BALL CORP (BALL) Stock Technical Analysis
NYSE:BALL • US0584981064
Taking everything into account, BALL scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BALL is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- BALL is part of the Containers & Packaging industry. There are 22 other stocks in this industry. BALL outperforms 76% of them.
- BALL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- BALL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- BALL has an average volume of 2453280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, BALL did better than 85% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
BALL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 66.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 66.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BALL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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46.57
3 important support areas can be observed.
- A support zone ranging from 66.03 to 66.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 62.93 to 63.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 47.04 to 47.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 66.82 to 67.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BALL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BALL is up. |
| ChartMill Relative Strength | 85.16 | POSITIVE | BALL has a high relative strength, it outperformed 85.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BALL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BALL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BALL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.96 | OVERBOUGHT | The high RSI value suggests BALL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests BALL has a negative trend. |
| Stochastics (14,3) | 81.65 | OVERBOUGHT | The high Stochastics value suggests BALL may be overbought. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for BALL suggests some volalility. |
| Average Directional Index/ADX (14) | 48.29 | POSITIVE | The high ADX value value for BALL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 67.77 | 66.02 | 1.75 (2.58%) | 25.00% |
| An entry @67.77. This is a Buy Stop order right above the resistance zone. | An exit @66.02. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.75 points, which is 2.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.65%. |
- The distance between exit and entry is rather small compared to the average daily movement of BALL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
66.52
-0.62 (-0.92%)
BALL CORP / BALL FAQ
Can you provide the ChartMill technical rating for BALL CORP?
ChartMill assigns a technical rating of 9 / 10 to BALL.
Can you provide the trend direction for BALL CORP?
The current trend direction for BALL CORP (BALL) is Bullish.
What is the RSI signal for BALL CORP (BALL) stock?
BALL CORP (BALL) has an RSI value of 70.9577. This indicates that the stock is currently overbought.
What is the short term momentum for BALL CORP (BALL) stock?
The short term momentum for BALL CORP (BALL) is positive.
What are the support and resistance levels for BALL CORP (BALL) stock?
BALL CORP (BALL) has a support level at 66.51 and a resistance level at 66.82. Check the full technical report for our detailed analysis of BALL support and resistance levels.