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|It was a third positive week after 3 consecutive negative weeks for the Ball Corp. (BLL). During the week, the BLL gained 2.53 points, or 5.55%, and closed at 48.12 on Friday, January 11, 2019. It was the best weekly gain since November 2, 2018. Weekly volume was -20% below average. |
Long-term trend: [See BLL long-term trend chart]
A long-term uptrend had started on June 28, 2018 at 34.71 and reached 50.98 on November 16, 2018. BLL gained -16.27 points, or -46.87%, in 20 weeks. The price is now at the 17.58% retracement level.
Medium-term trend: [See BLL medium-term trend chart]
A medium-term downtrend had started on November 16, 2018 at 50.98 and reached 42.24 on December 26, 2018. BLL lost 8.74 points, or 17.14%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (48.14). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
Weekly Technical Indicators: [See BLL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 21, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See BLL short-term trend chart]
A short-term uptrend had started on January 3, 2019 at 43.87 and reached 48.22 on January 11, 2019. BLL gained -4.35 points, or -9.92%, in 8 days. Price is near the trend high.
Daily Technical Indicators: [See BLL daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.