Stronger Sell Today PKG ranks #1680 as SELL CANDIDATE. Weaker Sell
Today PKG ranks #1680 as SELL CANDIDATE.

PKG stock Packaging Corporation of America

PKG stock
Packaging Corporation of America

Tue 11'th Dec 2018

PERIOD 2018-09-12 - 2018-12-11
CHANGE 0.69%
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell
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Packaging Corporation of America Stock Analysis

Technical stock analysis for Tue 11'th Dec 2018

Sell candidate since 2018-12-04 Loss -2.95%
Shorts 1.01% ( 2018-11-15 )
Cash n/a
Loans n/a
Beta 1.83
ROA 12.77

Packaging Corporation of America gained 0.69% in the last trading day, rising from $92.50 to $93.14 The price has fallen in 6 of the last 10 days and is down by -3.75% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.48 million more shares were traded than the day before. In total, 1.00 million shares bought and sold for approximately $93.32 million.

Trend

Packaging Corporation of America lies in the middle of a very wide and 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 -16.66% during the next 3 months and, with 90% probability hold a price between $61.15 and $83.41 at the end of this period.

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Signals

There are mixed signals in the stock today. Packaging Corporation of America holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $95.11 and $94.30. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday December 10, 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.

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Relative Strength Index (RSI)

RSI14 is 36 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Packaging Corporation of America finds support from accumulated volume at $89.02.

Support: $89.02 Price: $93.14 Resistance: $94.90

Risk

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 $1.82 (1.95%) between high and low. For the last week, the stock has had a daily average volatility of 3.10%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Stronger Sell Today PKG ranks #1680 as SELL CANDIDATE. Weaker Sell
Today PKG ranks #1680 as SELL CANDIDATE.