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Archive
- 6/5/2026 -
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Packaging Corporation of America (PKG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the Packaging Corporation of America (PKG). During the week, the PKG gained 3.91 points, or 1.79%, and closed at 222.82 on Friday, June 5, 2026. Weekly volume was -40% below 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 249.51 on February 12, 2026. PKG gained -76.81 points, or -44.48%, in 44 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 207.65 and resistance is at 270.22. 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 downtrend had started on February 12, 2026 at 249.51 and reached 201.25 on March 20, 2026. PKG lost 48.26 points, or 19.34%, in 5 weeks. The chart has formed a Descending Triangle chart pattern. The price is near the trend resistance line (224.55). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See PKG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 May 19, 2026 at 202.93 and reached 227.89 on June 2, 2026. PKG gained -24.96 points, or -12.30%, in 14 days. The price is now at the 20.31% retracement level.
 Daily Technical Indicators: [See PKG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since May 27, 2026. This is an indication that the short-term trend is up.
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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 |
5 |
| Industry |
Paper Packaging |
17 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
227.89 |
| High Date |
06/02/2026 |
| Low |
221.14 |
| Low Date |
06/05/2026 |
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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 |
202.93 |
| Low Date |
05/19/2026 |
| High |
227.89 |
| High Date |
06/02/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Right-Angled, Ascending Wedge |
| Status |
Valid |
| Resistance |
242.31 |
| Support |
203.41 |
| Low |
201.25 |
| Low Date |
03/20/2026 |
| High |
231.27 |
| High Date |
05/06/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Descending Triangle |
| Status |
Test Resistance |
| Resistance |
224.55 |
| Support |
203.42 |
| High |
249.51 |
| High Date |
02/12/2026 |
| Low |
201.25 |
| Low Date |
03/20/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
270.22 |
| Support |
207.65 |
| Low |
172.70 |
| Low Date |
04/09/2025 |
| High |
249.51 |
| High Date |
02/12/2026 |
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