RANPAK HOLDINGS CORP (PACK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PACK - US75321W1036 - Common Stock
Overall PACK gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, PACK is a bad performer.
PACK has an average technical rating and it also 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.
More info and screens
4.14
When analyzing the support we can see 3 important areas.
- Support @4.72 from a trend line in the weekly time frame.
- Support @4.45 from a trend line in the daily time frame.
- Support @4.18 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.85 to 5.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.87 from a horizontal line in the weekly time frame.
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 PACK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PACK is up. |
| ChartMill Relative Strength | 30.17 | NEUTRAL | PACK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PACK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PACK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PACK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.58 | NEUTRAL | The RSI value for PACK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests PACK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.49 | OVERBOUGHT | The high Stochastics value suggests PACK may be overbought. |
| Average True Range in percent/ATR (20) | 4.75 | MEDIUM VOLATILITY | The ATR as a percentage value for PACK suggests some volalility. |
| Average Directional Index/ADX (14) | 19.31 | NEGATIVE | The low ADX value for PACK suggests a weak or negative trend. |
5.55
-0.18 (-3.14%)
RANPAK HOLDINGS CORP / PACK FAQ
What is the ChartMill technical rating of RANPAK HOLDINGS CORP (PACK) stock?
ChartMill assigns a technical rating of 6 / 10 to PACK.
What is the current trend direction of RANPAK HOLDINGS CORP (PACK) stock?
The current trend direction for RANPAK HOLDINGS CORP (PACK) is Bullish.
What is the RSI signal for PACK stock?
RANPAK HOLDINGS CORP (PACK) has an RSI value of 61.5814. This indicates that the stock is currently neutral.
What is the short term momentum for RANPAK HOLDINGS CORP (PACK) stock?
The short term momentum for RANPAK HOLDINGS CORP (PACK) is positive.
What is the buy/sell signal for PACK stock?
The buy/sell signal for RANPAK HOLDINGS CORP (PACK) is buy as both the short term and long term trends are positive.