Sealed Air Technical Analysis (NYSE:SEE)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The SEE stock chart pattern can give those who understand technical analysis an indication of which way SEE stock is headed, but cannot predict with 100% certainty as to what can happen to the Sealed Air stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Sealed Air. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Sealed Air stock analysis.
Sealed Air Moving Average
Moving averages show the average price of SEE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $43.3 is below the price of $44.1.
Sealed Air Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the SEE stock. The stock price is trading between the average and the upper band in the context of Sealed Air bollinger bands.
Sealed Air Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Sealed Air MACD indicator is below 0 indicating a bearish trend.
Sealed Air Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SEE stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.