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|It was a seventh positive week after 3 consecutive negative weeks for the Ball Corp. (BLL). During the week, the BLL gained 1.87 points, or 3.59%, and closed at 53.90 on Friday, February 8, 2019. Weekly volume was -9% below average. |
BLL is a member of Packaging & Containers Industry. Packaging & Containers is the fifth most overbought industry. 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 June 28, 2018 at 34.71 and reached 53.91 on February 8, 2019. BLL gained -19.20 points, or -55.32%, in 32 weeks. Price is near the trend high.
Medium-term trend: [See BLL medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 42.24 and reached 53.91 on February 8, 2019. BLL gained -11.67 points, or -27.63%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 52.37 and resistance is at 55.27. 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since January 18, 2019. This is an indication that the medium-term trend is up. 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 February 4, 2019 at 51.48 and reached 53.91 on February 8, 2019. BLL gained -2.43 points, or -4.72%, in 4 days. Price is near the trend high.
Daily Technical Indicators: [See BLL daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since January 4, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.