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Uptrend ExhaustionArchive
- 4/19/2024 -
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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 -0.70 points, or -2.17%, and closed at 31.50 on Friday, April 19, 2024. Weekly volume was -23% 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 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 Falling Channel chart pattern. The trend support level is at 22.02 and resistance is at 40.14. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See SEE medium-term trend chart]
A medium-term downtrend had started on February 27, 2024 at 38.45 and reached 30.87 on April 17, 2024. SEE lost 7.58 points, or 19.71%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (36.44) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See SEE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 28, 2024 at 37.34 and reached 30.87 on April 17, 2024. SEE lost 6.47 points, or 17.33%, in 20 days. The price is now at the 9.74% retracement level.
 Daily Technical Indicators: [See SEE daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily MACD has bullish 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 bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down.
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