The Greedy Trader Weekly Analysis
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- 4/10/2026 -
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Packaging Corporation of America (PKG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineLane's Stochastic is oversoldTrend support at 202.95
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week for the Packaging Corporation of America (PKG). During the week, the PKG climbed 1.92 points, or 0.94%, and closed at 206.38 on Friday, April 10, 2026. Weekly volume was -21% below average.

PKG is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See PKG long-term trend chart]
A long-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 Symmetric Triangle chart pattern. The downtrend resistance line (202.95) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line 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 249.51 on February 12, 2026. PKG gained -76.81 points, or -44.48%, in 44 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (202.95) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See PKG weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 weekly MACD line is below its signal line since March 13, 2026. 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 February 12, 2026 at 249.51 and reached 201.25 on March 20, 2026. PKG lost 48.26 points, or 19.34%, in 36 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 202.15 and resistance is at 209.78. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.

Daily Technical Indicators: [See PKG daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.43
Williams' Percentage Range (W%R) 56.70
Lane's Stochastic (%D-Slow) 36.60
Greed/Fear Indicator (GFI) 44.79
Moving Average Converg./Diverg. (MACD) -4.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.71
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 18.62
Oversold
Greed/Fear Indicator (GFI) 31.59
Moving Average Converg./Diverg. (MACD) 4.57
Trading Signals
Description Value Chart
50 Day Moving Average 222.69
Upper Bollinger Band 219.53
Weekly Trendline Resistance 209.78
20 Day Moving Average 209.71
Weekly Stochastic Crossing 208.18
Daily Stochastic Crossing 207.26
Price 206.38
Lower Bollinger Band 203.56
Quarterly Trendline Support 202.95
Yearly Trendline Support 202.95
Weekly Trendline Support 202.15
Parabolic System 201.78
Yearly Trendline Resistance 196.77
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Paper Packaging 21
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 216.03
High Date 03/25/2026
Low 201.56
Low Date 04/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 209.78
Support 202.15
High 249.51
High Date 02/12/2026
Low 201.25
Low Date 03/20/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 191.50
Low Date 11/20/2025
High 249.51
High Date 02/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 259.86
Support 202.95
Low 172.70
Low Date 04/09/2025
High 249.51
High Date 02/12/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 196.77
Support 202.95
High 250.80
High Date 11/25/2024
Low 172.70
Low Date 04/09/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.