Sonoco Stock Technical Analysis

SON -  USA Stock  

USD 61.37  0.90  1.45%

As of the 16th of September 2021, Sonoco Products has the coefficient of variation of (438.46), and Risk Adjusted Performance of (0.12). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Sonoco Products, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Sonoco Products, which can be compared to its competition. Please validate Sonoco Products variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Sonoco Products is priced more or less accurately, providing market reflects its prevalent price of 61.37 per share. Given that Sonoco Products has jensen alpha of (0.08), we advise you to double-check Sonoco Products's current market performance to make sure the company can sustain itself at a future point.

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Sonoco Products Analyst Consensus

Target PriceAdvice# of Analysts
Sonoco Products current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Sonoco analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Sonoco stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Sonoco Products, talking to its executives and customers, or listening to Sonoco conference calls.
Sonoco Analyst Advice Details
Sonoco Products technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Sonoco Products technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Sonoco Products trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Sonoco Products Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Sonoco Products volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Sonoco Products Trend Analysis

Use this graph to draw trend lines for Sonoco Products. You can use it to identify possible trend reversals for Sonoco Products as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Sonoco Products price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Sonoco Products Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Sonoco Products applied against its price change over selected period. The best fit line has a slop of   -0.22  , which may imply that the returns on investment in Sonoco Products will continue to fail. It has 34 observation points and a regression sum of squares at 39.13, which is the sum of squared deviations for the predicted Sonoco Products price change compared to its average price change.

About Sonoco Products Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Sonoco Products on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Sonoco Products based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Sonoco Products stock first instead of the macroeconomic environment surrounding Sonoco Products. By analyzing Sonoco Products's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Sonoco Products's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Sonoco Products specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2021 (projected)
Long Term Debt to Equity0.660.63
Interest Coverage7.586.9

Sonoco Products September 16, 2021 Technical Indicators

Most technical analysis of Sonoco help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Sonoco from various momentum indicators to cycle indicators. When you analyze Sonoco charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Sonoco Products September 16, 2021 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Sonoco stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, take a look at World Market Map. Note that the Sonoco Products information on this page should be used as a complementary analysis to other Sonoco Products' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

Complementary Tools for Sonoco Stock analysis

When running Sonoco Products price analysis, check to measure Sonoco Products' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sonoco Products is operating at the current time. Most of Sonoco Products' value examination focuses on studying past and present price action to predict the probability of Sonoco Products' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Sonoco Products' price. Additionally, you may evaluate how the addition of Sonoco Products to your portfolios can decrease your overall portfolio volatility.
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The market value of Sonoco Products is measured differently than its book value, which is the value of Sonoco that is recorded on the company's balance sheet. Investors also form their own opinion of Sonoco Products' value that differs from its market value or its book value, called intrinsic value, which is Sonoco Products' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sonoco Products' market value can be influenced by many factors that don't directly affect Sonoco Products underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sonoco Products' value and its price as these two are different measures arrived at by different means. Investors typically determine Sonoco Products value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sonoco Products' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.