PACKAGING CORP OF AMERICA (PKG)

US6951561090 - Common Stock

185.09  +1 (+0.54%)

Technical Rating and Analysis

9

Overall PKG gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PKG is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that PKG is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by PKG over the past year are nicely spread over this period.
PKG is one of the better performing stocks in the Containers & Packaging industry, it outperforms 86% of 23 stocks in the same industry.
PKG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PKG has a been trading in a tight range between 178.18 and 184.76.
Weekly and Daily overview Charts
PKG Weekly chart
PKG Daily chart
Setup Rating and Analysis

8

PKG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 182.69, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

159.75

192.63

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 178.00 to 182.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 172.46 to 172.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • Support @169.71 from a horizontal line in the daily time frame.
  • Support @161.36 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 187.68 to 190.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.06
Mansfield-0.01
10 Day High184.76
10 Day Low178.18
20 Day High184.76
20 Day Low178.18
52 Week High191.27
52 Week Low127.7
Performance
1 Week1.13%
2 Weeks1.75%
1 Month1.47%
3 Month0.65%
6 Month11.73%
12 Month39.02%
2 Year33.88%
3 Year35.94%
5 Year93.13%
10 Year157.51%
15 Year1036.36%
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)
Technical Indicators
MACD(12,26,9)0.22
RSI(14)57.36
LBB179.36
UBB185.38
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
184.77178.176.60 (3.57%)25.00%
An entry @184.77. This is a Buy Stop order right above the 10 day high.An exit @178.17. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 6.60 points, which is 3.57%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%.

  • 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.
PKG Daily chart

PACKAGING CORP OF AMERICA

NYSE:PKG (6/12/2024, 11:07:44 AM)

185.09

+1 (+0.54%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.54%
1 Week1.13%
2 Weeks1.75%
1 Month1.47%
3 Month0.65%
6 Month11.73%
12 Month39.02%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.63
ATR(20)%1.34%
ATR Inc
Range Today1.68
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High184.76
10 Day Low178.18
20 Day High184.76
20 Day Low178.18
52 Week High191.27
52 Week Low127.7
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume70.05K
Volume Incr-7.77%
Vol(5)444.08K
Vol(50)571.73K