How to Take Advantage of moves in (PKG)

February 06, 2024, 19:34 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PKG

• Buy PKG slightly over 155.22 target 164.85 stop loss @ 154.77 Details

The technical summary data tells us to buy PKG near 155.22 with an upside target of 164.85. This data also tells us to set a stop loss @ 154.77 to protect against excessive loss in case the stock begins to move against the trade. 155.22 is the first level of support below 163.03 , and by rule, any test of support is a buy signal. In this case, support 155.22 would be being tested, so a buy signal would exist.

• Short PKG slightly under 164.85, target 155.22, stop loss @ 165.33 Details

The technical summary data is suggesting a short of PKG as it gets near 164.85 with a downside target of 155.22. We should have a stop loss in place at 165.33though. 164.85 is the first level of resistance above 163.03, and by rule, any test of resistance is a short signal. In this case, if resistance 164.85 is being tested, so a short signal would exist.

Swing Trading Plans for PKG

• Buy PKG slightly over 164.85, target 167.3, Stop Loss @ 164.37 Details

If 164.85 begins to break higher, the technical summary data tells us to buy PKG just slightly over 164.85, with an upside target of 167.3. The data also tells us to set a stop loss @ 164.37 in case the stock turns against the trade. 164.85 is the first level of resistance above 163.03, and by rule, any break above resistance is a buy signal. In this case, 164.85, 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 164.85, target 159.98, Stop Loss @ 165.33. Details

The technical summary data is suggesting a short of PKG if it tests 164.85 with a downside target of 159.98. We should have a stop loss in place at 165.33 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, 164.85, 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 164.85, target 167.3, Stop Loss @ 164.47 Details

If 164.85 begins to break higher, the technical summary data tells us to buy PKG just slightly over 164.85, with an upside target of 167.3. The data also tells us to set a stop loss @ 164.47 in case the stock turns against the trade. 164.85 is the first level of resistance above 163.03, and by rule, any break above resistance is a buy signal. In this case, 164.85, 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 164.85, target 162.47, Stop Loss @ 165.23. Details

The technical summary data is suggesting a short of PKG if it tests 164.85 with a downside target of 162.47. We should have a stop loss in place at 165.23 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, 164.85, 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 Corporation Of America (PKG) available here: PKG.

PKG Ratings for February 06:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	155.22
P2	159.28	159.98	164.85
P3	162.47	167.3	174.83

AI Generated Signals for PKG

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This Packaging Corporation Of America (NYSE: PKG) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PKG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PKG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PKG too.  All of these are offered below the Summary Table.