Packaging Corp of America Technical Analysis (NYSE:PKG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Packaging Corp of America stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the PKG stock chart which creates a trading signal.
See Packaging Corp of America bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Packaging Corp of America stock analysis.
Packaging Corp of America Moving Average
Moving averages show the average price of PKG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Packaging Corp of America are mostly signals of long term trends and will help long term traders.
Packaging Corp of America Bollinger Bands
Bollinger bands comprise of a center line usually PKG SMA, and two PKG stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Packaging Corp of America bollinger bands.
Packaging Corp of America Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Packaging Corp of America MACD line is below the signal line.
Packaging Corp of America Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 53.1 is the RSI value of PKG stock.