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- 1/7/2022 -
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Sealed Air Corp.(New) (SEE)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the priceThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Sealed Air Corp.(New) (SEE). During the week, the SEE dropped -1.77 points, or -2.62%, and closed at 65.70 on Friday, January 7, 2022. It was the worst weekly loss since October 1, 2021. Weekly volume was -87% below average.

SEE is a member of Materials Sector. Materials is the 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 68.54 on January 5, 2022. SEE gained -51.48 points, or -301.76%, in 93 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 63.50 and resistance is at 69.32. 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 68.54 on January 5, 2022. SEE gained -14.03 points, or -25.74%, in 13 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 64.69 and resistance is at 68.65. 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 medium-term trend.

Weekly Technical Indicators: [See SEE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 5, 2022 at 68.54 and reached 65.67 on January 7, 2022. SEE lost 2.87 points, or 4.19%, in 2 days. Price is near the trend low.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (65.6) comes close to the price (65.70). 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.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.18
Williams' Percentage Range (W%R) 33.20
Lane's Stochastic (%D-Slow) 44.22
Greed/Fear Indicator (GFI) 56.08
Moving Average Converg./Diverg. (MACD) 0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.78
Williams' Percentage Range (W%R) 15.00
Overbought
Lane's Stochastic (%D-Slow) 82.97
Overbought
Greed/Fear Indicator (GFI) 76.17
Moving Average Converg./Diverg. (MACD) 2.73
Trading Signals
Description Value Chart
Yearly Trendline Resistance 69.32
Quarterly Trendline Resistance 68.65
Upper Bollinger Band 68.09
Weekly Stochastic Crossing 67.42
Daily Stochastic Crossing 66.82
20 Day Moving Average 65.96
Price 65.70
Parabolic System 65.60
Quarterly Trendline Support 64.69
50 Day Moving Average 64.39
Lower Bollinger Band 63.65
Yearly Trendline Support 63.50
Sector and Industry
Description Name Rank
Sector Materials 9
Industry Paper Packaging 31
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 68.54
High Date 01/05/2022
Low 65.67
Low Date 01/07/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 68.54
High Date 01/05/2022
Low 65.67
Low Date 01/07/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.80
Low Date 12/01/2021
High 68.54
High Date 01/05/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 68.65
Support 64.69
Low 54.51
Low Date 10/01/2021
High 68.54
High Date 01/05/2022
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 69.32
Support 63.50
Low 17.06
Low Date 03/19/2020
High 68.54
High Date 01/05/2022
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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