The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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Ball Corp.
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Summary:
Weekly :Trend resistance at 48.14
Daily :Lane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.09
Williams' Percentage Range (W%R) 23.60
Lane's Stochastic (%D-Slow) 93.12
Strong Overbought
Greed/Fear Indicator (GFI) 79.21
Moving Average Converg./Diverg. (MACD) -0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.37
Williams' Percentage Range (W%R) 32.70
Lane's Stochastic (%D-Slow) 44.98
Greed/Fear Indicator (GFI) 55.69
Moving Average Converg./Diverg. (MACD) 1.79
Trading Signals
Description Value Chart
Upper Bollinger Band 49.79
Quarterly Trendline Resistance 48.14
Price 48.12
Daily Stochastic Crossing 48.00
50 Day Moving Average 47.44
20 Day Moving Average 45.77
Weekly Stochastic Crossing 45.68
Parabolic System 45.29
Lower Bollinger Band 43.01
Quarterly Trendline Support 38.82
Sector and Industry
Description Name Rank
Sector Consumer Goods 5
Industry Packaging & Containers 148
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 43.87
Low Date 01/03/2019
High 48.22
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.87
Low Date 01/03/2019
High 48.22
High Date 01/11/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.24
Low Date 12/26/2018
High 48.22
High Date 01/11/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 48.14
Support 38.82
High 50.98
High Date 11/16/2018
Low 42.24
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.71
Low Date 06/28/2018
High 50.98
High Date 11/16/2018
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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