Sonoco Products's 15min chart triggered MACD Death Cross, Bearish Marubozu.

The 15-minute chart for Sonoco Products has recently triggered a MACD Death Cross and a Bearish Marubozu at 10:15 on August 11, 2025. This technical indicator suggests that the stock price may continue to decline, as sellers are currently in control of the market and bearish momentum is expected to persist.

Sonoco Products (NYSE: SON) has recently experienced a significant technical setback, with its 15-minute chart triggering a MACD Death Cross and a Bearish Marubozu at 10:15 on August 11, 2025. These indicators suggest that the stock price may continue to decline, as sellers are currently in control of the market and bearish momentum is expected to persist.

The MACD Death Cross occurs when the MACD line crosses below the signal line, indicating a potential reversal in the stock's trend. A Bearish Marubozu, on the other hand, is characterized by a single candlestick with no wicks, suggesting that the stock price moved in one direction without any resistance. This combination of signals typically indicates a strong bearish trend.

As of the latest reporting period, institutional investors hold approximately 77.69% of Sonoco Products' shares, with a significant portion of these investors recently adjusting their positions. For instance, ING Groep NV reduced its stake by 56.8% in the first quarter, while Northern Trust Corp, Wellington Management Group LLP, and others have increased their holdings [1]. Despite these changes, Sonoco Products' short interest has been increasing, reaching 4.42% as of July 15, 2025, indicating some pessimism among investors [2].

Sonoco Products reported earnings of $1.37 per share for the quarter, missing the consensus estimate of $1.44. The company's revenue was up 17.7% compared to the same quarter last year, but the earnings miss and the increasing short interest may have contributed to the recent technical sell-off. Additionally, several analysts have upgraded the stock, with Wells Fargo & Company, Wall Street Zen, and Raymond James Financial all increasing their price targets and ratings [1].

While the technical indicators suggest a bearish trend, it is essential for investors to consider other factors, such as the company's fundamentals and the broader market conditions. Sonoco Products' recent earnings report and the increasing short interest may warrant further investigation, but the technical signals should not be ignored. As always, investors should conduct thorough research and consider their risk tolerance before making any investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-ing-groep-nv-trims-stake-in-sonoco-products-company-nyseson-2025-08-06/
[2] https://www.marketbeat.com/stocks/NYSE/SON/short-interest/