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- 11/19/2021 -
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Sealed Air Corp.(New) (SEE)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic bearish divergence
Daily :Stochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price
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It was the negative week for the Sealed Air Corp.(New) (SEE). During the week, the SEE dropped -1.62 points, or -2.45%, and closed at 64.50 on Friday, November 19, 2021. Weekly volume was -86% below average.

SEE is a member of Materials Sector. Materials is the second most overbought 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 SEE long-term trend chart]
A long-term uptrend had started on March 19, 2020 at 17.06 and reached 66.68 on November 16, 2021. SEE gained -49.62 points, or -290.86%, in 86 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 60.17 and resistance is at 66.78. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See SEE medium-term trend chart]
A medium-term uptrend had started on October 1, 2021 at 54.51 and reached 66.68 on November 16, 2021. SEE gained -12.17 points, or -22.33%, in 6 weeks. The price is now at the 17.91% retracement level.

Weekly Technical Indicators: [See SEE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 November 5, 2021. 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 downtrend had started on November 16, 2021 at 66.68 and reached 64.20 on November 19, 2021. SEE lost 2.48 points, or 3.72%, in 3 days. The price is now at the 12.10% retracement level.

Daily Technical Indicators: [See SEE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since October 5, 2021. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (64.14) comes close to the price (64.50). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.49
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 69.86
Greed/Fear Indicator (GFI) 73.97
Moving Average Converg./Diverg. (MACD) 1.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.64
Williams' Percentage Range (W%R) 15.30
Overbought
Lane's Stochastic (%D-Slow) 75.38
Bearish
Greed/Fear Indicator (GFI) 71.87
Moving Average Converg./Diverg. (MACD) 2.30
Trading Signals
Description Value Chart
Upper Bollinger Band 68.23
Yearly Trendline Resistance 66.78
Daily Stochastic Crossing 65.56
Price 64.50
Weekly Stochastic Crossing 64.33
Parabolic System 64.14
20 Day Moving Average 62.48
Yearly Trendline Support 60.17
50 Day Moving Average 59.23
Lower Bollinger Band 57.39
Sector and Industry
Description Name Rank
Sector Materials 8
Industry Paper Packaging 20
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 66.68
High Date 11/16/2021
Low 64.20
Low Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 66.68
High Date 11/16/2021
Low 64.20
Low Date 11/19/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 66.68
High Date 11/16/2021
Low 64.20
Low Date 11/19/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.51
Low Date 10/01/2021
High 66.68
High Date 11/16/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 66.78
Support 60.17
Low 17.06
Low Date 03/19/2020
High 66.68
High Date 11/16/2021
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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