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Archive
- 9/4/2026 -
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Packaging Corporation of America (PKG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Packaging Corporation of America (PKG). During the week, the PKG dropped -3.14 points, or -1.31%, and closed at 237.25 on Friday, September 4, 2026. Weekly volume was -26% below 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 259.98 on August 13, 2026. PKG gained -87.28 points, or -50.54%, in 70 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 215.23 and resistance is at 286.94. 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 259.98 on August 13, 2026. PKG gained -58.73 points, or -29.18%, in 20 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See PKG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since June 5, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 August 13, 2026 at 259.98 and reached 227.65 on September 2, 2026. PKG lost 32.33 points, or 12.44%, in 20 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 223.26 and resistance is at 249.96. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See PKG daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since August 14, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
A Parabolic SAR (stop and reversal) indicator (238.21) comes close to the price (237.25). It indicates that the trend is getting weaker. 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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