SILGAN HOLDINGS INC (SLGN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SLGN - US8270481091 - Common Stock
Taking everything into account, SLGN scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. SLGN was also a bad performer in the overall market in the last year.
The technical rating of SLGN is bad and it also does not present a 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
37.17
We found 2 important support areas.
- A support zone ranging from 39.54 to 40.23. 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 37.55 to 37.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 40.86 to 41.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.94 from a trend line in the daily time frame.
- Resistance @55.02 from a horizontal line in the weekly time frame.
- Resistance @57.53 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 | DOWN | NEGATIVE | The long term trend for SLGN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLGN is up. |
| ChartMill Relative Strength | 20.04 | NEGATIVE | SLGN has a low relative strength, it was outperformed by 79.96% 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) | DOWN | MIXED | The current price of SLGN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.31 | NEUTRAL | The RSI value for SLGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests SLGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.12 | OVERBOUGHT | The high Stochastics value suggests SLGN may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for SLGN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.82 | NEGATIVE | The low ADX value for SLGN suggests a weak or negative trend. |
40.85
-0.34 (-0.83%)
SILGAN HOLDINGS INC / SLGN FAQ
What is the technical rating for SLGN stock?
ChartMill assigns a technical rating of 2 / 10 to SLGN.
Can you provide the trend direction for SILGAN HOLDINGS INC?
The current trend direction for SILGAN HOLDINGS INC (SLGN) is Bearish.
Can you provide the RSI signal for SILGAN HOLDINGS INC?
SILGAN HOLDINGS INC (SLGN) has an RSI value of 59.3126. This indicates that the stock is currently neutral.
What is the short term momentum for SLGN stock?
The short term momentum for SILGAN HOLDINGS INC (SLGN) is positive.
Can you provide the buy/sell signal for SILGAN HOLDINGS INC?
The buy/sell signal for SILGAN HOLDINGS INC (SLGN) is hold as the short term and long term trends are mixed.