Sony Technical Analysis | Sony Trading: 2023-05-25 | IFCM Tanzania
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Sony Technical Analysis - Sony Trading: 2023-05-25

Sony Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 13829

Buy Stop

Below 12606

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2328
RSI Neutral
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Sell

Sony Chart Analysis

Sony Chart Analysis

Sony Technical Analysis

The technical analysis of the Sony stock price chart on daily timeframe shows #T-6758, Daily has is retracing down toward the 200-day moving average MA(200) after hitting seventeen-month high a week ago. We believe a bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 13829. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 12606. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (12606) without reaching the order (13829), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Sony

Sony stock price declined while the Playstation maker said the success of a hit TV drama is boosting sales of the game series upon which it is based. Will the Sony stock price continue retreating?

Sony said on Wednesday that the success of hit drama "The Last Of Us" from television network HBO is helping sales of the game series upon which it is based. Sony has also brought "The Last Of Us" franchise, which depicts characters struggling for survival in a post-apocalyptic United States, to PC as part of a push to diversify beyond consoles. The company expects PC revenue to rise more than fivefold to $450 million in the current financial year compared to $80 million two years earlier. Earlier there were reports the company is also preparing to expand its reach beyond consoles - into cloud gaming. Sony shares declined 0.78% over day after the announcement. And also on the downside, company’s annual profit outlook fell short of market expectations as reported four weeks ago, which resulted in 4.8% slump over day after the earnings report.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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