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Uptrend SupportArchive
- 8/8/2025 -
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Packaging Corporation of America (PKG) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the Packaging Corporation of America (PKG). During the week, the PKG gained 5.02 points, or 2.62%, and closed at 196.43 on Friday, August 8, 2025. Weekly volume was -30% below 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 180.50 and resistance is at 290.79. 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 April 9, 2025 at 172.70 and reached 212.43 on July 24, 2025. PKG gained -39.73 points, or -23.01%, in 15 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 192.72 and resistance is at 217.21. 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 medium-term trend.
 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 27, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 July 24, 2025 at 212.43 and reached 189.03 on August 1, 2025. PKG lost 23.40 points, or 11.02%, in 8 days. The price is now at the 31.62% 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 rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 Lane's Stochastic help.
The daily MACD line is below its signal line since July 25, 2025. This is an indication that the short-term trend is down.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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