PACKAGING CORP OF AMERICA (PKG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PKG - US6951561090 - Common Stock
Taking everything into account, PKG scores 3 out of 10 in our technical rating. In the past year, PKG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
PKG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 204.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 202.79, a Stop Loss order could be placed below this zone.
More info and screens
179.60
When analyzing the support we can see 4 important areas.
- A support zone ranging from 199.78 to 202.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 190.70 to 193.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @186.23 from a horizontal line in the daily time frame.
- Support @181.41 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 204.07 to 205.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @209.53 from a trend line in the weekly time frame.
- A resistance zone ranging from 220.26 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 | NEUTRAL | NEUTRAL | The long term trend for PKG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PKG is up. |
| ChartMill Relative Strength | 25.2 | NEGATIVE | PKG has a low relative strength, it was outperformed by 74.8% 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) | DOWN | MIXED | The current price of PKG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PKG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.64 | NEUTRAL | The RSI value for PKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests PKG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.61 | NEUTRAL | The Stochastics value for PKG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for PKG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.74 | NEGATIVE | The low ADX value for PKG suggests a weak or negative trend. |
202.82
-1.21 (-0.59%)
PACKAGING CORP OF AMERICA / PKG FAQ
What is the technical rating for PKG stock?
ChartMill assigns a technical rating of 3 / 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 52.6403. 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 0.659485, indicating a bearish trend.