Sony Shares Plunge 4.4% as Technical Breakdown Confirms Bearish Trend

Sony Group shares declined 4.42% in the latest session, closing at 24.735. Below is a technical analysis integrating multiple methodologies across the provided dataset.
Candlestick Theory
Recent price action shows bearish conviction. The latest session formed a long red candle breaking below the critical 25.00 support (established via multiple tests in May-June 2025). This follows an evening star pattern emerging near the 26.94 peak on 2025-06-02: a long green candle (26.62→26.94), followed by a doji (26.69→26.88), and confirmed by the current breakdown. Resistance now converges at 25.00 (psychological) and 25.88 (June 18 high). The breach of 25.00 signals vulnerability toward 24.50-24.69.
Moving Average Theory
The 50-day MA (approx. 25.30) crossed below the 100-day MA (approx. 25.80) last week, triggering a death cross that may accelerate selling pressure. Current trading below all key SMAs (50/100/200-day) confirms a bearish posture. The 200-day MA near 22.50 offers distant support, but persistent sub-25.00 consolidation may extend the downtrend. Near-term recovery requires reclaiming the 50-day MA.
MACD & KDJ Indicators
MACD (12,26,9) maintains a bearish trajectory with the histogram in negative territory for 10 consecutive sessions—the longest streak since February 2025. Simultaneously, KDJ (9,3,3) enters oversold territory (K=18, D=25, J=4), though divergence is absent. This confluence suggests downward momentum persists despite short-term oversold conditions, requiring MACD signal-line crossover for reversal confirmation.
Bollinger Bands
Volatility expansion occurred as price pierced the lower band (24.80) on high volume—a breakdown typically extending trends. Bandwidth expansion from contraction in early June signals renewed directional energy. The 20-day SMA (mid-band) at 25.80 now caps rebounds. A close above 25.00 could trigger a mean-reversion test toward 25.80, but sustained lower-band proximity favors continuation.
Volume-Price Relationship
Distribution patterns intensify. The breakdown candle’s volume (7.8M shares) exceeded the 20-day average by 35%, validating bearish conviction. Conversely, prior rallies (e.g., May 27 +4.03%) saw volume recede, indicating weak upside participation. Volume climaxed at 13.8M shares during the June 2025 support failure, establishing 24.80 as a high-conviction breakdown level.
Relative Strength Index (RSI)
The 14-day RSI (34) approaches oversold territory but lacks bullish divergence, unlike the positive divergence observed in March 2025 that preceded a 30% rally. The current reading aligns with February 2025 levels where the stock declined another 12% before stabilizing. Given the strong momentum descent, oversold conditions may persist before stabilization occurs.
Fibonacci Retracement
Using the swing low of 18.46 (2024-11-15) and high of 26.94 (2025-06-02), key retracements emerge. The 23.6% level (24.94) was breached decisively with today’s close at 24.73. Next support converges at the 38.2% level (23.70), aligning with the 200-day MA. A 50% retracement toward 22.70 remains plausible given bearish momentum confirmation across indicators.
Confluence & Divergence
Confluence reinforces 25.00 as pivotal resistance, validated by: 1) the psychological barrier, 2) Bollinger mid-band, 3) 50-day MA proximity, and 4) 23.6% Fib. Bearish consensus prevails with MACD, volume, and candlestick breakdown aligning. Notable divergence is absent; RSI and KDJ oversold readings lack reversal signals amid persistent momentum.
Conclusion
Sony Group exhibits deteriorating technicals across all indicators. The breakdown below 25.00 support with volume confirmation suggests targets near 23.70. While short-term oversold conditions may trigger consolidative bounces, traders should await MACD reversal signals or recovery above 25.50 before anticipating trend change. Failure to hold 24.69 risks acceleration toward 23.70.