RANPAK HOLDINGS CORP (PACK) Stock Technical Analysis
USA - NYSE:PACK - US75321W1036 - Common Stock
4.68 USD
-0.25 (-5.07%)
4.68 USD
0 (0%)
Taking everything into account, PACK scores 8 out of 10 in our technical rating. Although PACK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
In the last month PACK has a been trading in the 4.17 - 6.31 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, PACK outperforms 47% of them, which is more or less in line with the market.
PACK is part of the Containers & Packaging industry. There are 22 other stocks in this industry, PACK did better than 66% of them.
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.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, PACK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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
3.37
7.95
4 important support areas can be observed.
- A support zone ranging from 4.67 to 4.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.69 from a trend line in the daily time frame.
- Support @3.56 from a trend line in the weekly time frame.
- A support zone ranging from 3.40 to 3.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @5.17 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.29 to 5.33. 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 | 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 | 47.21 | NEUTRAL | PACK is not amongst the best or worst performers 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) | 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) | 50.21 | NEUTRAL | The RSI value for PACK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PACK has a negative trend. |
| Stochastics (14,3) | 24.31 | NEUTRAL | The Stochastics value for PACK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.09 | HIGH VOLATILITY | The high ATR as a percentage value for PACK suggests high volalility. |
| Average Directional Index/ADX (14) | 27.66 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.18 | 4.66 | 0.52 (10.04%) | 9.96% |
| An entry @5.18. This is a Buy Stop order right above the resistance zone. | An exit @4.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.52 points, which is 10.04%. | For a 1.00% total portfolio risk, you can invest 9.96% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PACK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.68
-0.25 (-5.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-5.07%
1 Week-9.3%
2 Weeks-9.3%
1 Month9.6%
3 Month34.48%
6 Month-21.87%
12 Month-26.18%
2 Year-13.97%
3 Year36.84%
5 Year-50.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%7.09%
ATR Inc-49.75%
Range Today0.28
ADR(20)0.3
ADR(20)%6.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.21
Mansfield-2.19
10 Day High5.36
10 Day Low4.65
20 Day High6.31
20 Day Low4.17
52 Week High8.7
52 Week Low2.91
CS1 End4.67
CR1 Start5.17
Volume & EV
DER(3)3.73%
DER(5)2.33%
Volume377.40K
Volume Incr-68.53%
Vol(5)397.28K
Vol(50)769.15K