When the Price of Packaging Corp Of America $PKG Talks, People Listen

October 28, 2023, 14:00 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PKG

• Buy PKG slightly over 147.22 target 156.72 stop loss @ 146.79 Details

The technical summary data tells us to buy PKG near 147.22 with an upside target of 156.72. This data also tells us to set a stop loss @ 146.79 to protect against excessive loss in case the stock begins to move against the trade. 147.22 is the first level of support below 150.18 , and by rule, any test of support is a buy signal. In this case, support 147.22 is being tested, a buy signal would exist.

• Short PKG slightly under 156.72, target 147.22, stop loss @ 157.17 Details

The technical summary data is suggesting a short of PKG as it gets near 156.72 with a downside target of 147.22. We should have a stop loss in place at 157.17though. 156.72 is the first level of resistance above 150.18, and by rule, any test of resistance is a short signal. In this case, if resistance 156.72 is being tested, a short signal would exist.

Swing Trading Plans for PKG

• Buy PKG slightly over 150.47, target 156.72, Stop Loss @ 150.04 Details

If 150.47 begins to break higher, the technical summary data tells us to buy PKG just slightly over 150.47, with an upside target of 156.72. The data also tells us to set a stop loss @ 150.04 in case the stock turns against the trade. 150.47 is the first level of resistance above 150.18, and by rule, any break above resistance is a buy signal. In this case, 150.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PKG slightly near 150.47, target 147.22, Stop Loss @ 150.9. Details

The technical summary data is suggesting a short of PKG if it tests 150.47 with a downside target of 147.22. We should have a stop loss in place at 150.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 150.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PKG

• Buy PKG slightly over 150.47, target 152.47, Stop Loss @ 150.12 Details

If 150.47 begins to break higher, the technical summary data tells us to buy PKG just slightly over 150.47, with an upside target of 152.47. The data also tells us to set a stop loss @ 150.12 in case the stock turns against the trade. 150.47 is the first level of resistance above 150.18, and by rule, any break above resistance is a buy signal. In this case, 150.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PKG slightly near 150.47, target 147.22, Stop Loss @ 150.82. Details

The technical summary data is suggesting a short of PKG if it tests 150.47 with a downside target of 147.22. We should have a stop loss in place at 150.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 150.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Packaging Corp Of America (PKG) available here: PKG.

PKG Ratings for October 28:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	137.91
P2	146.71	144.83	147.22
P3	152.47	150.47	156.72

AI Generated Signals for PKG

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Packaging Corp Of America (NYSE: PKG) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for PKG can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.