PACTIV EVERGREEN INC (PTVE) Stock Technical Analysis
NASDAQ:PTVE - US69526K1051 - Common Stock
18.01 USD
+0.05 (+0.28%)
18.02 USD
+0.01 (+0.06%)
We assign a technical rating of 8 out of 10 to PTVE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PTVE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
PTVE is part of the Containers & Packaging industry. There are 22 other stocks in this industry. PTVE outperforms 95% of them.
PTVE 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.
Looking at the yearly performance, PTVE did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month PTVE has a been trading in a tight range between 17.82 and 18.03.
Volume is considerably higher in the last couple of days.
Although PTVE has an excellent technical rating, it does not present a decent entry opportunity 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
11.12
18.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.23 to 17.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.21 to 14.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.02 to 18.02. 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 PTVE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTVE is up. |
| ChartMill Relative Strength | 88.75 | POSITIVE | PTVE has a high relative strength, it outperformed 88.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTVE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PTVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.71 | OVERBOUGHT | The high RSI value suggests PTVE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PTVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.19 | OVERBOUGHT | The high Stochastics value suggests PTVE may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for PTVE suggests low volalility. |
| Average Directional Index/ADX (14) | 48.16 | POSITIVE | The high ADX value value for PTVE suggests a strong 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)
18.01
+0.05 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.28%
1 Week0.45%
2 Weeks0.73%
1 Month0.9%
3 Month3.33%
6 Month57.84%
12 Month20.95%
2 Year125.13%
3 Year79.03%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.2%
ATR Inc43.15%
Range Today0.04
ADR(20)0.03
ADR(20)%0.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.75
Mansfield3.07
10 Day High18.03
10 Day Low17.87
20 Day High18.03
20 Day Low17.82
52 Week High18.03
52 Week Low8.83
CS1 End17.94
CR1 Start18.02
Volume & EV
DER(3)-1.16%
DER(5)-3.72%
Volume5.79M
Volume Incr133.12%
Vol(5)1.55M
Vol(50)731.71K