The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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Ball Corp.
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Summary:
Weekly :Oversold sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe period of low volatility of the stock price
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It was a first positive week for the Ball Corp. (BLL). During the week, the BLL gained 0.84 points, or 2.29%, and closed at 37.60 on Friday, June 08, 2018. It was the best weekly gain since April 13, 2018. BLL was trading at average weekly trading volume.

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 downtrend had started on March 13, 2018 at 41.99 and reached 36.17 on June 6, 2018. BLL lost 5.82 points, or 13.86%, in 12 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See BLL medium-term trend chart]
A medium-term downtrend had started on May 10, 2018 at 38.93 and reached 36.17 on June 6, 2018. BLL lost 2.76 points, or 7.09%, in 3 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 35.97 and resistance is at 38.20. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See BLL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since October 6, 2017. The distance between MACD and the signal line is low and getting smaller. 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 June 6, 2018 at 36.17 and reached 37.77 on June 8, 2018. BLL gained -1.60 points, or -4.42%, in 2 days. The price is now at the 10.63% retracement level.

Daily Technical Indicators: [See BLL daily technical indicators chart]
Daily technical indicators are neutral.

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 distance between the Bollinger Bands is falling, and it was 6.6% on Friday. It is 56.02% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.64
Williams' Percentage Range (W%R) 61.40
Lane's Stochastic (%D-Slow) 31.03
Greed/Fear Indicator (GFI) 38.07
Moving Average Converg./Diverg. (MACD) -0.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.50
Williams' Percentage Range (W%R) 74.50
Lane's Stochastic (%D-Slow) 23.54
Greed/Fear Indicator (GFI) 30.22
Moving Average Converg./Diverg. (MACD) -1.76
Trading Signals
Description Value Chart
Upper Bollinger Band 39.00
50 Day Moving Average 38.96
Monthly Trendline Resistance 38.20
20 Day Moving Average 37.71
Price 37.60
Weekly Stochastic Crossing 37.33
Daily Stochastic Crossing 36.83
Lower Bollinger Band 36.50
Parabolic System 36.13
Monthly Trendline Support 35.97
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Packaging & Containers 18
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 36.17
Low Date 06/06/2018
High 37.77
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.17
Low Date 06/06/2018
High 37.77
High Date 06/08/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 38.20
Support 35.97
High 38.93
High Date 05/10/2018
Low 36.17
Low Date 06/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.61
High Date 04/18/2018
Low 36.17
Low Date 06/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.99
High Date 03/13/2018
Low 36.17
Low Date 06/06/2018
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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