pool adsWhat Sony Corporation $SNE is Telling us About its Future
The next move in a stock's price is often identifiable in advance. This Sony Corporation (NYSE: SNE) report attempts to do that, and in the process help investors learn how price acton can be revealing. Trading plans for SNE make these observations actionable, but the data on this page is not real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Strong |
| P1 | 0 | 0 | 99.75 |
| P2 | 101.31 | 98.70 | 106.60 |
| P3 | 103.22 | 101.70 | 114.03 |
Support and Resistance Plot Chart for SNE
Long Term Trading Plans for SNE
March 11, 2021, 4:15 pm ET
The Technical Summary and Trading Plans for SNE help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SNE Report.
SNE - (Long) Support Plan
The technical summary data tells us to buy SNE near 99.75 with an upside target of 106.60. This data also tells us to set a stop loss @ 99.46 to protect against excessive loss in case the stock begins to move against the trade. 99.75 is the first level of support below 103.2 , and by rule, any test of support is a buy signal. In this case, support 99.75 would be being tested, so a buy signal would exist.
SNE - (Short) Resistance Plan
The technical summary data is suggesting a short of SNE as it gets near 106.60 with a downside target of 99.75. We should have a stop loss in place at 106.91though. 106.60 is the first level of resistance above 103.2, and by rule, any test of resistance is a short signal. In this case, if resistance 106.60 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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