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(PKG) Packaging Corporation complete technical analysis [charts+indicators] | Buy/Sell Packaging Corporation | (PKG) share price targets

Complete technical analysis of Packaging Corporation (PKG) by charts plus indicators, forecast predictions and share price targets for Packaging Corporation (PKG)

Packaging Corporation trades in USA in Consumer Durables sector.

Showing technical analysis as on 2024-05-24 View latest technical analysis

10 day averaged volume of Packaging Corporation is 488109

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri May 2024	183.77	181.66	183.83	179.95	0.808 times
23 Thu May 2024	180.24	181.69	181.69	179.60	1.377 times
22 Wed May 2024	181.30	181.03	182.56	181.03	0.769 times
21 Tue May 2024	181.85	181.91	182.91	179.50	1.149 times
20 Mon May 2024	181.56	183.00	184.10	181.35	0.947 times
17 Fri May 2024	183.13	183.00	183.31	181.95	0.99 times
16 Thu May 2024	182.40	182.01	182.72	181.04	0.785 times
15 Wed May 2024	182.03	182.39	182.39	181.05	1.299 times
14 Tue May 2024	181.64	182.24	182.41	180.55	1.34 times
13 Mon May 2024	181.43	179.93	181.45	179.42	0.632 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 182.5, but if it comes below 182.5, then a intra day sell could be more profitable.
If you take a sell trade below 182.5, then use 182.5 as stoploss and 179.44 as target. However if you take a buy trade in stock , then use 182.5 as stoploss and 186.1 as target.

Share price targets for Packaging Corporation (PKG)

Target Type	Value
Downside Target	159.57
Downside Target	169.00
Downside Target	180.49
Downside Target	180.69
Downside Target	180.71
Downside Target	183.31
Upside Target	183.95
Upside Target	184.10
Upside Target	190.61
Upside Target	191.27

Intraday share price targets for Packaging Corporation (PKG)

Target Type	Value
Downside Intraday Target	180.81
Downside Intraday Target	177.86
Upside Intraday Target	185.41
Upside Intraday Target	187.06
Downside Intraday Target	182.46

Weekly technical analysis of Packaging Corporation (PKG)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri May 2024	183.77	183.00	184.10	179.50	1.001 times
17 Fri May 2024	183.13	179.93	183.31	179.42	1.062 times
10 Fri May 2024	179.40	177.48	180.71	175.75	0.779 times
03 Fri May 2024	176.27	176.35	180.69	172.37	0.738 times
26 Fri Apr 2024	172.85	179.64	180.49	169.00	0.812 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Packaging Corporation (PKG)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Fri May 2024	183.77	173.38	184.10	172.37	0.588 times
30 Tue Apr 2024	172.98	189.48	191.27	169.00	1.093 times
28 Thu Mar 2024	189.78	180.47	190.61	179.41	1.035 times
29 Thu Feb 2024	181.19	166.63	183.95	159.57	0.802 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Packaging Corporation (PKG)

Price action analysis of Packaging Corporation ( (PKG) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Packaging Corporation ( (PKG) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Packaging Corporation ( (PKG) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Packaging Corporation ( (PKG) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Packaging Corporation stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Packaging Corporation in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Packaging Corporation Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Packaging Corporation in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Packaging Corporation is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 181.85 and Packaging Corporation (PKG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Packaging Corporation (PKG) stock. Volume based technical analysis of Packaging Corporation (PKG) stock is negative.

Packaging Corporation Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.