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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.

10 day averaged volume of Packaging Corporation is 1133920

Date Daily Closing Price Open High Low Volume
28 Tue Mar 2023 134.52 132.32 134.72 132.32 0.293 times
27 Mon Mar 2023 132.25 133.83 133.91 132.02 0.481 times
24 Fri Mar 2023 133.15 130.35 133.34 129.20 0.414 times
23 Thu Mar 2023 131.08 130.40 132.41 129.76 0.491 times
22 Wed Mar 2023 130.72 133.31 133.77 130.57 0.462 times
21 Tue Mar 2023 132.96 135.30 135.62 132.40 0.723 times
20 Mon Mar 2023 133.50 129.42 134.24 129.42 0.848 times
17 Fri Mar 2023 127.32 129.46 129.46 126.23 4.358 times
16 Thu Mar 2023 129.17 126.94 130.10 126.83 0.701 times
15 Wed Mar 2023 128.50 128.71 129.44 127.06 0.827 times

My analysis of stock is bullish for shortterm, and stock might move up till 138 or till 142.8. Use a stoploss of 133.92 and if this stock hits its stoploss, then it can fall down till 129.87

Share price targets for Packaging Corporation (PKG)

Target Type Value
Downside Target 117.95
Downside Target 124.83
Upside Target 135.62
Upside Target 135.97
Upside Target 136.63
Upside Target 140.45
Upside Target 141.84
Upside Target 142.70
Upside Target 142.94
Upside Target 146.24

Intraday share price targets for Packaging Corporation (PKG)

Target Type Value
Downside Intraday Target 132.79
Downside Intraday Target 131.05
Upside Intraday Target 135.49
Upside Intraday Target 136.45
Downside Intraday Target 133.75

Weekly technical analysis of Packaging Corporation (PKG)

Date Weekly Closing Price Open High Low Volume
28 Tue Mar 2023 134.52 133.83 134.72 132.02 0.263 times
24 Fri Mar 2023 133.15 129.42 135.62 129.20 0.401 times
17 Fri Mar 2023 127.32 130.94 133.51 126.23 2.485 times
10 Fri Mar 2023 132.42 141.84 141.84 131.03 0.983 times
03 Fri Mar 2023 142.34 139.24 142.94 135.97 1.493 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
28 Tue Mar 2023 134.52 136.37 142.94 126.23 1.547 times
28 Tue Feb 2023 136.72 140.37 146.24 133.65 0.753 times
31 Tue Jan 2023 142.70 128.34 142.70 127.13 1.268 times
30 Fri Dec 2022 127.91 136.61 140.45 124.83 0.709 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Packaging Corporation (PKG)

Indicator Name Indicator Value Indicator Signal
ADX 22, 20, 5 Buy
MACD -2, -2Buy
Stochastics 75Buy
CCI 98Buy
RSI 52Buy
OBV -5533400Sell
VWAP 130Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Packaging Corporation ( (PKG) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Packaging Corporation ( (PKG) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Packaging Corporation ( (PKG) ) based on a short to mid 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.

Price action analysis of Packaging Corporation ( (PKG) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 but the buy signal is initial and weak.

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

Packaging Corporation Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 129.6 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 negative.

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

Daily charts

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Daily chart

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