Weekly structural research ยท NYSE ยท Consumer Cyclical

SON Stage Analysis

Sonoco Products Company

Week ending 9 Oct 2026Close USD 47.92Tenure NewBenchmark SPY
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Rotation Down ยท Supply rotation

The Activity Line structure is rotating downward.

Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion.

  • The Trend gate is mixed within the current regime.
  • Fast Activity versus Slow Activity: weakening.
  • Activity structure: wide and expanding.
Direction -33โˆ’100 bearish to +100 bullish
Energy 60/100directional strength
Maturity 13/100lifecycle context
Confidence 78/100evidence agreement
Trend gate Mixedstructural direction
Activity structure Wideexpanding separation
Price acceptance -83.3%position within the Activity structure
Fair Value context -0.4%USD 48.12 ยท weakening
Trend Architecture map ยท Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value
Background stage key
  • BalanceDirection is contained.
  • Rotation UpStructure is turning higher.
  • Upward ExpansionUptrend is established.
  • DecelerationUptrend is losing energy.
  • Rotation DownStructure is turning lower.
  • Downward ExpansionDowntrend is established.
View chart values ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-0947.9252.56-11.544777414Rotation Down-3360
2026-10-0248.7452.72-8.934642982Rotation Down-2958
2026-09-2550.0652.85-6.665208825Rotation Down-2240
2026-09-1848.8453.05-7.786547618Deceleration-2936
2026-09-1147.8453.26-9.856433296Deceleration-2022
2026-09-0451.9553.36-3.085918888Upward Expansion2618
2026-08-2856.4753.305.404652491Upward Expansion5944
2026-08-2159.4852.9911.613859626Upward Expansion7154
2026-08-1458.2752.608.013259208Upward Expansion6858
2026-08-0757.4852.246.865252772Upward Expansion6554
2026-07-3155.8451.887.596802848Upward Expansion6058
2026-07-2457.6951.4612.567208148Upward Expansion7073
2026-07-1756.0550.968.856373505Upward Expansion6265
2026-07-1055.3750.516.025009064Upward Expansion5857
2026-07-0357.4250.0511.494329731Deceleration6845
2026-06-2655.1149.499.487157808Deceleration4726
2026-06-1950.6849.03-1.535929636Deceleration1711
2026-06-1250.5748.68-0.896448020Deceleration611
2026-06-0547.4948.34-6.506146303Deceleration-524
2026-05-2948.6848.07-6.774842743Deceleration215
2026-05-2249.3747.75-4.356023985Balance618
2026-05-1546.6947.41-9.016914657Balance-620
2026-05-0851.5647.140.355763599Upward Expansion3018
2026-05-0149.5446.70-1.487847352Upward Expansion3621
2026-04-2447.9546.45-3.9314835832Upward Expansion3631
2026-04-1756.8146.2714.044938199Upward Expansion7660
2026-04-1055.7945.8717.043661291Upward Expansion7353
2026-04-0354.2745.5518.113806220Upward Expansion6045
2026-03-2752.6445.2318.483959027Upward Expansion5244
2026-03-2050.1445.0010.435231940Upward Expansion6258
2026-03-1352.7744.8614.064522061Upward Expansion6772
2026-03-0652.7944.5912.453586391Upward Expansion6886
2026-02-2755.8844.3016.664460451Upward Expansion9196
2026-02-2055.3443.8515.098212255Upward Expansion9596
2026-02-1350.6543.546.725262245Upward Expansion8492
2026-02-0650.3143.324.644882603Rotation Up8894
2026-01-3047.0643.12-2.345400270Rotation Up4277
2026-01-2347.6443.03-0.923376499Rotation Up5580
2026-01-1647.7542.84-1.215428217Rotation Up5173
2026-01-0946.4242.62-4.484576536Rotation Up4862
2026-01-0243.5042.49-9.262622044Balance2628
2025-12-2642.6442.48-12.272601614Balance-314
2025-12-1942.4642.51-11.796287829Downward Expansion-1817
2025-12-1241.6242.55-13.814741293Downward Expansion-3119
2025-12-0540.6242.64-16.844095112Downward Expansion-3519
2025-11-2841.3442.70-15.533132605Downward Expansion-3925
2025-11-2140.2442.73-15.225216231Downward Expansion-4635
2025-11-1440.1242.84-17.525372037Downward Expansion-5946
2025-11-0739.3742.89-19.426173532Downward Expansion-6372
2025-10-3139.2642.94-21.3912605978Downward Expansion-6678
2025-10-2439.0643.02-21.789502027Rotation Down-6978
2025-10-1738.7443.19-21.506144399Rotation Down-4665
2025-10-1038.3343.36-21.515856178Balance-4244
2025-10-0341.9243.52-16.855432797Balance-1014
2025-09-2642.4943.63-15.325535797Upward Expansion1910
2025-09-1944.8143.72-11.505604814Upward Expansion5131
2025-09-1246.2543.69-8.064453078Upward Expansion6253
2025-09-0544.7343.63-10.174767879Upward Expansion5147
2025-08-2945.7243.61-8.464402134Upward Expansion5948
2025-08-2246.0143.57-8.443821274Balance6130
2025-08-1544.7643.54-11.083535662Balance2723
2025-08-0843.9643.54-12.153317842Balance2021
2025-08-0142.3243.50-13.707159767Balance019
2025-07-2546.2343.59-8.487165414Balance3034
2025-07-1843.8843.57-12.183579501Balance811
2025-07-1144.2643.65-11.234123883Balance-95
2025-07-0444.4943.79-11.304900400Balance-2214
2025-06-2741.9143.90-15.214864307Balance-5037
2025-06-2041.1844.12-14.183030311Balance-5531
2025-06-1342.4744.34-12.173040217Balance-3414
2025-06-0643.1544.48-11.642911592Balance-2514
2025-05-3043.5644.62-9.992458095Balance-2514
2025-05-2343.7044.75-8.822778430Downward Expansion-2914
2025-05-1644.3644.93-10.434451080Downward Expansion-2814
2025-05-0942.4045.08-10.503807925Downward Expansion-4927
2025-05-0242.2645.34-11.787411306Downward Expansion-5233
2025-04-2543.6645.59-6.782816465Downward Expansion-5648
2025-04-1841.5045.81-7.802518242Downward Expansion-6460
2025-04-1140.9946.11-10.745523908Downward Expansion-6956
2025-04-0441.3846.44-5.314486461Downward Expansion-7047
2025-03-2844.1446.76-8.553348030Downward Expansion-5029
2025-03-2144.1247.03-10.385814782Downward Expansion-5028
2025-03-1443.1347.21-12.364039886Downward Expansion-6335
2025-03-0745.1347.34-10.883825389Downward Expansion-4125
2025-02-2845.2047.35-13.965829922Downward Expansion-4533
2025-02-2143.7847.42-17.924982626Downward Expansion-6243
2025-02-1444.6547.56-18.173084855Downward Expansion-5741
2025-02-0743.8747.65-18.893416073Downward Expansion-6749
2025-01-3144.5447.74-18.334386745Downward Expansion-6364
2025-01-2445.3047.74-18.312575663Downward Expansion-6372
2025-01-1744.6447.78-18.693190947Downward Expansion-6478
2025-01-1042.9447.99-20.053405424Downward Expansion-8484
2025-01-0344.8348.30-18.742458910Downward Expansion-7469
2024-12-2745.7048.63-18.202197071Downward Expansion-6848
2024-12-2046.2048.98-17.296158344Downward Expansion-6432
2024-12-1348.5549.29-15.203421489Downward Expansion-3618
2024-12-0647.8949.51-17.282594512Downward Expansion-5131
2024-11-2948.5049.72-16.002309508Downward Expansion-5546
2024-11-2247.6049.82-17.092968394Downward Expansion-5958
2024-11-1546.8149.94-17.622932264Downward Expansion-6558
2024-11-0847.3650.11-18.893255156Downward Expansion-6046
2024-11-0147.3250.23-15.644031597Balance-5130
2024-10-2549.1250.39-14.192997307Balance-3319
2024-10-1849.0150.50-15.633163454Balance-2917
2024-10-1150.1550.57-13.332656055Balance-2010
2024-10-0449.7550.63-13.452063977Balance-810
2024-09-2750.1650.71-12.913390349Downward Expansion-515
2024-09-2050.4750.75-12.346757865Downward Expansion1525
2024-09-1350.9650.79-10.652871699Downward Expansion-421
2024-09-0650.9150.76-7.542600054Downward Expansion-1521
2024-08-3052.3550.77-9.164116901Downward Expansion-1413
2024-08-2349.5950.74-14.074073880Downward Expansion-4231
2024-08-1647.0550.83-17.742767313Downward Expansion-5743
2024-08-0945.3350.98-18.053500438Downward Expansion-7251
2024-08-0247.2851.18-14.984354146Downward Expansion-6048
2024-07-2647.9451.34-16.043023250Downward Expansion-6477
2024-07-1947.5051.42-17.912715910Downward Expansion-6783
2024-07-1246.5951.52-21.484664909Rotation Down-7185
2024-07-0544.4151.62-24.873483361Rotation Down-6261
2024-06-2846.4451.78-20.456206293Rotation Down-4441
2024-06-2150.9151.91-13.377571948Upward Expansion1610
2024-06-1452.4551.87-10.582483909Upward Expansion5543
2024-06-0754.6651.78-5.722339766Upward Expansion6477
2024-05-3156.1951.57-2.362498452Upward Expansion7884
2024-05-2455.5051.34-4.323048051Upward Expansion7980
2024-05-1755.1950.99-5.263174938Upward Expansion7768
2024-05-1053.9950.66-6.172484492Upward Expansion6639
2024-05-0351.5550.43-9.162678155Upward Expansion3113
2024-04-2651.2950.30-9.531819475Upward Expansion3315
2024-04-1951.8350.20-6.611974644Upward Expansion3922
2024-04-1251.1350.08-11.151813867Upward Expansion4623
2024-04-0551.8950.03-11.602209078Upward Expansion5130
2024-03-2952.5049.93-11.801800780Upward Expansion6139
2024-03-2251.2249.89-14.102702807Upward Expansion5130
2024-03-1551.7249.86-11.802519453Upward Expansion5437
2024-03-0852.2349.79-11.311727153Deceleration5831
2024-03-0151.4749.73-13.202453998Deceleration4021
2024-02-2351.6749.71-12.472205287Upward Expansion4322
2024-02-1650.0649.72-14.232952630Upward Expansion4125
2024-02-0951.2249.77-12.981517026Upward Expansion5640
2024-02-0251.2249.77-12.152100026Upward Expansion5953
2024-01-2652.4549.74-9.201800498Rotation Up7065
2024-01-1951.5949.73-10.101403597Rotation Up3749
2024-01-1251.2649.70-9.961524688Rotation Up3445
2024-01-0552.1749.77-7.072373512Rotation Up3640
2023-12-2950.2549.89-12.221294370Balance1817
2023-12-2250.5150.03-11.961767973Balance414
2023-12-1549.7150.13-12.993230200Balance-414
2023-12-0849.0150.23-12.572276253Downward Expansion-618
2023-12-0150.3050.35-10.462477448Downward Expansion-1021
2023-11-2449.8950.43-10.801121815Downward Expansion-1723
2023-11-1749.6050.54-10.791835203Downward Expansion-3419
2023-11-1048.5550.69-10.971570907Downward Expansion-5842
2023-11-0349.1050.84-9.002942212Downward Expansion-6351
2023-10-2745.1150.94-11.802511482Downward Expansion-8085
2023-10-2045.4051.22-13.942233399Downward Expansion-8383
Price vs TrendBelow-8.8%
Trend directionRising+1.3%
Price vs current Fair ValueBelow anchor-0.4%
Fair Value directionMoving away-16.3%
Relative Strength vs benchmarkLagging-11.5%
Relative strength directionWeakening-17.6%
Price momentumNegative-14.1%
Volume balanceDemand-led1.13ร—
Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

-33 / ยฑ100

-13.5 points since 2026-09-11

Energy

60 /100

+38.1 points since 2026-09-11

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance24
Rotation Up15
Upward Expansion28
Deceleration49
Rotation Down72
Downward Expansion57

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind todayโ€™s regime

2023-10-20 to 2026-10-09 ยท 156 classified observations out of 156 shown.

Balance 17%Rotation Up 6%Upward Expansion 30%Deceleration 6%Rotation Down 5%Downward Expansion 36%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Rotation Down2026-09-252026-10-09New-4.3%
Deceleration2026-09-112026-09-18New+2.1%
Upward Expansion2026-07-102026-09-04Developing-6.2%
Deceleration2026-05-292026-07-03Developing+18.0%
Balance2026-05-152026-05-22New+5.7%
Upward Expansion2026-02-132026-05-08Established+1.8%
Rotation Up2026-01-092026-02-06Developing+8.4%
Balance2025-12-262026-01-02New+2.0%
Downward Expansion2025-10-312025-12-19Developing+8.1%
Rotation Down2025-10-172025-10-24New+0.8%
Balance2025-10-032025-10-10New-8.6%
Upward Expansion2025-08-292025-09-26Developing-7.1%
Balance2025-05-302025-08-22Established+5.6%
Downward Expansion2024-11-082025-05-23Extended-7.7%
Classic Stage Analysis comparison
Stage 1 ยท Basing43
Stage 2 ยท Advancing24
Stage 3 ยท Distribution57
Stage 4 ยท Declining76

Legacy result: Stage 4 ยท Stage 4A ยท Breakdown. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus SPY

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Lagging benchmark

Architecture confirmation
79/100
Current Relative Strength
-11.54
Relative Strength direction
Weakening
Price momentum
-14.1%
Excess performance vs benchmark
-29.0%
Consumer Cyclical regime cohort
44th percentile41 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.86ร—

Latest completed volume relative to typical participation.

Up/down volume1.13ร—

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 3

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+25.0%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity USD 48.68falling
Slow Activity USD 52.67falling
Trend Reference USD 52.56-8.8% close margin
Current Fair Value USD 48.12-0.4% close margin
Structural low USD 45.90shock / repair context
What changes the read?

Complete bearish ordering below the Trend Line confirms Downward Expansion; a repaired fast/slow cross and upside acceptance cancel the failure.

Range context +7.2%
Annualized volatility +40.2%
From structural high -20.3%
From structural low +28.1%
Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon Samples Median movePositive periodsDirectional follow-through Median excess vs SPY Regime survived Read
Near term4+3.4%-3.5% to +8.6%+75.0%+25.0%+2.8%+0.0%Too little matched history
Intermediate4+4.3%-11.8% to +23.3%+75.0%+25.0%+4.3%+0.0%Too little matched history
Extended4+4.1%-1.6% to +46.7%+75.0%+25.0%+0.8%+0.0%Too little matched history
Full cycle2-1.8%-7.7% to +4.2%+50.0%+50.0%-19.8%+0.0%Too little matched history
Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

Evidence context