SEALED AIR CORP (SEE) Stock Technical Analysis
NYSE:SEE - New York Stock Exchange, Inc. - US81211K1007 - Common Stock - Currency: USD
Overall SEE gets a technical rating of 6 out of 10. In the last year, SEE was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, SEE does present a nice setup opportunity. 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 32.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.19, a Stop Loss order could be placed below this zone.
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31.01
When analyzing the support we notice one important area.
- A support zone ranging from 31.32 to 32.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 32.26 to 32.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.56 from a trend line in the weekly time frame.
- Resistance @36.67 from a horizontal line in the daily time frame.
- Resistance @37.69 from a horizontal line in the weekly time frame.
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 SEE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SEE is up. |
| ChartMill Relative Strength | 25.21 | NEGATIVE | SEE has a low relative strength, it was outperformed by 74.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SEE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SEE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SEE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.03 | NEUTRAL | The RSI value for SEE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SEE has a negative trend. |
| Stochastics (14,3) | 76.14 | NEUTRAL | The Stochastics value for SEE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for SEE suggests some volalility. |
| Average Directional Index/ADX (14) | 35.28 | POSITIVE | The high ADX value value for SEE 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 |
|---|---|---|---|
| 32.71 | 31.46 | 1.25 (3.82%) | 25.00% |
| An entry @32.71. This is a Buy Stop order right above the resistance zone. | An exit @31.46. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.25 points, which is 3.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.96%. |
- 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.
32.2
-0.24 (-0.74%)