BERRY GLOBAL GROUP INC (BERY) Technical Analysis
NYSE:BERY • US08579W1036
Current stock price
BERY Technical Rating and Analysis
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 one of the better performing stocks in the Containers & Packaging industry, it outperforms 76% of 22 stocks in the same industry.
- 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 trading in the upper part of its 52 week range, so BERY is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
BERY Weekly and Daily overview Charts
BERY Setup Rating and Analysis
BERY has only a medium technical rating, but it does show a decent setup pattern. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
BERY Support and Resistance Analysis
61.12
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.
2 important resistance areas can be observed.
- 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.
BERY Technical Indicator Signal Analysis
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. |
BERY Chart- and CandleStick Pattern Analysis
BERY Technicals: Chart, Performance Metrics, Trend & Indicators
67.58
-2.04 (-2.93%)
BERRY GLOBAL GROUP INC / BERY TA FAQ
What is the ChartMill technical rating of BERRY GLOBAL GROUP INC (BERY) stock?
ChartMill assigns a technical rating of 4 / 10 to BERY.
Can you provide the trend direction for BERRY GLOBAL GROUP INC?
The current trend direction for BERRY GLOBAL GROUP INC (BERY) is Bearish.
Can you provide the RSI signal for BERRY GLOBAL GROUP INC?
BERRY GLOBAL GROUP INC (BERY) has an RSI value of 47.7827. This indicates that the stock is currently neutral.
What is the short term momentum for BERY stock?
The short term momentum for BERRY GLOBAL GROUP INC (BERY) is neutral.
What are the support and resistance levels for BERRY GLOBAL GROUP INC (BERY) stock?
BERRY GLOBAL GROUP INC (BERY) has a support level at 67.45 and a resistance level at 68.21. Check the full technical report for our detailed analysis of BERY support and resistance levels.