PACKAGING CORP OF AMERICA (PKG) Stock Technical Analysis
NYSE:PKG - New York Stock Exchange, Inc. - US6951561090 - Common Stock - Currency: USD
Overall PKG gets a technical rating of 1 out of 10. PKG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
PKG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When compared to the yearly performance of all other stocks, PKG outperforms 58% of them, which is more or less in line with the market.
PKG is an average performer in the Containers & Packaging industry, it outperforms 69% of 24 stocks in the same industry.
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.
Although the technical rating is bad, PKG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 211.35, a Stop Loss order could be placed below this zone.
More info and screens
199.79
251.34
When analyzing the support we notice one important area.
- A support zone ranging from 201.81 to 211.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @234.91 from a trend line in the weekly time frame.
- A resistance zone ranging from 240.28 to 242.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @248.85 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.3
Mansfield-0.22
10 Day High215.5
10 Day Low206.49
20 Day High215.98
20 Day Low201.69
52 Week High250.82
52 Week Low169
Performance
1 Week2.49%
2 Weeks0.44%
1 Month-0.54%
3 Month-14.37%
6 Month1.69%
12 Month18.26%
2 Year55.86%
3 Year44.77%
5 Year135.15%
10 Year157.17%
15 Year795.34%
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)
Technical Indicators
MACD(12,26,9)1.01
RSI(14)45.11
LBB205.89
UBB215.26
213.09
+2.34 (+1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg1.11%
1 Week2.49%
2 Weeks0.44%
1 Month-0.54%
3 Month-14.37%
6 Month1.69%
12 Month18.26%
2 Year55.86%
3 Year44.77%
5 Year135.15%
10 Year157.17%
15 Year795.34%
Volatility
ATR(14)3.98
ATR(20)%1.88%
ATR Inc-22.85%
Range Today2.75
ADR(20)3.79
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.3
Mansfield-0.22
10 Day High215.5
10 Day Low206.49
20 Day High215.98
20 Day Low201.69
52 Week High250.82
52 Week Low169
CS1 End211.35
CR1 Start234.91
Volume & EV
DER(3)-0.41%
DER(5)-0.61%
Volume747.40K
Volume Incr-29.33%
Vol(5)694.24K
Vol(50)904.88K