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Archive
- 4/5/2024 -
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Packaging Corporation of America (PKG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Packaging Corporation of America (PKG). During the week, the PKG dropped -2.11 points, or -1.11%, and closed at 187.67 on Friday, April 5, 2024. Weekly volume was -38% below average.
PKG is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See PKG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 110.56 and reached 190.61 on March 28, 2024. PKG gained -80.05 points, or -72.40%, in 76 weeks. Price is near the trend high.
Medium-term trend: [See PKG medium-term trend chart]
A medium-term uptrend had started on December 13, 2023 at 160.68 and reached 190.61 on March 28, 2024. PKG gained -29.93 points, or -18.63%, in 15 weeks. The price is now at the 9.82% retracement level.
 Weekly Technical Indicators: [See PKG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 16, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See PKG short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 190.61 and reached 186.28 on April 2, 2024. PKG lost 4.33 points, or 2.27%, in 5 days. The price is now at the 32.10% retracement level.
 Daily Technical Indicators: [See PKG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is below its signal line since March 14, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Materials |
10 |
| Industry |
Paper Packaging |
63 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
190.61 |
| High Date |
03/28/2024 |
| Low |
186.28 |
| Low Date |
04/02/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
180.54 |
| Low Date |
03/18/2024 |
| High |
190.61 |
| High Date |
03/28/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
160.68 |
| Low Date |
12/13/2023 |
| High |
190.61 |
| High Date |
03/28/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
122.20 |
| Low Date |
06/01/2023 |
| High |
190.61 |
| High Date |
03/28/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
110.56 |
| Low Date |
10/13/2022 |
| High |
190.61 |
| High Date |
03/28/2024 |
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