PACTIV EVERGREEN INC (PTVE) Stock Technical Analysis
NASDAQ:PTVE - Nasdaq - US69526K1051 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to PTVE. Both in the recent history as in the last year, PTVE has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
PTVE is one of the better performing stocks in the Containers & Packaging industry, it outperforms 95% of 24 stocks in the same industry.
PTVE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
PTVE has an average volume of 1292970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PTVE did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month PTVE has a been trading in a tight range between 17.38 and 17.81.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, PTVE also presents 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 17.78. Right above this resistance zone may be a good entry point.
More info and screens
10.71
17.99
We found 5 important support areas.
- A support zone ranging from 17.63 to 17.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.23 from a horizontal line in the daily time frame.
- A support zone ranging from 12.97 to 13.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.69 from a trend line in the daily time frame.
- A support zone ranging from 10.82 to 10.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.78 to 17.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.03
Mansfield2.14
10 Day High17.81
10 Day Low17.5
20 Day High17.81
20 Day Low17.38
52 Week High17.81
52 Week Low8.83
Performance
1 Week-0.06%
2 Weeks1.14%
1 Month1.66%
3 Month57.12%
6 Month82.63%
12 Month23.23%
2 Year54.39%
3 Year62.28%
5 YearN/A
10 YearN/A
15 YearN/A
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)-0.1
RSI(14)78.01
LBB17.46
UBB17.9
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.82 | 17.62 | 0.20 (1.12%) | 25.00% |
| An entry @17.82. This is a Buy Stop order right above the resistance zone. | An exit @17.62. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.20 points, which is 1.12%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.28%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PACTIV EVERGREEN INC
NASDAQ:PTVE (1/30/2025, 8:00:01 PM)
After market: 17.77 0 (0%)17.77
+0.02 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0.11%
1 Week-0.06%
2 Weeks1.14%
1 Month1.66%
3 Month57.12%
6 Month82.63%
12 Month23.23%
2 Year54.39%
3 Year62.28%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.53%
ATR Inc-43.8%
Range Today0.05
ADR(20)0.09
ADR(20)%0.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.03
Mansfield2.14
10 Day High17.81
10 Day Low17.5
20 Day High17.81
20 Day Low17.38
52 Week High17.81
52 Week Low8.83
CS1 End17.76
CR1 Start17.78
Volume & EV
DER(3)0.42%
DER(5)-0.52%
Volume245.80K
Volume Incr-42.91%
Vol(5)454.70K
Vol(50)1.29M