SILGAN HOLDINGS INC. - Weekly - Technical analysis published on 07/23/2019 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 29.37 USD
My targets
30.49 USD (+1.36%)
31.54 USD (+4.85%)
My analysis
The bullish trend is currently very strong on SILGAN HOLDINGS INC.. As long as the price remains above the support at 29.37 USD, you could try to benefit from the boom. The first bullish objective is located at 30.49 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 31.54 USD as an objective. Crossing it would then enable buyers to target 32.47 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILGAN HOLDINGS INC. price is 30.08 USD. Over 5 days, this instrument lost -1.02% and has been traded over the last 5 days between 29.96 USD and 30.78 USD. This implies that the 5 day price is +0.40% from its lowest point and -2.27% from its highest point.29.96
30.24
30.08
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILGAN HOLDINGS INC.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of SILGAN HOLDINGS INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.83 | 26.37 | 29.37 | 30.08 | 30.49 | 31.54 | 32.47 |
| Change (%) | -20.78% | -12.33% | -2.36% | - | +1.36% | +4.85% | +7.95% |
| Change | -6.25 | -3.71 | -0.71 | - | +0.41 | +1.46 | +2.39 |
| Level | Major | Intermediate | Major | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.28 | 29.70 | 29.93 | 30.35 | 30.58 | 31.00 | 31.23 |
| Camarilla | 29.97 | 30.03 | 30.09 | 30.15 | 30.21 | 30.27 | 30.33 |
| Woodie | 29.18 | 29.65 | 29.83 | 30.30 | 30.48 | 30.95 | 31.13 |
| Fibonacci | 29.70 | 29.95 | 30.11 | 30.35 | 30.60 | 30.76 | 31.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.12 | 29.60 | 29.87 | 30.35 | 30.62 | 31.10 | 31.37 |
| Camarilla | 29.94 | 30.01 | 30.08 | 30.15 | 30.22 | 30.29 | 30.36 |
| Woodie | 29.03 | 29.55 | 29.78 | 30.30 | 30.53 | 31.05 | 31.28 |
| Fibonacci | 29.60 | 29.88 | 30.06 | 30.35 | 30.63 | 30.81 | 31.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.74 | 28.31 | 29.46 | 30.03 | 31.18 | 31.75 | 32.90 |
| Camarilla | 30.13 | 30.29 | 30.44 | 30.60 | 30.76 | 30.92 | 31.07 |
| Woodie | 28.02 | 28.46 | 29.74 | 30.18 | 31.46 | 31.90 | 33.18 |
| Fibonacci | 28.31 | 28.97 | 29.38 | 30.03 | 30.69 | 31.10 | 31.75 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.41 | |
| MACD (12,26,9): | 0.7200 | |
| Directional Movement: | 5.54 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 30.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.03 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 27.74 | |
| Zig ZAG (10): | 30.08 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 53.55 | |
| TEMA (21): | 30.85 | |
| Williams %R (14): | -52.79 | |
| Chande Momentum Oscillator (20): | -0.36 | |
| Repulse (5,40,3): | -1.5200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4400 | |
| Courbe Coppock: | 3.53 |
| MA7: | 30.30 | |
| MA20: | 30.50 | |
| MA50: | 30.05 | |
| MA100: | 29.77 | |
| MAexp7: | 30.27 | |
| MAexp20: | 29.68 | |
| MAexp50: | 28.64 | |
| MAexp100: | 28.19 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -1.38% | |
| Price / MA50: | +0.10% | |
| Price / MA100: | +1.04% | |
| Price / MAexp7: | -0.63% | |
| Price / MAexp20: | +1.35% | |
| Price / MAexp50: | +5.03% | |
| Price / MAexp100: | +6.70% |
News
The last news published on SILGAN HOLDINGS INC. at the time of the generation of this analysis was as follows:
SilganThis member declared not having a position on this financial instrument or a related financial instrument.
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