The Greedy Trader Weekly Analysis
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- 2/27/2026 -
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Packaging Corporation of America (PKG) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :The price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Packaging Corporation of America (PKG). During the week, the PKG dropped -5.07 points, or -2.14%, and closed at 232.14 on Friday, February 27, 2026. Weekly volume was 34% above 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 (199.45) 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 trend support level is at 201.77 and resistance is at 263.50. 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 medium-term trend.

Weekly Technical Indicators: [See PKG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since December 26, 2025. This is an indication that the medium-term trend is up. 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 218.53 on February 23, 2026. PKG lost 30.98 points, or 12.42%, in 11 days. The price is now at the 43.93% retracement level.

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

The daily MACD line is below its signal line since February 19, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The price is close to the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.43
Williams' Percentage Range (W%R) 61.70
Lane's Stochastic (%D-Slow) 38.06
Greed/Fear Indicator (GFI) 38.93
Moving Average Converg./Diverg. (MACD) 4.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.60
Williams' Percentage Range (W%R) 33.60
Lane's Stochastic (%D-Slow) 81.07
Overbought
Greed/Fear Indicator (GFI) 68.74
Moving Average Converg./Diverg. (MACD) 4.27
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 263.50
Monthly Trendline Resistance 258.10
Upper Bollinger Band 246.38
Weekly Stochastic Crossing 241.01
Parabolic System 238.73
20 Day Moving Average 234.76
Price 232.14
Daily Stochastic Crossing 228.48
50 Day Moving Average 221.97
Lower Bollinger Band 217.66
Quarterly Trendline Support 201.77
Yearly Trendline Resistance 201.35
Yearly Trendline Support 199.45
Monthly Trendline Support 192.91
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Paper Packaging 78
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 218.53
Low Date 02/23/2026
High 234.27
High Date 02/26/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 249.51
High Date 02/12/2026
Low 218.53
Low Date 02/23/2026
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 258.10
Support 192.91
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 Valid
Resistance 263.50
Support 201.77
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 201.35
Support 199.45
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.