SLGN Technical Signal Analysis
SLGN have 3 buy signals and 5 sell signals now. The current trend is consolidation starting from 2025-03-31. The total price change during this trend is +0.96%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of SLGN over last 5 trading day is $29,421,534.00
3 Bullish Signal
5 Bearish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
1.59
Bullish
Closing price
close > fibonacci_R1
51.61
Bullish
Moving Average
10-day SMA crosses above 20-day SMA
--
Bullish
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 > 80
85.56
Bearish
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.8
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.36
Bearish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 > 80
95.14
Bearish
Williams %R (14 days)
WILLR_14 > -20
-7.77
Bearish
3 Bullish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
1.59
Bullish
Closing price
close > fibonacci_R1
51.61
Bullish
Moving Average
10-day SMA crosses above 20-day SMA
--
Bullish
SLGN Support and Resistance Level
The support levels for SLGN are at 49.65, 49.05, and 48.07, while the resistance levels are at 51.61, 52.21, and 53.19. With the current stock price at 49.59, it is leaning more toward the support levels.
SLGN Technical Analysis
Technical Analysis of SLGN Stock
Price Overview:
- Current Price: $49.77
- High: $50.11
- Low: $49.29
- Volume: 4,421,878
Technical Indicators:
- RSI (6, 12, 14): 38.44, 38.48, 39.02 (All below 50, indicating bearish momentum)
- StochRSI: 49.27 (Neutral, not overbought or oversold)
- MACD: -1.03 (Bearish signal line at -0.90)
- Fibonacci Levels: Pivot at $50.49, R1 at $52.41, S1 at $48.58
Moving Averages:
- 20-day SMA: $51.63
- 50-day SMA: $50.70
- 200-day SMA: $49.88
Bollinger Bands:
- Price near the lower band, suggesting potential undervaluation but lacking a strong reversal signal.
Conclusion:
The technical indicators and price action suggest a bearish trend. The stock is below key resistance levels with bearish RSI and MACD signals.
Recommendation: Sell SLGN at $49.77, targeting the next support level around $48.58.
SLGN FAQs
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SLGN Buy or Sell
SLGN has 3 buy signals and 5 sell signals now. Overall the technical rating for SLGN is Sell.
Sell
Sell
5
Buy
3
SLGN Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 49.59 below the SMA_5. In the short term, the stock shows a positive trend with the 51.25 above the SMA_20. In the mid term, the stock shows a negative trend with the 50.59 below the SMA_60. In the long term, the stock shows a positive trend with the 52.43 above the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Positive
SMA_5 Above SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about SLGN's current trend?What are SLGN's key support and resistance levels?