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Downtrend ExhaustionArchive
- 4/25/2025 -
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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 -2.39 points, or -1.28%, and closed at 184.80 on Friday, April 25, 2025. Weekly volume was 71% 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 157.27 and resistance is at 274.24. 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 November 25, 2024 at 250.80 and reached 172.70 on April 9, 2025. PKG lost 78.10 points, or 31.14%, in 19 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 163.55 and resistance is at 189.00. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See PKG weekly technical indicators chart]
Weekly Relative Strength Index is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index. 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 link to access Relative Strength Index 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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 14, 2025 at 193.53 and reached 176.45 on April 23, 2025. PKG lost 17.08 points, or 8.83%, in 9 days. The price is now at the 48.89% retracement level.
 Daily Technical Indicators: [See PKG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 11, 2025. The distance between MACD and the signal line is low, but getting bigger.
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