Smurfit Westrock saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 62 to 75.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Smurfit Westrock can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Smurfit Westrock is now considered extended and out of buy range after clearing a 47.59 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -51% to 0%. Revenue rose from -3% to 163%.
The company holds the No. 9 rank among its peers in the Containers/Packaging industry group. Aptargroup, UFP Technologies and Sylvamo are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
