The Greedy Trader Weekly Analysis
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- 10/5/2018
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Ball Corp.
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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtOversold sector
Daily :Williams' Percentage Range is overboughtBearish Advance Block CandlestickDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the Ball Corp. (BLL). During the week, the BLL gained 1.94 points, or 4.41%, and closed at 45.93 on Friday, October 05, 2018. It was the best weekly gain since August 3, 2018. Weekly volume was 25% above average.

BLL is a member of Consumer Goods Sector. Consumer Goods is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BLL long-term trend chart]
A long-term uptrend had started on October 1, 2018 at 43.76 and reached 46.18 on October 5, 2018. BLL gained -2.42 points, or -5.53%, in 0 weeks. The price is now at the 10.33% retracement level.

Medium-term trend: [See BLL medium-term trend chart]
A medium-term uptrend had started on June 28, 2018 at 34.71 and reached 46.18 on October 5, 2018. BLL gained -11.47 points, or -33.05%, in 14 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 43.45 and resistance is at 47.58. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BLL weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 6, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 October 1, 2018 at 43.76 and reached 46.18 on October 5, 2018. BLL gained -2.42 points, or -5.53%, in 4 days. The price is now at the 10.33% retracement level.

Daily Technical Indicators: [See BLL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Candlestick pattern: [See BLL candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.92
Williams' Percentage Range (W%R) 11.50
Overbought
Lane's Stochastic (%D-Slow) 68.29
Greed/Fear Indicator (GFI) 74.58
Moving Average Converg./Diverg. (MACD) 0.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.61
Overbought
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 92.79
Strong Overbought
Greed/Fear Indicator (GFI) 85.89
Overbought
Moving Average Converg./Diverg. (MACD) 0.16
Trading Signals
Description Value Chart
Yearly Trendline Resistance 47.58
Price 45.93
Daily Stochastic Crossing 45.77
Upper Bollinger Band 45.67
Weekly Stochastic Crossing 45.65
20 Day Moving Average 44.31
Parabolic System 43.94
Yearly Trendline Support 43.45
Lower Bollinger Band 42.56
50 Day Moving Average 42.24
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Packaging & Containers 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 43.76
Low Date 10/01/2018
High 46.18
High Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.76
Low Date 10/01/2018
High 46.18
High Date 10/05/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.76
Low Date 10/01/2018
High 46.18
High Date 10/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.76
Low Date 10/01/2018
High 46.18
High Date 10/05/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 47.58
Support 43.45
Low 34.71
Low Date 06/28/2018
High 46.18
High Date 10/05/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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