When Packaging Corp Of America ($PKG) Moves Investors should Listen
October 19, 2023, 02:30 am ET, BY James G.- Contributor| 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 153.05 , 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 153.05, 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 154.55, target 156.72, Stop Loss @ 154.1 Details
If 154.55 begins to break higher, the technical summary data tells us to buy PKG just slightly over 154.55, with an upside target of 156.72. The data also tells us to set a stop loss @ 154.1 in case the stock turns against the trade. 154.55 is the first level of resistance above 153.05, and by rule, any break above resistance is a buy signal. In this case, 154.55, 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 154.55, target 151.87, Stop Loss @ 155. Details
The technical summary data is suggesting a short of PKG if it tests 154.55 with a downside target of 151.87. We should have a stop loss in place at 155 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, 154.55, 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 153.42, target 154.55, Stop Loss @ 153.06 Details
If 153.42 begins to break higher, the technical summary data tells us to buy PKG just slightly over 153.42, with an upside target of 154.55. The data also tells us to set a stop loss @ 153.06 in case the stock turns against the trade. 153.42 is the first level of resistance above 153.05, and by rule, any break above resistance is a buy signal. In this case, 153.42, 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 153.42, target 151.87, Stop Loss @ 153.78. Details
The technical summary data is suggesting a short of PKG if it tests 153.42 with a downside target of 151.87. We should have a stop loss in place at 153.78 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, 153.42, 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 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
137.91 |
| P2 |
151.10 |
151.87 |
147.22 |
| P3 |
153.42 |
154.55 |
156.72 |
AI Generated Signals for PKG
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Packaging Corp Of America (NYSE: PKG) report below is a real world example. Included are trading plans for PKG, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PKG:
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