Sealed Air Corporation Stock Forecast
Sealed Air Corporation stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)
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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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.
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
# | 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
Click here for our free guide on how to buy Sealed Air Corporation Stock.