BERRY GLOBAL GROUP INC (BERY) Stock Technical Analysis
NYSE:BERY - New York Stock Exchange, Inc. - US08579W1036 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to BERY. Although BERY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that BERY is one of the better performing stocks in the market, outperforming 80% of all stocks.
BERY is part of the Containers & Packaging industry. There are 22 other stocks in this industry. BERY outperforms 76% of them.
In the last month BERY has a been trading in the 60.30 - 70.72 range, which is quite wide. It is currently trading near the high of this range.
BERY has an average volume of 2357840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
BERY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BERY is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, BERY does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 68.21. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
61.12
73.76
3 important support areas can be observed.
- A support zone ranging from 67.26 to 67.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.20 from a horizontal line in the weekly time frame.
- A support zone ranging from 61.74 to 62.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 68.21 to 70.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 72.31 to 73.03. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for BERY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BERY is neutral. |
| ChartMill Relative Strength | 80.8 | POSITIVE | BERY has a high relative strength, it outperformed 80.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BERY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BERY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BERY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.78 | NEUTRAL | The RSI value for BERY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests BERY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.11 | OVERBOUGHT | The high Stochastics value suggests BERY may be overbought. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for BERY suggests some volalility. |
| Average Directional Index/ADX (14) | 19.12 | NEGATIVE | The low ADX value for BERY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
67.58
-2.04 (-2.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-2.93%
1 Week-1.97%
2 Weeks-1.04%
1 Month-3.19%
3 Month-0.5%
6 Month-4.25%
12 Month14.81%
2 Year16.9%
3 Year19.93%
5 Year69.84%
10 Year97.49%
15 YearN/A
Volatility
ATR(14)2.1
ATR(20)%3.45%
ATR Inc10.84%
Range Today3.44
ADR(20)2.22
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.8
Mansfield0.47
10 Day High70.07
10 Day Low66.38
20 Day High70.72
20 Day Low60.3
52 Week High74.24
52 Week Low57.52
CS1 End67.45
CR1 Start68.21
Volume & EV
DER(3)1.95%
DER(5)0.62%
Volume18.81M
Volume Incr155.37%
Vol(5)5.02M
Vol(50)2.36M