SEE Price Prediction Next Week
Technical Analysis: SEE stock has shown a clear downward trend, with RSI at 30.15 indicating oversold conditions. The MACD (-0.45) remains negative with bearish momentum. Price is trading below all major moving averages (5-day: 33.24, 20-day: 34.28, 200-day: 35.28), suggesting strong bearish sentiment.
News Impact: Recent leadership changes have created uncertainty - CEO Patrick Kivits stepped down with Dustin Semach taking over as President and CEO. While the company reaffirmed its FY24 guidance (EPS $3.00-$3.10, revenue $5.375-$5.425B), several analysts have lowered their price targets.
Price Prediction for Next Week: Based on Fibonacci levels and current technical setup:
- Support levels: $32.62 (S1), $32.06 (S2)
- Resistance levels: $34.43 (R1), $34.99 (R2)
Given the oversold conditions but continued bearish momentum, SEE is likely to experience a minor technical bounce before resuming its downtrend. Target price range for next week:
- Probable low: $31.80
- Probable high: $33.20
- Most likely closing price: $32.40
Recommendation: SELL
- Current oversold conditions may provide short-term bounce opportunities
- However, leadership uncertainty and bearish technical indicators suggest further downside
- Consider selling on any rebounds toward $33.20
- Set stop-loss at $34.00
SEE Similar Chart Price Prediction
The price of SEE is predicted to go up -4.33%, based on the high correlation periods with BC. The similarity of these two price pattern on the periods is 95.19%.
SEE
BC
Down: -4.33%Similarity: 95.19%
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SEE VS S&P500
Sealed Air is well positioned as the leader in food packaging and automation to capitalize on growing food demand from global population increases.
As labor costs rise, companies will seek our Sealed Air for automated packaging solutions to lower labor costs and increase packaging efficiency.
As e-commerce becomes the principal form of retail purchasing, Sealed Air will benefit as customers look for all-in-one packaging solutions.
SEE Analyst's Forecast
Stefan Diaz
Morgan Stanley
Hold
2025-01-13
Price Target
$39 → $38
Upside
+12.89%
Morgan Stanley lowered the firm's price target on Sealed Air to $38 from $39 and keeps an Equal Weight rating on the shares. While stating "it may be too early to ring the 'all clear' bell," the firm expects packaging demand to improve in 2025 on the back of moderating price increases from consumer packaged goods customers, increased promotional activity and abating destocking pressures. If the demand environment continues to normalize with inflation as the firm suspects, it sees an improved risk-reward set-up in 2025 across its packaging coverage, the analyst added.
Joshua Spector
UBS
Hold
2025-01-10
Price Target
$39 → $37
Upside
+11.95%
John Roberts
Mizuho
Buy
2025-01-07
Price Target
$45 → $42
Upside
+22.74%
