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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 534310

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	179.89	177.91	180.91	177.69	4.733 times
18 Thu Apr 2024	178.25	179.41	179.41	177.32	0.997 times
17 Wed Apr 2024	178.51	180.90	182.15	178.30	1.2 times
16 Tue Apr 2024	179.58	180.26	181.15	178.53	1.241 times
15 Mon Apr 2024	180.36	185.98	187.99	180.17	1.133 times
12 Fri Apr 2024	182.20	179.47	184.00	178.42	0.966 times
11 Thu Apr 2024	186.28	187.83	188.10	186.25	0.81 times
10 Wed Apr 2024	187.82	188.44	189.03	186.15	0.804 times
09 Tue Apr 2024	189.86	191.03	191.27	187.94	0.848 times
08 Mon Apr 2024	190.71	189.27	190.74	187.74	1.273 times

Stock of Packaging Corporation (PKG) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 181.5, but if it comes above 181.5, then a intra day buy could be more profitable.
If you take a sell trade below 181.5, then use 181.5 as stoploss and 176.7 as target. However if you take a buy trade in stock , then use 181.5 as stoploss and 185.57 as target.

Share price targets for Packaging Corporation (PKG)

Target Type	Value
Downside Target	159.57
Downside Target	171.61
Downside Target	176.97
Upside Target	186.28
Upside Target	186.54
Upside Target	187.99
Upside Target	190.50
Upside Target	190.61
Upside Target	191.27

Intraday share price targets for Packaging Corporation (PKG)

Target Type	Value
Downside Intraday Target	175.48
Downside Intraday Target	171.06
Upside Intraday Target	186.15
Upside Intraday Target	192.4
Upside Intraday Target	181.73

Weekly technical analysis of Packaging Corporation (PKG)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	179.89	185.98	187.99	177.32	1.979 times
12 Fri Apr 2024	182.20	189.27	191.27	178.42	1.282 times
05 Fri Apr 2024	187.67	189.48	190.50	186.28	0.934 times
28 Thu Mar 2024	189.78	184.65	190.61	184.36	0.644 times
22 Fri Mar 2024	184.72	182.38	186.54	180.54	0.786 times

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

Monthly technical analysis of Packaging Corporation (PKG)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	179.89	189.48	191.27	177.32	0.691 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
31 Wed Jan 2024	165.88	162.95	176.97	161.93	1.248 times

Scroll below to view daily charts

Price has moved down 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 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 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 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.

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

MACD generated a SELL signal for Packaging Corporation in short term but the sell signal is initial and weak.

Packaging Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Packaging Corporation in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 182.24 and Packaging Corporation (PKG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.