SILGAN HOLDINGS INC (SLGN) Stock Technical Analysis
NYSE:SLGN - US8270481091 - Common Stock
46.92 USD
+0.12 (+0.26%)
46.92 USD
0 (0%)
Taking everything into account, SLGN scores 1 out of 10 in our technical rating. 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.
86% of all other stocks performed better in the past year than SLGN.
SLGN is one of the lesser performing stocks in the Containers & Packaging industry. 85% 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.
In the last month SLGN has a been trading in a tight range between 45.39 and 47.66.
SLGN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 47.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.46, a Stop Loss order could be placed below this zone.
More info and screens
44.03
58.11
We found 2 important support areas.
- A support zone ranging from 45.47 to 46.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.47 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 47.22 to 47.58. 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 | DOWN | NEGATIVE | The short term trend for SLGN is down. |
| ChartMill Relative Strength | 14.34 | NEGATIVE | SLGN has a low relative strength, it was outperformed by 85.66% 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 | 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) | 41.68 | NEUTRAL | The RSI value for SLGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests SLGN has a positive trend. |
| Stochastics (14,3) | 53.93 | NEUTRAL | The Stochastics value for SLGN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for SLGN suggests low volalility. |
| Average Directional Index/ADX (14) | 29.25 | 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)
46.92
+0.12 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.26%
1 Week-0.61%
2 Weeks0.95%
1 Month2.71%
3 Month-14.8%
6 Month-13.61%
12 Month-10.24%
2 Year3.97%
3 Year3.01%
5 Year23.28%
10 Year79.22%
15 Year213.95%
Volatility
ATR(14)0.85
ATR(20)%1.76%
ATR Inc-11.5%
Range Today0.53
ADR(20)0.79
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.34
Mansfield-1.82
10 Day High47.53
10 Day Low45.54
20 Day High47.66
20 Day Low45.39
52 Week High58.14
52 Week Low44.37
CS1 End46.46
CR1 Start47.22
Volume & EV
DER(3)1.12%
DER(5)0.78%
Volume972.40K
Volume Incr-32.93%
Vol(5)963.40K
Vol(50)990.64K