PACKAGING CORP OF AMERICA (PKG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PKG - US6951561090 - Common Stock
197.32 USD
+0.01 (+0.01%)
197.32 USD
0 (0%)
We assign a technical rating of 0 out of 10 to PKG. PKG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
79% of all other stocks performed better in the past year than PKG.
PKG is one of the lesser performing stocks in the Containers & Packaging industry. 61% of 22 stocks in the same industry do better.
In the last month PKG has a been trading in the 191.50 - 208.61 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PKG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PKG is lagging the market slightly.
PKG has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
179.60
222.46
When analyzing the support we can see 3 important areas.
- Support @195.93 from a trend line in the daily time frame.
- A support zone ranging from 190.23 to 192.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @181.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 197.37 to 198.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 201.36 to 202.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 205.95 to 211.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 217.93 to 220.26. 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 | DOWN | NEGATIVE | The long term trend for PKG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PKG is down. |
| ChartMill Relative Strength | 21.36 | NEGATIVE | PKG has a low relative strength, it was outperformed by 78.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PKG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PKG is below a declining 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) | 44.48 | NEUTRAL | The RSI value for PKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests PKG has a positive trend. |
| Stochastics (14,3) | 31.22 | NEUTRAL | The Stochastics value for PKG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for PKG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.99 | 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)
197.32
+0.01 (+0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.01%
1 Week0.33%
2 Weeks-1.69%
1 Month-4.5%
3 Month-9.47%
6 Month2.15%
12 Month-20.71%
2 Year17.45%
3 Year45.21%
5 Year51.78%
10 Year190.22%
15 Year669.28%
Volatility
ATR(14)3.87
ATR(20)%2.08%
ATR Inc27.83%
Range Today2.54
ADR(20)3.96
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.36
3 months CRS24.56
6 months CRS41.32
Mansfield-1.24
10 Day High204.11
10 Day Low191.5
20 Day High208.61
20 Day Low191.5
52 Week High248.61
52 Week Low172.72
CS1 End195.93
CR1 Start197.37
Volume & EV
DER(3)1.03%
DER(5)0.28%
Volume749.60K
Volume Incr-15.02%
Vol(5)775.85K
Vol(50)743.91K
PACKAGING CORP OF AMERICA / PKG FAQ
What is the technical rating for PKG stock?
ChartMill assigns a technical rating of 0 / 10 to PKG.
What is the current trend direction of PACKAGING CORP OF AMERICA (PKG) stock?
The current trend direction for PACKAGING CORP OF AMERICA (PKG) is Bearish.
What is the RSI signal for PKG stock?
PACKAGING CORP OF AMERICA (PKG) has an RSI value of 44.4774. This indicates that the stock is currently neutral.
What is the MACD signal for PKG stock?
The MACD indicator for PACKAGING CORP OF AMERICA (PKG) has a value of 0.105641, indicating a bearish trend.
Can you provide the buy/sell signal for PACKAGING CORP OF AMERICA?
The buy/sell signal for PACKAGING CORP OF AMERICA (PKG) is sell as both the short term and long term trends are negative.