PACKAGING CORP OF AMERICA (PKG) Stock Technical Analysis
USA - NYSE:PKG - US6951561090 - Common Stock
Overall PKG gets a technical rating of 0 out of 10. PKG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
PKG has a poor technical rating and the quality of the setup is also only medium 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
179.60
We found 2 important support areas.
- A support zone ranging from 189.32 to 192.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @181.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 201.36 to 205.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 211.02 to 213.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 220.25 to 220.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for PKG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PKG is down. |
| ChartMill Relative Strength | 21.37 | NEGATIVE | PKG has a low relative strength, it was outperformed by 78.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PKG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PKG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PKG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.95 | NEUTRAL | The RSI value for PKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.41 | NEGATIVE | The MACD value suggests PKG has a negative trend. |
| Stochastics (14,3) | 10.09 | OVERSOLD | The low Stochastics value suggests PKG may be oversold. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for PKG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.08 | NEUTRAL | The ADX value for PKG suggests a possible start of a new trend. |
195.59
-0.17 (-0.09%)
PACKAGING CORP OF AMERICA / PKG FAQ
What is the technical rating for PKG stock?
ChartMill assigns a technical rating of 0 / 10 to PKG.
What is the current trend direction of PACKAGING CORP OF AMERICA (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 33.9483. This indicates that the stock is currently neutral.
What is the MACD signal for PKG stock?
The MACD indicator for PACKAGING CORP OF AMERICA (PKG) has a value of -1.40934, indicating a bearish trend.
Can you provide the buy/sell signal for PACKAGING CORP OF AMERICA?
The buy/sell signal for PACKAGING CORP OF AMERICA (PKG) is sell as both the short term and long term trends are negative.