RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BERY
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Berry Global Group, Inc. stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 26, 2024 Gain 2.11% PDF

No changes to the price of Berry Global Group, Inc. stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 0.98% from a day low at $60.41 to a day high of $61.00. The price has fallen in 5 of the last 10 days but is still up by 0.87% over the past 2 weeks.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $60.59 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.91% during the next 3 months and, with a 90% probability hold a price between $43.44 and $52.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BERY Signals & Forecast

The Berry Global Group, Inc. 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 $59.53 and $59.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 08, 2024, and so far it has risen 8.17%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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). The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Berry Global Group, Inc. stock

Berry Global Group, Inc. finds support from accumulated volume at $59.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.590 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 1.42%.

Our recommended stop-loss: $58.07 (-3.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)

Trading Expectations (BERY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Berry Global Group, Inc. to open at $60.63, and during the day (based on 14 day Average True Range), to move between $59.33 and $61.63, which gives a possible trading interval of +/-$1.15 (+/-1.90%) up or down from last closing price. If Berry Global Group, Inc. takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $60.57 (0.15%) than the support at $59.01 (2.43%), 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 Berry Global Group, Inc. stock A Buy?

Berry Global Group, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.945 Hold/Accumulate Downgraded

Predicted Opening Price for Berry Global Group, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$60.63 ( 0.248%) $60.48

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BERY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 61.22 1.22 %
R2 60.99 0.85 %
R1 60.86 0.621 %
Current price: 60.48
Support S1 60.40 -0.125 %
S2 60.27 -0.355 %
S3 60.04 -0.727 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 65.75 8.71 %
R2 64.28 6.28 %
R1 60.57 0.149 %
Current price 60.48
Support S1 59.01 -2.43%
S2 56.71 -6.23%
S3 55.91 -7.56%

BERY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 01, 2024 Feb 29, 2024 Mar 15, 2024 $0.275 0.461%
2 Nov 30, 2023 Nov 30, 2023 Dec 15, 2023 $0.275 0.399%
3 Aug 02, 2023 Aug 31, 2023 Sep 15, 2023 $0.250 0.392%
4 May 02, 2023 May 31, 2023 Jun 15, 2023 $0.250 0.395%
5 Jan 31, 2023 Feb 28, 2023 Mar 15, 2023 $0.250 0.452%

FAQ

What is the symbol for Berry Global Group, Inc. Stock and on which exchange is it traded?
The symbol for Berry Global Group, Inc. is BERY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Berry Global Group, Inc. Stock?
Berry Global Group, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Berry Global Group, Inc. Stock?
Berry Global Group, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Berry Global Group, Inc. Stock.

What's the current price of Berry Global Group, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Berry Global Group, Inc. (BERY) share was $60.48.

What is the 52-week high and low for Berry Global Group, Inc. Stock?
The 52-week high for Berry Global Group, Inc. Stock is $69.94 and the 52-week low is $53.83.

What is the market capitalization of Berry Global Group, Inc. Stock?
As of the 2024-03-28, the market capitalization of Berry Global Group, Inc. is 7.01B.

When is the next earnings date for Berry Global Group, Inc.?
The upcoming earnings date for Berry Global Group, Inc. is May 02, 2024.
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About Berry Global Group, Inc.

Berry Global Group. Berry Global Group, Inc. manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments. The Consumer Packaging International segment offers closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, containers... BERY Profile

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