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PACKAGING CORP OF AMERICA (PKG)

US6951561090 - Common Stock

161.85  +3.71 (+2.35%)

After market: 161.85 0 (0%)

Technical Rating and Analysis

7

Taking everything into account, PKG scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PKG is only an average performer.

The long and short term trends are both positive. This is looking good!
PKG is one of the better performing stocks in the Containers & Packaging industry, it outperforms 86% of 23 stocks in the same industry.
A new 52 week high is currently being made by PKG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month PKG has a been trading in the 148.50 - 163.37 range, which is quite wide. It is currently trading near the high of this range.
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. However, this overall performance is mostly based on the strong move around 4 months ago.
Weekly and Daily overview Charts
PKG Weekly chart
PKG Daily chart
Setup Rating and Analysis

3

Although PKG has an excellent technical rating, it does not offer a high 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.

Support and Resistance Analysis

126.05

163.48

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 152.95 to 156.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 149.42 to 150.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 144.47 to 144.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @139.04 from a trend line in the weekly time frame.
  • A support zone ranging from 127.32 to 127.91. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 161.86 to 161.86. 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
CRS87.3
Mansfield0.65
10 Day High163.37
10 Day Low148.5
20 Day High163.37
20 Day Low148.5
52 Week High163.37
52 Week Low122.2
Performance
1 Week5.44%
2 Weeks2.51%
1 Month5.75%
3 Month8.22%
6 Month26.37%
12 Month17.44%
2 Year23.94%
3 Year24.5%
5 Year65.46%
10 Year164.2%
15 Year984.06%
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)0.37
RSI(14)66.27
LBB151.37
UBB160.99
PKG Daily chart

PACKAGING CORP OF AMERICA

NYSE:PKG (11/29/2023, 7:20:00 PM)

After market: 161.85 0 (0%)

161.85

+3.71 (+2.35%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg2.35%
1 Week5.44%
2 Weeks2.51%
1 Month5.75%
3 Month8.22%
6 Month26.37%
12 Month17.44%
2 Year23.94%
3 Year24.5%
5 Year65.46%
10 Year164.2%
15 Year984.06%
Volatility
ATR(14)3.62
ATR(20)%1.97%
ATR Inc31.19%
Range Today5.3
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.3
Mansfield0.65
10 Day High163.37
10 Day Low148.5
20 Day High163.37
20 Day Low148.5
52 Week High163.37
52 Week Low122.2
CS1 End156.38
CR1 Start161.86
Volume & EV
DER(3)3.55%
DER(5)0.6%
Volume883.40K
Volume Incr23.08%
Vol(5)738.92K
Vol(50)600.04K