SILGAN HOLDINGS INC (SLGN) Stock Technical Analysis
NYSE:SLGN - New York Stock Exchange, Inc. - US8270481091 - Common Stock - Currency: USD
Overall SLGN gets a technical rating of 0 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.
When comparing the yearly performance of all stocks, SLGN is a bad performer in the overall market: 82% of all stocks are doing better.
SLGN is one of the lesser performing stocks in the Containers & Packaging industry. 90% of 22 stocks in the same industry do better.
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.
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.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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
43.87
58.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 45.47 to 45.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.31 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 46.38 to 46.63. 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.
- A resistance zone ranging from 57.53 to 57.53. 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 | NEUTRAL | NEUTRAL | The long term trend for SLGN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLGN is down. |
| ChartMill Relative Strength | 18.08 | NEGATIVE | SLGN has a low relative strength, it was outperformed by 81.92% 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) | 25.34 | OVERSOLD | The low RSI value suggests SLGN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests SLGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.62 | OVERSOLD | The low Stochastics value suggests SLGN may be oversold. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for SLGN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.86 | POSITIVE | The high ADX value value for SLGN suggests a strong 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)
46.37
-0.25 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-0.54%
1 Week1.51%
2 Weeks-16.78%
1 Month-15.68%
3 Month-13.6%
6 Month-13.73%
12 Month-5.29%
2 Year2.75%
3 Year1.8%
5 Year21.83%
10 Year77.12%
15 Year210.27%
Volatility
ATR(14)1.56
ATR(20)%2.92%
ATR Inc-58.27%
Range Today0.62
ADR(20)1.14
ADR(20)%2.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.08
Mansfield-1.92
10 Day High55.92
10 Day Low45.23
20 Day High56.85
20 Day Low45.23
52 Week High58.14
52 Week Low44.37
CS1 End45.67
CR1 Start46.38
Volume & EV
DER(3)-2.38%
DER(5)-0.93%
Volume763.00K
Volume Incr-10.69%
Vol(5)1.04M
Vol(50)857.20K