SON)

Target Type	Value
Downside Intraday Target	56.48
Downside Intraday Target	55.41
Upside Intraday Target	58.35
Upside Intraday Target	59.15
Downside Intraday Target	57.28

Weekly technical analysis of Sonoco Products (SON)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Mar 2024	57.55	56.93	58.08	56.21	0.704 times
01 Fri Mar 2024	56.71	57.33	57.59	55.76	1.113 times
23 Fri Feb 2024	57.45	55.00	57.83	54.63	0.747 times
16 Fri Feb 2024	55.65	57.04	58.64	55.12	1.947 times
09 Fri Feb 2024	56.95	56.54	57.05	56.14	0.722 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
08 Fri Mar 2024	57.55	56.55	58.08	56.21	0.238 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
29 Fri Dec 2023	55.87	55.03	57.80	53.35	1.127 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 56.77 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 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 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.