Packaging Corp Of America | PKG

Daily Technical Analysis of Packaging Corp Of America

Packagingof America is down a bit on the day, funds flowing out kept the price down -1.54% since yesterday.

Currently PKG isn't at a clear support/resistance line that seems tradable. But let's also consider momentum! Packagingof America has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the Packaging & Containers company has grown 29.65 percent which isn't too bad. PKG might find some support at the 142.24 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-03-17

Analyst Ratings for Packagingof America By Price Target And Rating

The analysts feel fairly neutral on the prospects for Packagingof America but a little more positive than negative. The current Analysts Sentiment Score is 25.48. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Bank of America announced an upgrade on 2024-03-04 from Neutral to Buy and moved up their price target to $202.00 which is a 17.44% increase. Seaport Res Ptn downgraded from Buy to Neutral on 2024-01-29. Truist Financial decided to move up their price target on 2024-01-04 to $187.00 which is a 10% increase. Wells Fargo & Company boosted their price targ by 17.69% to $173.00 on 2023-11-30. On 2023-10-25 Citigroup increased their price target by 5.33% to $158.00. On 2023-10-18 Jefferies Financial Group lowered their price target by -1.41% to $140.00. On 2023-06-30 UBS Group lowered their price target by -3.65% to $132.00. 22nd Century Group reiterated a rating of Maintains on 2023-04-26. VNET Group reiterated a rating of Maintains on 2023-04-26.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
PKG	25.48	55.94	-37.85	33.47	-0.6

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-03-21)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
PKG	0.00	0.00

Short interest for Packagingof America

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
PKG	2.68	%2.1	3.1	4.884	1810000

How Packagingof America compares to the broader Consumer Cyclical sector and the more specific Packaging & Containers industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Packaging & Containers Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	14	-0.92	-0.70	-8.11	2.25	16.59	5.98	51.14	19.16	21.11	17.04	-7327.58	-11755.07	7.14	0.00	3.71	22.13
Consumer Cyclical Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	300	-1.06	1.40	-8.33	-0.84	16.88	16.87	46.17	34.12	18.11	20.71	-11925.91	-14791.47	9.58	10.75	5.99	32.57

Social Sentiment for Packagingof America

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
PKG

Companies with the highest correlation to Packagingof America

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
WRK \| WestRock Company	1.17	-1.41	-2.46	-5.34	16.27	35.17	60.91	91	50.96	97.13	86.04	0.00	-34227.11	0	2.34784
IP \| International Paper Co.	0.95	-2.64	-5.23	-14.10	-6.45	1.21	-3.01	60	3.04	6.13	4.39	-852.69	-7215.29	100	3.27401
SON \| Sonoco Products Company	0.84	-0.76	-1.63	-2.87	-1.27	11.31	-5.55	53	2.91	1.93	1.40	-183.19	-4438.62	0	1.3801
GPK \| Graphic Packaging Holding	0.71	-0.40	-0.18	-6.44	7.02	32.27	14.18	75	59.61	16.67	14.20	0.00	-24307.13	0	2.84076
GEF \| Greif, Inc.	0.62	-1.30	0.29	-10.88	-1.71	-1.90	0.59	48	-4.81	-6.78	-4.60	-10129.40	-4892.17	0	4.67146
MTX \| Minerals Technologies Inc	0.59	-1.28	-0.60	-5.45	8.92	40.67	27.18	49	141.94	42.31	36.81	-1921.65	169.26	0	1.10209
MDU \| MDU Resources Group, Inc.	0.59	0.45	3.29	-1.59	27.11	32.90	-13.38	61	-2.72	-2.83	-6.04	-534.38	-9386.21	150	0.802495
SLGN \| Silgan Holdings Inc	0.59	-0.63	-0.80	-3.17	2.35	21.06	-3.11	61	-0.50	-0.32	-3.54	-1161.19	-4696.48	0	2.96663

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