RANPAK HOLDINGS CORP (PACK) Stock Technical Analysis
USA - NYSE:PACK - US75321W1036 - Common Stock
5.84 USD
+0.2 (+3.55%)
5.84 USD
0 (0%)
We assign a technical rating of 9 out of 10 to PACK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PACK is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
PACK is one of the better performing stocks in the Containers & Packaging industry, it outperforms 85% of 22 stocks in the same industry.
In the last month PACK has a been trading in the 4.56 - 5.91 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, PACK did better than 84% of all other stocks. However, this relatively good performance is mostly due to a recent big 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PACK has an excellent technical rating, it does not offer a high quality setup 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
3.40
7.95
When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.11 to 5.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.81 from a trend line in the daily time frame.
- Support @3.61 from a trend line in the weekly time frame.
- Support @3.43 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- 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 | UP | POSITIVE | The long term trend for PACK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PACK is up. |
| ChartMill Relative Strength | 84.25 | POSITIVE | PACK has a high relative strength, it outperformed 84.25% 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 | MIXED | The current price of PACK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.19 | NEUTRAL | The RSI value for PACK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PACK has a positive trend. |
| Stochastics (14,3) | 92.78 | OVERBOUGHT | The high Stochastics value suggests PACK may be overbought. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for PACK suggests some volalility. |
| Average Directional Index/ADX (14) | 32.36 | POSITIVE | The high ADX value value for PACK suggests a strong 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)
5.84
+0.2 (+3.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg3.55%
1 Week10.4%
2 Weeks15.42%
1 Month13.18%
3 Month56.99%
6 Month44.2%
12 Month-3.79%
2 Year84.81%
3 Year53.68%
5 Year-31.54%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%4.5%
ATR Inc-8.61%
Range Today0.29
ADR(20)0.25
ADR(20)%4.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.25
Mansfield-0.24
10 Day High5.91
10 Day Low5.02
20 Day High5.91
20 Day Low4.56
52 Week High8.7
52 Week Low2.91
CS1 End5.14
CR1 Start7.87
Volume & EV
DER(3)6.43%
DER(5)5.05%
Volume430.60K
Volume Incr-14.38%
Vol(5)580.42K
Vol(50)877.99K