Ball Corporation (BALL) is currently positioned within the Consumer Non-Durables sector, which ranks 24 out of 31 sectors in the SIA Sector Report and remains in the unfavoured red zone. Despite this broader sector backdrop, Ball has shown notable improvement in its relative positioning, providing context for a review of its current technical structure and performance.
Ball carries an SIA SMAX Score of 9 out of 10, reflecting strong alignment across SIA technical and relative strength measures. The stock appears in the SIA S&P 500 Index Report, where it is currently positioned at 119 out of 500. Relative movement has been significant, with the stock advancing 146 spots over the past week and 335 spots over the past quarter, indicating a substantial improvement in relative standing.
From a technical perspective, 3-box reversal support is identified at $60.85, with additional support noted at $57.34, corresponding to a 2020 level. Upside resistance is identified at $69.90, based on 2022 and 2024 nearer-term resistance, followed by additional resistance associated with the 2021 top level at $53.31. The most recent point and figure signal is a double top, which may suggest continued participation if prevailing conditions remain intact.
Performance metrics show monthly, quarterly, and yearly returns of 22.41%, 37.94%, and 31.65%, respectively. By comparison, the S&P 500 Index recorded monthly, quarterly, and yearly returns of 3.15%, 3.15%, and 13.95%, indicating relative outperformance across all measured periods.
Ball Corporation is a global packaging company focused on the manufacture of aluminum beverage containers for major consumer brands across North America, Europe, and South America. Founded in 1880, the company operates at significant scale with long-standing customer relationships and an emphasis on recyclable packaging solutions.
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