SILGAN HOLDINGS INC (SLGN) Stock Technical Analysis
NYSE:SLGN - New York Stock Exchange, Inc. - US8270481091 - Common Stock - Currency: USD
Taking everything into account, SLGN scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SLGN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, SLGN did better than 81% of all other stocks.
SLGN is part of the Containers & Packaging industry. There are 22 other stocks in this industry. SLGN outperforms 71% of them.
SLGN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SLGN is lagging the market slightly.
In the last month SLGN has a been trading in the 52.93 - 56.24 range, which is quite wide. It is currently trading near the high of this range.
Although SLGN has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
43.61
58.12
When analyzing the support we can see 5 important areas.
- A support zone ranging from 53.46 to 54.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.02 from a horizontal line in the daily time frame.
- Support @49.99 from a trend line in the weekly time frame.
- Support @47.81 from a horizontal line in the weekly time frame.
- Support @44.05 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @56.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 57.53 to 57.54. 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 | UP | POSITIVE | The long term trend for SLGN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLGN is neutral. |
| ChartMill Relative Strength | 81.24 | POSITIVE | SLGN has a high relative strength, it outperformed 81.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.61 | NEUTRAL | The RSI value for SLGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SLGN has a positive trend. |
| Stochastics (14,3) | 59.19 | NEUTRAL | The Stochastics value for SLGN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for SLGN suggests low volalility. |
| Average Directional Index/ADX (14) | 10.67 | NEGATIVE | The low ADX value for SLGN 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)
55.84
+1.66 (+3.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg3.06%
1 Week2.16%
2 Weeks2.33%
1 Month3.56%
3 Month16.77%
6 Month9.47%
12 Month35.14%
2 Year27.34%
3 Year25.48%
5 Year45.99%
10 Year108.86%
15 Year292.96%
Volatility
ATR(14)0.92
ATR(20)%1.6%
ATR Inc59.3%
Range Today1.97
ADR(20)0.83
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.24
Mansfield-0.02
10 Day High56.24
10 Day Low53.46
20 Day High56.24
20 Day Low52.93
52 Week High58.14
52 Week Low41.85
CS1 End54.34
CR1 Start54.71
Volume & EV
DER(3)0.51%
DER(5)0.51%
Volume694.46K
Volume Incr63.54%
Vol(5)842.78K
Vol(50)655.41K