By Mill Chart
Last update: Mar 21, 2023
A possible breakout setup was detected on GRAPHIC PACKAGING HOLDING CO (NYSE:GPK) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:GPK.
Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.
Overall GPK gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GPK is showing a nice and steady performance.
Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:GPK this score is currently 9:
GPK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 23.57, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.
Of course, there are many ways to trade or not trade NYSE:GPK and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.
Every day, new breakout setups can be found on ChartMill in our Breakout analyzer.
GRAPHIC PACKAGING HOLDING CO
NYSE:GPK (4/24/2024, 7:06:12 PM)
After market: 27.41 0 (0%)27.41
+0.33 (+1.22%)
/PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK), (the "Company"), will announce first quarter 2024 financial results before the market opens on...
Graphic Packaging Holding (GPK) reports mixed Q4 results and sets 2024 EPS guidance within expectations. Read more here.
Graphic Packaging Holding (GPK) reported Q4 earnings that beat estimates with a Non-GAAP EPS of $0.75. However, revenue missed expectations by $150 million.
/PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK), (the "Company"), a leading consumer packaging company, today reported results for the fourth...
/PRNewswire/ -- Graphic Packaging Holding Company (NYSE:GPK) ("Graphic Packaging"), and Clearwater Paper Corporation (NYSE: CLW) ("Clearwater Paper"), today...
Graphic Packaging Holding (GPK) declares $0.10/share quarterly dividend, in line with previous. Forward yield 1.61% Payable April 5; for shareholders of record March 15; ex-div March 14.
/PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK), a leading consumer packaging company, announced today that its Board of Directors declared a...
/PRNewswire/ -- Graphic Packaging Holding Company (NYSE: GPK), a leading consumer packaging company, announced today that Michael P. Doss, President and Chief...