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Archive
- 8/22/2025 -
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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 first positive week for the Packaging Corporation of America (PKG). During the week, the PKG gained 19.32 points, or 9.99%, and closed at 212.74 on Friday, August 22, 2025. Weekly volume was 57% above average.
 Long-term trend: [See PKG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 110.56 and reached 250.80 on November 25, 2024. PKG gained -140.24 points, or -126.85%, in 110 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 181.52 and resistance is at 293.08. 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 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 (192.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PKG may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 Weekly Technical Indicators: [See PKG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 27, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 August 1, 2025 at 189.03 and reached 216.78 on August 22, 2025. PKG gained -27.75 points, or -14.68%, in 21 days. The price is now at the 14.56% retracement level.
Daily Technical Indicators: [See PKG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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