RANPAK HOLDINGS CORP (PACK) Stock Technical Analysis
NYSE:PACK - New York Stock Exchange, Inc. - US75321W1036 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to PACK. In the past year, PACK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
78% of all other stocks performed better in the past year than PACK.
PACK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PACK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
PACK is part of the Containers & Packaging industry. There are 22 other stocks in this industry, PACK did better than 47% of them.
Although the technical rating is only medium, PACK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.41. 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
3.36
7.95
We found 3 important support areas.
- A support zone ranging from 4.23 to 4.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.52 to 3.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.39 to 3.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.41 to 4.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.87 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for PACK is up. |
| ChartMill Relative Strength | 22.57 | NEGATIVE | PACK has a low relative strength, it was outperformed by 77.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PACK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PACK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PACK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.52 | NEUTRAL | The RSI value for PACK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PACK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.11 | OVERBOUGHT | The high Stochastics value suggests PACK may be overbought. |
| Average True Range in percent/ATR (20) | 6.13 | HIGH VOLATILITY | The high ATR as a percentage value for PACK suggests high volalility. |
| Average Directional Index/ADX (14) | 19.27 | NEGATIVE | The low ADX value for PACK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.4
-0.05 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-1.12%
1 Week-1.57%
2 Weeks2.09%
1 Month11.68%
3 Month30.18%
6 Month-37.68%
12 Month-41.1%
2 Year-30.49%
3 Year-16.82%
5 Year-50.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%6.13%
ATR Inc-51.82%
Range Today0.17
ADR(20)0.26
ADR(20)%5.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.57
Mansfield-2.62
10 Day High4.51
10 Day Low3.87
20 Day High4.51
20 Day Low3.29
52 Week High8.7
52 Week Low2.91
CS1 End4.25
CR1 Start4.41
Volume & EV
DER(3)3.05%
DER(5)0.2%
Volume407.76K
Volume Incr-34.62%
Vol(5)343.67K
Vol(50)404.57K