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Archive
- 7/17/2026 -
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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 first positive week for the Packaging Corporation of America (PKG). During the week, the PKG gained 4.30 points, or 1.88%, and closed at 233.07 on Friday, July 17, 2026. Weekly volume was -37% 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 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 211.01 and resistance is at 277.65. 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 243.50 on June 25, 2026. PKG gained -42.25 points, or -20.99%, in 13 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 204.57 and resistance is at 248.90. 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. 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. 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 July 9, 2026 at 222.89 and reached 237.72 on July 17, 2026. PKG gained -14.83 points, or -6.65%, in 8 days. The price is now at the 31.36% 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 July 6, 2026. The distance between MACD and the signal line is low and getting smaller.
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.
During the last week, the price has moved above 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.
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