Sonoco Products Company (SON)

Sonoco Products Company is trading at $57.30, up 0.96% on the session. The 50 day average sits at $54.75 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 57.2, which reads as strong, and MACD is bearish crossover. Volume is below average.

The nearest support is around $56.43 with resistance near $58.73, so that band frames the current range. Average daily movement is roughly $1.56, or about 2.7% of the share price, which is what any stop placement has to allow for. The overall health score of 69 out of 100 combines a trend score of 72, momentum of 55 and a risk score of 85.

Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in the United States, Europe, Canada, the Asia Pacific, and internationally. The company operates in two segments, Consumer Packaging and Industrial Paper Packaging. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers, as well as metal and peelable membrane ends, closures, and components. Its Industrial Paper Packaging segment provides paperboard tubes, cones, and cores; paper-based protective packaging; and uncoated recycled paperboards. The company also offers packaging materials, such as plastic, paper, foam, and various other specialty materials. It sells its products in various markets, including the paper, textile, film, food, packaging, construction, and wire and cable markets. The company was founded in 1899 and is headquartered in Hartsville, South Carolina.