PACKAGING CORP OF AMERICA (PKG) Technical Analysis
NYSE:PKG • US6951561090
Current stock price
PKG Technical Rating and Analysis
Taking everything into account, PKG scores 1 out of 10 in our technical rating. PKG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month PKG has a been trading in the 201.25 - 234.27 range, which is quite wide. It is currently trading near the lows of this range.
- PKG has an average volume of 1164090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, PKG outperforms 54% of them, which is more or less in line with the market.
- PKG is an average performer in the Containers & Packaging industry, it outperforms 52% of 22 stocks in the same industry.
- PKG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PKG is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
PKG Weekly and Daily overview Charts
PKG Setup Rating and Analysis
The technical rating of PKG is bad and it also does not present a 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
PKG Support and Resistance Analysis
179.60
3 important support areas can be observed.
- Support @195.77 from a trend line in the daily time frame.
- A support zone ranging from 186.23 to 191.41. 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 5 important areas.
- Resistance @207.24 from a horizontal line in the daily time frame.
- A resistance zone ranging from 218.79 to 221.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @232.56 from a horizontal line in the daily time frame.
- Resistance @240.27 from a horizontal line in the weekly time frame.
- Resistance @248.85 from a horizontal line in the weekly time frame.
PKG Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for PKG is down. |
| ChartMill Relative Strength | 54.78 | NEUTRAL | PKG is not amongst the best or worst performers 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) | UP | MIXED | The current price of PKG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 24.63 | OVERSOLD | The low RSI value suggests PKG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.6 | NEGATIVE | The MACD value suggests PKG has a negative trend. |
| Stochastics (14,3) | 4.64 | OVERSOLD | The low Stochastics value suggests PKG may be oversold. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for PKG suggests some volalility. |
| Average Directional Index/ADX (14) | 35.26 | POSITIVE | The high ADX value value for PKG suggests a strong trend. |
PKG Chart- and CandleStick Pattern Analysis
PKG Technicals: Chart, Performance Metrics, Trend & Indicators
202.73
-1.66 (-0.81%)
PACKAGING CORP OF AMERICA / PKG TA FAQ
What is the technical rating for PKG stock?
ChartMill assigns a technical rating of 1 / 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 24.6312. This indicates that the stock is currently oversold.
What is the short term momentum for PACKAGING CORP OF AMERICA (PKG) stock?
The short term momentum for PACKAGING CORP OF AMERICA (PKG) is negative.
Can you provide the support and resistance levels for PACKAGING CORP OF AMERICA?
PACKAGING CORP OF AMERICA (PKG) has a support level at 195.77 and a resistance level at 207.24. Check the full technical report for our detailed analysis of PKG support and resistance levels.