Move cursor over the icon to see details.
|It was the negative week for the Ball Corp. (BLL). During the week, the BLL dropped -0.59 points, or -1.53%, and closed at 37.96 on Friday, May 18, 2018. Weekly volume was -22% below average. |
BLL is a member of Consumer Goods Sector. Consumer Goods is the most oversold 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 BLL long-term trend chart]
A long-term uptrend had started on February 6, 2018 at 35.60 and reached 41.99 on March 13, 2018. BLL gained -6.39 points, or -17.95%, in 5 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (41.24) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BLL may retest the broken support line. It is considered to be a resistance line now. 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 long-term trend.
Medium-term trend: [See BLL medium-term trend chart]
A medium-term downtrend had started on March 13, 2018 at 41.99 and reached 36.74 on May 3, 2018. BLL lost 5.25 points, or 12.50%, in 7 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Weekly Technical Indicators: [See BLL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since October 6, 2017. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See BLL short-term trend chart]
A short-term downtrend had started on May 10, 2018 at 38.93 and reached 37.36 on May 18, 2018. BLL lost 1.57 points, or 4.03%, in 8 days. Price is near the Fibonacci 38.2% retracement level.
Daily Technical Indicators: [See BLL daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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.
The daily MACD line is below its signal line since April 24, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.