SLGN Price Prediction Next Week
Technical Analysis: SLGN shows bullish momentum with RSI at 62.32, indicating moderate upward strength without being overbought. The MACD (0.33) and positive MACD histogram (0.09) suggest continued upward momentum.
Price Levels:
- Current price: $55.52
- Key resistance: $56.05 (Fibonacci R2)
- Support: $52.50 (Fibonacci S1)
- Moving averages show positive alignment with SMA 5 (54.26) > SMA 200 (50.14)
News Impact: Recent appointment of Philippe Chevrier as COO has been received positively by the market. Loop Capital maintained a Buy rating with an increased price target of $75, suggesting significant upside potential.
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels:
- Bullish target: $56.05-$57.40
- Bearish scenario: Support at $52.50
- Most likely scenario: Upward movement toward $56.05
Trading Recommendation: BUY with entry at current levels ($55.52)
- Target: $56.05
- Stop loss: $52.50
- Position sizing: Consider moderate position due to positive but not overbought RSI
The stock shows strong technical setup with positive momentum indicators and institutional support through analyst upgrades.
SLGN Similar Chart Price Prediction
The price of SLGN is predicted to go up -12.13%, based on the high correlation periods with GH. The similarity of these two price pattern on the periods is 96.27%.
SLGN
GH
Down: -12.13%Similarity: 96.27%
SLGN Revenue Forecast
SLGN EPS Forecast
SLGN FAQs
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SLGN VS S&P500
Silgan's pivot away from metal food cans will lead to long-term growth and margin expansion as the company sells less-commoditized products.
Most of Silgan's metal food can sales are under long-term contracts with price escalators and cost recovery provisions that help maintain stable margins.
Silgan's recent dispenser and closure acquisitions increase its international exposure, which could lead to higher revenue growth than in its developed markets.
SLGN Analyst's Forecast
Arun Viswanathan
RBC Capital
Buy
2025-01-30
Price Target
$63 → $65
Upside
+15.76%
RBC Capital raised the firm's price target on Silgan Holdings to $65 from $63 and keeps an Outperform rating on the shares. The company's Q4 results were in-line, but its FY25 guide calls for mid-single-digit volume and double-digit free cash flow growth in FY25, driven by normalization in Metal, Weener acquisition in DSC, and wins in Custom Containers, the analyst tells investors in a research note. Silgan's free cash flow generation and mid-single-digit volume growth are at the high end of Packaging peers, and the company should continue to outperform choppy demand, RBC added.
Ghansham Panjabi
Baird
Buy
2025-01-30
Price Target
$60 → $62
Upside
+10.42%
Matt Roberts
Raymond James
Buy
2025-01-30
Price Target
$62 → $65
Upside
+15.76%
