Berry Global Group (BERY, $54.37) was the month's biggest loser, descending -14.14%
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.
BERY's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for BERY turned positive on June 02, 2023. Looking at past instances where BERY's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BERY's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on BERY as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
BERY moved above its 50-day moving average on June 01, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BERY crossed bullishly above the 50-day moving average on May 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
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 Aroon Indicator entered an Uptrend today. In of 249 cases where BERY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BERY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BERY broke above its upper Bollinger Band on June 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
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 fairly steady price growth. BERY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 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 85, 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 (2.229) is normal, around the industry mean (2.518). P/E Ratio (10.846) is within average values for comparable stocks, (19.257). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (21.543). Dividend Yield (0.012) settles around the average of (0.047) among similar stocks. P/S Ratio (0.573) is also within normal values, averaging (11.135).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of plastic packaging products
Industry ContainersPackaging
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BERY and
Correlation & Price change
A.I.dvisor indicates that over the last year, BERY has been closely correlated with AMCR. These tickers have moved in lockstep 73% 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.
| Ticker / NAME | Correlation To BERY | 1D Price Change % | ||
|---|---|---|---|---|
| BERY | 100% | -0.45% | ||
| AMCR - BERY | 73% Closely correlated | -0.64% | ||
| SEE - BERY | 69% Closely correlated | -0.67% | ||
| SON - BERY | 66% Closely correlated | -0.62% | ||
| IP - BERY | 66% Closely correlated | -0.20% | ||
| AVY - BERY | 65% Loosely correlated | -2.26% | ||
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