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Archive
- 5/29/2026 -
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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 second consecutive positive week for the Packaging Corporation of America (PKG). During the week, the PKG gained 3.00 points, or 1.39%, and closed at 218.91 on Friday, May 29, 2026. Weekly volume was 9% above average.
 Long-term trend: [See PKG long-term trend chart]
A long-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 trend support level is at 207.05 and resistance is at 268.89. 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 March 20, 2026 at 201.25 and reached 231.27 on May 6, 2026. PKG gained -30.02 points, or -14.92%, in 6 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 203.20 and resistance is at 239.68. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, 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 below its signal line since March 13, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See PKG short-term trend chart]
A short-term uptrend had started on May 19, 2026 at 202.93 and reached 221.09 on May 27, 2026. PKG gained -18.16 points, or -8.95%, in 8 days. The price is now at the 12.00% retracement level.
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.
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