Sonoco Products' 15min chart triggered Bollinger Bands Expanding Upward, Bullish Marubozu pattern

Sonoco Products' 15-minute chart has recently exhibited a notable trend, with Bollinger Bands expanding upward and a bullish Marubozu pattern observed on August 12, 2025, at 10:00. This indicates that the market is being predominantly driven by buyers, who are exerting control over the market, and suggests that the bullish momentum is likely to persist in the near future.

Sonoco Products Company (NYSE: SON) has been gaining attention from analysts and investors alike, with recent technical indicators suggesting a bullish trend. The company recently reported earnings for the quarter ending June 2025, which, although slightly below analyst expectations, showed a robust revenue increase and a strong dividend payout. Analysts have overwhelmingly given Sonoco Products a "Moderate Buy" rating, with six firms recommending a buy and two suggesting a hold [1].

The company's earnings per share (EPS) for the quarter were $1.37, falling short of the $1.44 anticipated by analysts. However, the company reported a year-over-year revenue increase of 17.7% to $1.91 billion. Additionally, Sonoco Products declared a quarterly dividend of $0.53, yielding approximately 4.7%, which will be paid to shareholders on September 10th [1].

In terms of technical analysis, Sonoco Products' 15-minute chart has shown notable trends. Bollinger Bands have been expanding upward, indicating increased volatility and potential upward movement. A bullish Marubozu pattern was observed on August 12, 2025, at 10:00, suggesting that the market is predominantly driven by buyers. This pattern indicates a strong bullish momentum that is likely to persist in the near future [1].

Several research firms have initiated coverage on Sonoco Products, with varying ratings and price targets. Jefferies Financial Group issued a "buy" rating with a $62.00 target price, while Raymond James Financial upgraded their rating to "outperform" with a $55.00 target price. UBS Group and Wells Fargo & Company also raised their price targets, indicating confidence in the company's prospects [1].

Institutional investors and hedge funds have also shown interest in Sonoco Products. Dimensional Fund Advisors LP, Nordea Investment Management AB, and other major investors have increased their positions in the company, suggesting a positive outlook among institutional investors [1].

Overall, Sonoco Products Company presents a compelling investment opportunity, backed by strong analyst ratings and encouraging technical indicators. However, investors should carefully consider the company's earnings performance and the potential risks associated with the market's bullish trend.

References:
[1] https://www.marketbeat.com/instant-alerts/sonoco-products-company-nyseson-receives-average-recommendation-of-moderate-buy-from-analysts-2025-08-06/