RSI low/high Values: [ 25 - 75 ]
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AI Analysis of SEE
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Sealed Air Corporation stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Sealed Air Corporation stock price gained 2.78% on the last trading day (Wednesday, 27th Mar 2024), rising from $35.91 to $36.91. It has now gained 3 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 2.60% from a day low at $36.12 to a day high of $37.06. The price has risen in 6 of the last 10 days and is up by 0.38% 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, 192 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $37.16 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 $37.34 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 $33.70 and $37.03 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

Mostly positive signals in the chart today. 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 $35.90 and $35.82. 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 4.15%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Wednesday, January 31, 2024 and based on theory for this formation the price should go up by 1.11% to $37.32 within 10 trading days since signal was issued (Thursday, March 28, 2024).

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 $0.94 (2.60%) between high and low. For the last week, the stock has had daily average volatility of 2.29%.

Our recommended stop-loss: $35.27 (-4.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (SEE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Sealed Air Corporation to open at $36.70, and during the day (based on 14 day Average True Range), to move between $35.92 and $37.90, which gives a possible trading interval of +/-$0.99 (+/-2.69%) up or down from last closing price. If Sealed Air Corporation takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $36.97 (0.16%) than the support at $35.03 (5.09%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.164 Buy Candidate Upgraded

Predicted Opening Price for Sealed Air Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$36.70 ( 0.578%) $36.91

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 37.64 1.97 %
R2 37.28 1.00 %
R1 37.06 0.395 %
Current price: 36.91
Support S1 36.34 -1.55 %
S2 36.12 -2.15 %
S3 35.76 -3.12 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 37.40 1.33 %
R1 36.97 0.163 %
Current price 36.91
Support S1 35.03 -5.09%
S2 34.76 -5.82%
S3 34.57 -6.34%

SEE Dividend Payout History


# Declaration Date 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

What is the symbol for Sealed Air Corporation Stock and on which exchange is it traded?
The symbol for Sealed Air Corporation is SEE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Sealed Air Corporation Stock?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Sealed Air Corporation Stock?
Sealed Air Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sealed Air Corporation Stock.

What's the current price of Sealed Air Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Sealed Air Corporation (SEE) share was $36.91.

What is the 52-week high and low for Sealed Air Corporation Stock?
The 52-week high for Sealed Air Corporation Stock is $48.44 and the 52-week low is $28.50.

What is the market capitalization of Sealed Air Corporation Stock?
As of the 2024-03-27, the market capitalization of Sealed Air Corporation is 5.189B.

When is the next earnings date for Sealed Air Corporation?
The upcoming earnings date for Sealed Air Corporation is May 07, 2024.
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About Sealed Air Corporation

Sealed Air Sealed Air Corporation provides food safety and security, and product protection solutions and equipment in North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety and shelf life extension, reduce food waste, automate processes, and optimize total cost ... SEE Profile

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