SILGAN HOLDINGS INC (SLGN) Technical Analysis
NYSE:SLGN • US8270481091
Current stock price
SLGN Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SLGN. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SLGN is a bad performer in the overall market: 80% 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. The S&P500 Index however is trading in the upper part of its 52 week range, so SLGN is lagging the market.
- SLGN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
SLGN Weekly and Daily overview Charts
SLGN Setup Rating and Analysis
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
SLGN Support and Resistance Analysis
37.17
We found 1 important support area.
- 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.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 39.43 to 39.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 47.12 to 47.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.89 from a horizontal 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.
SLGN 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 | DOWN | NEGATIVE | The long term trend for SLGN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLGN is down. |
| ChartMill Relative Strength | 20.66 | NEGATIVE | SLGN has a low relative strength, it was outperformed by 79.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLGN is below 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) | 27.58 | OVERSOLD | The low RSI value suggests SLGN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests SLGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.8 | OVERSOLD | The low Stochastics value suggests SLGN may be oversold. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for SLGN suggests some volalility. |
| Average Directional Index/ADX (14) | 43.62 | POSITIVE | The high ADX value value for SLGN suggests a strong trend. |
SLGN Chart- and CandleStick Pattern Analysis
SLGN Technicals: Chart, Performance Metrics, Trend & Indicators
38.08
-0.72 (-1.86%)
SILGAN HOLDINGS INC / SLGN TA FAQ
What is the technical rating for SLGN stock?
ChartMill assigns a technical rating of 0 / 10 to SLGN.
What is the current trend direction of SILGAN HOLDINGS INC (SLGN) stock?
The current trend direction for SILGAN HOLDINGS INC (SLGN) is Bearish.
What is the RSI signal for SILGAN HOLDINGS INC (SLGN) stock?
SILGAN HOLDINGS INC (SLGN) has an RSI value of 27.5822. This indicates that the stock is currently oversold.
What is the buy/sell signal for SILGAN HOLDINGS INC (SLGN) stock?
The buy/sell signal for SILGAN HOLDINGS INC (SLGN) is sell as both the short term and long term trends are negative.
What is the support and resistance level for SLGN stock?
SILGAN HOLDINGS INC (SLGN) has a support level at 37.98 and a resistance level at 39.43. Check the full technical report for our detailed analysis of SLGN support and resistance levels.