The Greedy Trader Weekly Analysis
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- 7/24/2026 -
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Packaging Corporation of America (PKG) Technical Analysis

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Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Packaging Corporation of America (PKG). During the week, the PKG gained 21.32 points, or 9.15%, and closed at 254.39 on Friday, July 24, 2026. Weekly volume was 28% above average.

Long-term trend: [See PKG long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 172.70 and reached 254.49 on July 24, 2026. PKG gained -81.79 points, or -47.36%, in 67 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 211.61 and resistance is at 278.98. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See PKG medium-term trend chart]
A medium-term uptrend had started on March 20, 2026 at 201.25 and reached 254.49 on July 24, 2026. PKG gained -53.24 points, or -26.45%, in 18 weeks. Price is near the trend high.

Weekly Technical Indicators: [See PKG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 5, 2026. 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 uptrend had started on July 22, 2026 at 222.74 and reached 254.49 on July 24, 2026. PKG gained -31.75 points, or -14.25%, in 2 days. Price is near the trend high.

Daily Technical Indicators: [See PKG daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.11
Williams' Percentage Range (W%R) 65.30
Lane's Stochastic (%D-Slow) 56.76
Greed/Fear Indicator (GFI) 52.20
Moving Average Converg./Diverg. (MACD) 1.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.13
Williams' Percentage Range (W%R) 38.90
Lane's Stochastic (%D-Slow) 76.44
Greed/Fear Indicator (GFI) 65.22
Moving Average Converg./Diverg. (MACD) 3.74
Trading Signals
Description Value Chart
Yearly Trendline Resistance 278.98
Price 254.39
Upper Bollinger Band 246.58
Weekly Stochastic Crossing 243.50
Daily Stochastic Crossing 242.30
20 Day Moving Average 232.99
50 Day Moving Average 226.77
Parabolic System 222.52
Lower Bollinger Band 218.22
Yearly Trendline Support 211.61
Sector and Industry
Description Name Rank
Sector Materials 3
Industry Paper Packaging 72
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 222.74
Low Date 07/22/2026
High 254.49
High Date 07/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 222.74
Low Date 07/22/2026
High 254.49
High Date 07/24/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 222.74
Low Date 07/22/2026
High 254.49
High Date 07/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 201.25
Low Date 03/20/2026
High 254.49
High Date 07/24/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 278.98
Support 211.61
Low 172.70
Low Date 04/09/2025
High 254.49
High Date 07/24/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.