PACKAGING CORP OF AMERICA (PKG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PKG - US6951561090 - Common Stock
Overall PKG gets a technical rating of 6 out of 10. In the last year, PKG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
PKG has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
175.79
6 important support areas can be observed.
- A support zone ranging from 206.82 to 210.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 201.36 to 201.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 194.98 to 195.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 190.70 to 191.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @186.97 from a trend line in the weekly time frame.
- Support @177.57 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 PKG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PKG is up. |
| ChartMill Relative Strength | 38.82 | NEUTRAL | PKG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PKG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PKG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PKG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.02 | NEUTRAL | The RSI value for PKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.9 | POSITIVE | The MACD value suggests PKG has a positive trend. |
| Stochastics (14,3) | 80.67 | OVERBOUGHT | The high Stochastics value suggests PKG may be overbought. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for PKG suggests low volalility. |
| Average Directional Index/ADX (14) | 14.46 | NEGATIVE | The low ADX value for PKG suggests a weak or negative trend. |
219.35
+5.47 (+2.56%)
PACKAGING CORP OF AMERICA / PKG FAQ
What is the technical rating for PKG stock?
ChartMill assigns a technical rating of 6 / 10 to PKG.
What is the trend direction for PKG stock?
The current trend direction for PACKAGING CORP OF AMERICA (PKG) is Bearish.
What is the RSI signal for PKG stock?
PACKAGING CORP OF AMERICA (PKG) has an RSI value of 68.0221. This indicates that the stock is currently neutral.
What is the short term momentum for PACKAGING CORP OF AMERICA (PKG) stock?
The short term momentum for PACKAGING CORP OF AMERICA (PKG) is positive.
Can you provide the support and resistance levels for PACKAGING CORP OF AMERICA?
PACKAGING CORP OF AMERICA (PKG) has a support level at 210.62. Check the full technical report for our detailed analysis of PKG support and resistance levels.