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Archive
- 11/8/2024 -
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Sealed Air Corp.(New) (SEE) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Sealed Air Corp.(New) (SEE). During the week, the SEE dropped -1.19 points, or -3.25%, and closed at 35.40 on Friday, November 8, 2024. Weekly volume was 8% above average.
 Long-term trend: [See SEE long-term trend chart]
A long-term downtrend had started on March 29, 2022 at 70.72 and reached 28.50 on October 23, 2023. SEE lost 42.22 points, or 59.70%, in 81 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (33.28) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See SEE medium-term trend chart]
A medium-term uptrend had started on August 12, 2024 at 32.06 and reached 38.85 on November 7, 2024. SEE gained -6.79 points, or -21.18%, in 12 weeks. The price is now at the 50.81% retracement level.
 Weekly Technical Indicators: [See SEE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 27, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See SEE short-term trend chart]
A short-term uptrend had started on October 10, 2024 at 34.01 and reached 38.85 on November 7, 2024. SEE gained -4.84 points, or -14.23%, in 28 days. The price is now at the 71.28% retracement level.
Daily Technical Indicators: [See SEE daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 6.44% on Friday. It is 50.52% 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.
Price is close to the 50 Day Moving Average. 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.
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