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 5 out of 10 in our technical rating. PKG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month PKG has a been trading in the 184.76 - 204.18 range, which is quite wide. It is currently trading near the high of this range.
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 47% 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 currently trading near new highs, so PKG is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
174.20
204.79
4 important support areas can be observed.
- Support @200.81 from a horizontal line in the daily time frame.
- A support zone ranging from 185.07 to 193.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 202.30 to 202.76. 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 | 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 | 54.58 | 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) | 66.57 | NEUTRAL | The RSI value for PKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.49 | POSITIVE | The MACD value suggests PKG has a positive trend. |
| Stochastics (14,3) | 90.46 | OVERBOUGHT | The high Stochastics value suggests PKG may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for PKG suggests low volalility. |
| Average Directional Index/ADX (14) | 21.84 | NEUTRAL | The ADX value for PKG suggests a possible start of a new 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)
202.29
+0.35 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.17%
1 Week7.8%
2 Weeks8.62%
1 Month4.63%
3 Month10.29%
6 Month-10.44%
12 Month13.92%
2 Year31.91%
3 Year43.87%
5 Year110.46%
10 Year185.76%
15 Year742.88%
Volatility
ATR(14)4.14
ATR(20)%1.89%
ATR Inc-26.43%
Range Today2.88
ADR(20)3.58
ADR(20)%1.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.58
Mansfield-1.07
10 Day High204.18
10 Day Low184.76
20 Day High204.18
20 Day Low184.76
52 Week High250.82
52 Week Low172.72
CS1 End200.81
CR1 Start202.3
Volume & EV
DER(3)-4.27%
DER(5)-2.99%
Volume393.10K
Volume Incr15.41%
Vol(5)869.18K
Vol(50)794.43K