RANPAK HOLDINGS CORP (PACK) Stock Technical Analysis
USA - NYSE:PACK - US75321W1036 - Common Stock
5.3 USD
+0.67 (+14.47%)
5.2 USD
-0.1 (-1.89%)
Overall PACK gets a technical rating of 5 out of 10. In the last year, PACK was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
PACK is one of the better performing stocks in the Containers & Packaging industry, it outperforms 90% of 22 stocks in the same industry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, PACK did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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 4.62 - 5.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PACK has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.63
7.95
5 important support areas can be observed.
- A support zone ranging from 4.99 to 5.01. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @4.62 from a horizontal line in the daily time frame.
- Support @3.96 from a trend line in the daily time frame.
- Support @3.81 from a trend line in the daily time frame.
- Support @3.67 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.54 to 5.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.85 to 5.85. 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 | NEUTRAL | NEUTRAL | The short term trend for PACK is neutral. |
| ChartMill Relative Strength | 79.06 | POSITIVE | PACK has a high relative strength, it outperformed 79.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PACK is below a declining 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 | MIXED | The current price of PACK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.03 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 43.01 | NEUTRAL | The Stochastics value for PACK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.43 | HIGH VOLATILITY | The high ATR as a percentage value for PACK suggests high volalility. |
| Average Directional Index/ADX (14) | 21.57 | NEUTRAL | The ADX value for PACK suggests a possible start of a new 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)
5.3
+0.67 (+14.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg14.47%
1 Week-3.64%
2 Weeks3.52%
1 Month-9.25%
3 Month52.74%
6 Month19.91%
12 Month-13.26%
2 Year67.72%
3 Year39.47%
5 Year-37.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%7.43%
ATR Inc204.14%
Range Today0.56
ADR(20)0.38
ADR(20)%7.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.06
3 months CRS93.29
6 months CRS71.25
Mansfield-1.11
10 Day High5.89
10 Day Low4.62
20 Day High5.99
20 Day Low4.62
52 Week High8.7
52 Week Low2.91
CS1 End5.01
CR1 Start5.54
Volume & EV
DER(3)1.63%
DER(5)2.17%
Volume928.30K
Volume Incr56.22%
Vol(5)740.04K
Vol(50)863.95K
RANPAK HOLDINGS CORP / PACK FAQ
What is the ChartMill technical rating of RANPAK HOLDINGS CORP (PACK) stock?
ChartMill assigns a technical rating of 5 / 10 to PACK.
What is the current trend direction of RANPAK HOLDINGS CORP (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 50.0261. 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 neutral.