SILGAN HOLDINGS INC (SLGN) Stock Technical Analysis
USA - NYSE:SLGN - US8270481091 - Common Stock
44.59 USD
+0.34 (+0.77%)
44.59 USD
0 (0%)
Overall SLGN gets a technical rating of 1 out of 10. SLGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, SLGN is a bad performer in the overall market: 86% of all stocks are doing better.
SLGN is part of the Containers & Packaging industry. There are 22 other stocks in this industry, of which 71% are performing better than SLGN.
SLGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SLGN has a been trading in the 41.30 - 45.02 range, which is quite wide. It is currently trading near the high of this range.
SLGN has an average volume of 1082400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SLGN has a poor technical rating and the quality of the setup is also not perfect 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
41.08
58.11
When analyzing the support we notice one important area.
- A support zone ranging from 41.49 to 42.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 44.60 to 44.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @56.15 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for SLGN is neutral. |
| ChartMill Relative Strength | 14.82 | NEGATIVE | SLGN has a low relative strength, it was outperformed by 85.18% 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) | 58.71 | NEUTRAL | The RSI value for SLGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests SLGN has a positive trend. |
| Stochastics (14,3) | 86.28 | OVERBOUGHT | The high Stochastics value suggests SLGN may be overbought. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for SLGN suggests low volalility. |
| Average Directional Index/ADX (14) | 21.97 | NEUTRAL | The ADX value for SLGN suggests a possible start of a new 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)
44.59
+0.34 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.77%
1 Week3.87%
2 Weeks2.6%
1 Month5.69%
3 Month-19.97%
6 Month-13.32%
12 Month-12.4%
2 Year11.31%
3 Year-5.85%
5 Year29.43%
10 Year75.31%
15 Year164.39%
Volatility
ATR(14)0.91
ATR(20)%1.93%
ATR Inc14.54%
Range Today0.85
ADR(20)0.84
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.82
3 months CRS10.14
6 months CRS12.05
Mansfield-2.16
10 Day High45.02
10 Day Low41.83
20 Day High45.02
20 Day Low41.3
52 Week High58.14
52 Week Low41.3
CS1 End42.11
CR1 Start44.6
Volume & EV
DER(3)-2%
DER(5)-0.33%
Volume1.40M
Volume Incr-20.22%
Vol(5)935.42K
Vol(50)1.08M