PACKAGING CORP OF AMERICA (PKG) Stock Technical Analysis
NYSE:PKG - New York Stock Exchange, Inc. - US6951561090 - Common Stock - Currency: USD
Taking everything into account, PKG scores 7 out of 10 in our technical rating. In the last year, PKG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
PKG is one of the lesser performing stocks in the Containers & Packaging industry. 61% of 22 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, PKG turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
PKG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PKG is lagging the market.
In the last month PKG has a been trading in the 184.76 - 209.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PKG has an excellent technical rating, but the quality of the setup is 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
174.20
214.63
5 important support areas can be observed.
- A support zone ranging from 192.69 to 196.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @189.27 from a trend line in the daily time frame.
- Support @185.98 from a trend line in the weekly time frame.
- A support zone ranging from 181.41 to 182.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 175.96 to 177.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 203.13 to 207.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @212.50 from a horizontal line in the daily 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 PKG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PKG is up. |
| ChartMill Relative Strength | 49.9 | 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) | DOWN | NEGATIVE | The current price of PKG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.76 | NEUTRAL | The RSI value for PKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests PKG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.04 | NEUTRAL | The Stochastics value for PKG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for PKG suggests low volalility. |
| Average Directional Index/ADX (14) | 29.67 | POSITIVE | The high ADX value value for PKG 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)
199.68
-3.71 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-1.82%
1 Week-1.52%
2 Weeks5.96%
1 Month5.9%
3 Month6.67%
6 Month-16.05%
12 Month4.43%
2 Year30.21%
3 Year42.01%
5 Year107.74%
10 Year182.07%
15 Year732%
Volatility
ATR(14)4.05
ATR(20)%1.92%
ATR Inc-10.45%
Range Today4.53
ADR(20)3.71
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.9
Mansfield-1.13
10 Day High209.58
10 Day Low189.88
20 Day High209.58
20 Day Low184.76
52 Week High250.82
52 Week Low172.72
CS1 End196.02
CR1 Start203.13
Volume & EV
DER(3)-2.49%
DER(5)-1.73%
Volume517.40K
Volume Incr-22.32%
Vol(5)560.62K
Vol(50)747.90K