Sealed Air Corporation Stock Forecast
Sealed Air Corporation stock price ended at $37.20 on Thursday, after gaining 0.786%.
(Updated on Mar 28, 2024)
The Sealed Air Corporation stock price gained 0.786% on the last trading day (Thursday, 28th Mar 2024), rising from $36.91 to $37.20. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.65% from a day low at $36.73 to a day high of $37.34. The price has risen in 7 of the last 10 days and is up by 3.42% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 141 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $42.70 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $37.38 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Sealed Air Corporation stock with a 90% probability to be traded between $33.98 and $37.31 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SEE Signals & Forecast
The Sealed Air Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $36.10 and $35.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 4.97%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sealed Air Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $35.03 and $34.76. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sealed Air Corporation finds support just below today's level at $35.03. If this is broken, then the next support from accumulated volume will be at $34.76 and $34.57.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.607 (1.65%) between high and low. For the last week, the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: $35.60 (-4.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (SEE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sealed Air Corporation to open at $37.09, and during the day (based on 14 day Average True Range), to move between $36.24 and $38.16, which gives a possible trading interval of +/-$0.96 (+/-2.59%) up or down from last closing price. If Sealed Air Corporation takes out the full calculated possible swing range there will be an estimated 5.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.40 (0.54%) than the support at $35.03 (5.83%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Sealed Air Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Sealed Air Corporation stock to perform well in the short-term period.
Current score: 2.079 Buy Candidate Unchanged
Predicted Opening Price for Sealed Air Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$37.09 ( 0.293%) | $37.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.70 | 1.34 % | |
R2 | 37.47 | 0.715 % | ||
R1 | 37.32 | 0.330 % | ||
Current price: | 37.20 | |||
Support | S1 | 36.86 | -0.92 % | |
S2 | 36.72 | -1.30 % | ||
S3 | 36.48 | -1.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 37.40 | 0.538 % | ||
Current price | 37.20 | |||
Support | S1 | 35.03 | -5.83% | |
S2 | 34.76 | -6.56% | ||
S3 | 34.57 | -7.07% |
SEE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Mar 08, 2024 | Mar 22, 2024 | $0.200 | 0.564% |
2 | Feb 22, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.200 | 0.564% |
3 | Oct 20, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.200 | 0.560% |
4 | Aug 24, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.200 | 0.637% |
5 | May 18, 2023 | Jun 08, 2023 | Jun 23, 2023 | $0.200 | 0.525% |
FAQ
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