RANPAK HOLDINGS CORP (PACK) Stock Technical Analysis
NYSE:PACK • US75321W1036
Taking everything into account, PACK scores 1 out of 10 in our technical rating. PACK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 75% of all other stocks performed better in the past year than PACK.
- PACK is part of the Containers & Packaging industry. There are 22 other stocks in this industry, of which 90% are performing better than PACK.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- PACK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PACK is lagging the market.
- In the last month PACK has a been trading in the 4.79 - 6.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PACK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.07. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PACK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.85
When analyzing the support we can see 2 important areas.
- Support @5.28 from a trend line in the weekly time frame.
- A support zone ranging from 4.90 to 5.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.07 to 6.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PACK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PACK is down. |
| ChartMill Relative Strength | 25.26 | NEGATIVE | PACK has a low relative strength, it was outperformed by 74.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PACK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PACK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PACK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.33 | NEUTRAL | The RSI value for PACK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PACK has a negative trend. |
| Stochastics (14,3) | 32.2 | NEUTRAL | The Stochastics value for PACK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.27 | HIGH VOLATILITY | The high ATR as a percentage value for PACK suggests high volalility. |
| Average Directional Index/ADX (14) | 18.01 | NEGATIVE | The low ADX value for PACK suggests a weak or negative trend. |
5.36
+0.19 (+3.68%)
RANPAK HOLDINGS CORP / PACK FAQ
What is the ChartMill technical rating of RANPAK HOLDINGS CORP (PACK) stock?
ChartMill assigns a technical rating of 1 / 10 to PACK.
What is the trend direction for PACK stock?
The current trend direction for RANPAK HOLDINGS CORP (PACK) is Bearish.
What is the RSI signal for PACK stock?
RANPAK HOLDINGS CORP (PACK) has an RSI value of 46.3329. This indicates that the stock is currently neutral.
What is the short term momentum for RANPAK HOLDINGS CORP (PACK) stock?
The short term momentum for RANPAK HOLDINGS CORP (PACK) is negative.