Tue 14'th Aug 2018
Packaging Corporation of America Stock Analysis
Technical stock analysis for Tue 14'th Aug 2018
|Shorts||1.90% ( 2018-07-31 )|
|Loans||2 633.4 mill|
Packaging Corporation of America gained 1.24% in the last trading day, rising from $110.06 to $111.42 The price has fallen in 6 of the last 10 days and is down by -1.31% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 101 456 more shares were traded than the day before. In total, 597 174 shares bought and sold for approximately $66.54 million.
Packaging Corporation of America lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.00% during the next 3 months and, with 90% probability hold a price between $96.61 and $105.20 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday August 13, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Packaging Corporation of America holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $113.01. On a fall, the stock will find some support from the short-term average at $111.06. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 38 and the stock is currently not being overbought or oversold
Support & Resistance
Packaging Corporation of America finds support from accumulated volume at $111.02.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.68 (1.52%) between high and low. For the last week, the stock has had a daily average volatility of 1.42%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Packaging Corporation of America holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.Click for Top 5 Sell Candidates
|PKG $111.42 $1.36(1.24%)|
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