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Archive
- 3/21/2025 -
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Packaging Corporation of America (PKG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Packaging Corporation of America (PKG). During the week, the PKG dropped -2.40 points, or -1.22%, and closed at 194.40 on Friday, March 21, 2025. Weekly volume was 77% above average.
 Long-term trend: [See PKG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 110.56 and reached 250.80 on November 25, 2024. PKG gained -140.24 points, or -126.85%, in 110 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 155.50 and resistance is at 268.72. 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 January 21, 2025 at 242.70 and reached 190.80 on March 14, 2025. PKG lost 51.90 points, or 21.38%, in 7 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 188.20 and resistance is at 197.00. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See PKG weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 14, 2025 at 190.80 and reached 199.70 on March 17, 2025. PKG gained -8.90 points, or -4.66%, in 3 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See PKG daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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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 |
28 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
199.70 |
| High Date |
03/17/2025 |
| Low |
192.50 |
| Low Date |
03/21/2025 |
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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 |
190.80 |
| Low Date |
03/14/2025 |
| High |
199.70 |
| High Date |
03/17/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
197.00 |
| Support |
188.20 |
| High |
242.70 |
| High Date |
01/21/2025 |
| Low |
190.80 |
| Low Date |
03/14/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
250.80 |
| High Date |
11/25/2024 |
| Low |
190.80 |
| Low Date |
03/14/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
268.72 |
| Support |
155.50 |
| Low |
110.56 |
| Low Date |
10/13/2022 |
| High |
250.80 |
| High Date |
11/25/2024 |
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