Berry Global Group (BERY) is a leading manufacturer of packaging and engineered materials, with operations in over 40 countries. Unfortunately for its shareholders, BERY was the month's biggest loser, dropping by 14.14% to close at $54.37 per share.
The Containers/Packaging Industry has been struggling overall this month, with all 57 stocks analyzed exhibiting a downtrend. BERY's downward momentum was particularly significant, with its 10-day moving average crossing bearishly below the 50-day moving average on March 13, 2023. This shift in trend suggests that the stock may continue to decline and could be a sell signal for investors.
It is worth noting that historically, BERY has bounced back from similar downward trends. In 12 of the past 14 instances when the 10-day moving average crossed below the 50-day moving average, the stock moved higher over the following month. However, the odds of continued downward momentum are still high, at 86%.
Despite these challenges, BERY has several strengths that could help it weather the current market conditions. The company has a diversified portfolio of products and customers, which could help mitigate the impact of any single factor on its bottom line. Additionally, BERY has a history of strong financial performance, with consistent revenue growth and healthy margins.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BERY declined for three days, in of 283 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BERY as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BERY turned negative on September 21, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at .
BERY moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BERY advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BERY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.154) is normal, around the industry mean (2.224). P/E Ratio (11.628) is within average values for comparable stocks, (23.998). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (60.077). Dividend Yield (0.016) settles around the average of (0.036) among similar stocks. P/S Ratio (0.582) is also within normal values, averaging (10.711).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of plastic packaging products
A.I.dvisor indicates that over the last year, BERY has been closely correlated with AMCR. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if BERY jumps, then AMCR could also see price increases.