PACTIV EVERGREEN INC (PTVE) Stock Technical Analysis
NASDAQ:PTVE - Nasdaq - US69526K1051 - Common Stock - Currency: USD
We assign a technical rating of 10 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!
When comparing the yearly performance of all stocks, we notice that PTVE is one of the better performing stocks in the market, outperforming 92% of all stocks.
PTVE is one of the better performing stocks in the Containers & Packaging industry, it outperforms 100% 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 is trading in the upper part of its 52 week range, but not near new highs, so PTVE is leading the market.
In the last month PTVE has a been trading in a tight range between 17.53 and 17.88.
Besides having an excellent technical rating, PTVE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.83, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.94
18.04
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.64 to 17.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.02 to 17.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.60 to 13.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.05 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.86 to 17.86. 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
CRS92.77
Mansfield2.54
10 Day High17.88
10 Day Low17.8
20 Day High17.88
20 Day Low17.53
52 Week High17.88
52 Week Low8.83
Performance
1 Week0.11%
2 Weeks0.17%
1 Month0.62%
3 Month21.59%
6 Month59.95%
12 Month35.02%
2 Year123.13%
3 Year77.44%
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)-0.03
RSI(14)72.12
LBB17.76
UBB17.88
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 |
|---|---|---|---|
| 17.87 | 17.79 | 0.08 (0.45%) | 25.00% |
| An entry @17.87. This is a Buy Stop order right above the resistance zone. | An exit @17.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 0.45%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
17.85
-0.01 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-0.06%
1 Week0.11%
2 Weeks0.17%
1 Month0.62%
3 Month21.59%
6 Month59.95%
12 Month35.02%
2 Year123.13%
3 Year77.44%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.33%
ATR Inc-0.16%
Range Today0.03
ADR(20)0.06
ADR(20)%0.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.77
Mansfield2.54
10 Day High17.88
10 Day Low17.8
20 Day High17.88
20 Day Low17.53
52 Week High17.88
52 Week Low8.83
CS1 End17.83
CR1 Start17.86
Volume & EV
DER(3)-1.31%
DER(5)-0.72%
Volume684.93K
Volume Incr-4.96%
Vol(5)512.06K
Vol(50)784.88K