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Nataliia Wilson's Avatar
published in Blogs
Mar 21, 2023

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.

Related Ticker: BERY

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 .

Price Prediction Chart

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)

Fear & Greed

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

The most notable companies in this group are Tupperware Brands Corp (NYSE:TUP).

Industry description

The containers/packing sector includes companies that manufacture containers (like plastic and aluminum food containers, glass bottles, metal cans, cardboard, storage and waste bags, giftwraps etc.) and provide packing services. Food-and-beverage and household products are major markets for this business. Several companies in this industry cater to international markets in addition to serving domestic customers. Consumer spending habits could potentially affect this industry’s performance. Some products, that use oil-based materials as inputs, are likely to see their costs of production get impacted (to some extent) by energy price movements. The ever-expanding e-commerce market has only supercharged the amount/frequency of goods shipped domestically and across borders, thereby creating ample potential opportunities for containers and packaging businesses. Ball Corporation, International Paper Company, Amcor Plc and Packaging Corporation of America are some of the largest U.S. companies in this industry.

Market Cap

The average market capitalization across the Containers/Packaging Industry is 3.85B. The market cap for tickers in the group ranges from 6.74K to 66.8B. STO holds the highest valuation in this group at 66.8B. The lowest valued company is EPTI at 6.74K.

High and low price notable news

The average weekly price growth across all stocks in the Containers/Packaging Industry was 1%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was -3%. ACGX experienced the highest price growth at 49%, while SNGSF experienced the biggest fall at -52%.

Volume

The average weekly volume growth across all stocks in the Containers/Packaging Industry was -70%. For the same stocks of the Industry, the average monthly volume growth was -74% and the average quarterly volume growth was -70%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 65
Price Growth Rating: 50
SMR Rating: 60
Profit Risk Rating: 84
Seasonality Score: 3 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of plastic packaging products

Industry ContainersPackaging

Profile
Fundamentals
Details
Industry
Containers Or Packaging
Address
101 Oakley Street
Phone
+1 812 424-2904
Employees
46000
Web
https://www.berryglobal.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BERY
1D Price
Change %
BERY100%
-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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