PACKAGING CORP OF AMERICA (PKG) Stock Technical Analysis
NYSE:PKG • US6951561090
Taking everything into account, PKG scores 8 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 currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PKG is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that PKG is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- PKG is part of the Containers & Packaging industry. There are 22 other stocks in this industry, PKG did better than 47% of them.
- In the last month PKG has a been trading in the 215.47 - 249.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
175.79
5 important support areas can be observed.
- A support zone ranging from 238.94 to 238.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 228.80 to 231.81. 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 204.94 to 207.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 186.23 to 190.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @177.57 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 246.32 to 246.32. 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 | 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 | 74.87 | POSITIVE | PKG has a high relative strength, it outperformed 74.87% off all stocks 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) | UP | POSITIVE | The current price of PKG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.53 | NEUTRAL | The RSI value for PKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PKG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.93 | NEUTRAL | The Stochastics value for PKG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for PKG suggests some volalility. |
| Average Directional Index/ADX (14) | 43.3 | POSITIVE | The high ADX value value for PKG suggests a strong trend. |
238.95
-0.08 (-0.03%)
PACKAGING CORP OF AMERICA / PKG FAQ
What is the technical rating for PKG stock?
ChartMill assigns a technical rating of 8 / 10 to PKG.
What is the trend direction for PKG stock?
The current trend direction for PACKAGING CORP OF AMERICA (PKG) is Bullish.
What is the RSI signal for PKG stock?
PACKAGING CORP OF AMERICA (PKG) has an RSI value of 63.5329. This indicates that the stock is currently neutral.
What is the short term momentum for PACKAGING CORP OF AMERICA (PKG) stock?
The short term momentum for PACKAGING CORP OF AMERICA (PKG) is positive.
Can you provide the support and resistance levels for PACKAGING CORP OF AMERICA?
PACKAGING CORP OF AMERICA (PKG) has a support level at 238.94 and a resistance level at 246.32. Check the full technical report for our detailed analysis of PKG support and resistance levels.