PACKAGING CORP OF AMERICA (PKG)

US6951561090 - Common Stock

189.78  +0.84 (+0.44%)

After market: 189.78 0 (0%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to PKG. 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 85% 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 81% of 23 stocks in the same industry.
PKG is currently making a new 52 week high. This is a strong signal. 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 the 178.00 - 189.32 range, which is quite wide. It is currently trading near the high of this range.
Weekly and Daily overview Charts
PKG Weekly chart
PKG Daily chart
Setup Rating and Analysis

6

Although PKG has an excellent technical rating, the quality of the presented setup is not ideal 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

159.75

191.68

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 188.95 to 188.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 184.58 to 185.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 170.17 to 170.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 161.36 to 163.41. 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
CRS85.18
Mansfield0.71
10 Day High189.32
10 Day Low180.54
20 Day High189.32
20 Day Low178
52 Week High189.32
52 Week Low122.2
Performance
1 Week2.56%
2 Weeks2.45%
1 Month7.13%
3 Month15.98%
6 Month23.05%
12 Month36.09%
2 Year21.03%
3 Year40.5%
5 Year90.12%
10 Year168.5%
15 Year1351.15%
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)-0.15
RSI(14)69.14
LBB180.88
UBB189.43
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
188.96184.574.39 (2.32%)25.00%
An entry @188.96. This is a Buy Stop order right above the resistance zone.An exit @184.57. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 4.39 points, which is 2.32%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%.

  • 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 (3/28/2024, 5:05:00 PM)

After market: 189.78 0 (0%)

189.78

+0.84 (+0.44%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.44%
1 Week2.56%
2 Weeks2.45%
1 Month7.13%
3 Month15.98%
6 Month23.05%
12 Month36.09%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.87
ATR(20)%1.79%
ATR Inc
Range Today1.94
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 High189.32
10 Day Low180.54
20 Day High189.32
20 Day Low178
52 Week High189.32
52 Week Low122.2
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume504.28K
Volume Incr-22.77%
Vol(5)570.68K
Vol(50)711.60K