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Takip Edin: @UscMarketsPKG Stock Forecast & Packaging Corporation of Chart Analysis
This article provides a detailed analysis of PKG-Packaging Corporation of stock including a forecast for PKG shares. It features Packaging Corporation of America technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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PKG Historical Data Review
PKG Current Price Performance Analysis
The Packaging Corporation of - PKG stock traded on the American stock market, on 06-05-2024, closed at 182.72$ with a %0.38 increased compared to the previous day.
In the last month, the price of PKG changed by %3.73 increased in value, from 176.15 dollars on 05-06-2024 to 182.72 dollars, increased.
Last year, the price of PKG was 129.57 dollars on 06-06-2023, and changed by %41.02 increased in value, to 182.72 dollars increased within a year.
The price of Packaging Corporation of stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
PKG with AI Stock Forecast & Price Target
On the PKG chart Packaging Corporation of price was recorded as 182.72 Dollars on 06/05/2024.
The artificial intelligence's forecast on PKG stock is as follows.
The artificial intelligence's prediction error margin for PKG stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Packaging Corporation of stock over the next 4 months is: 181.6 Dollars.
The commentary on PKG stock Target Price: Highest: 202.543 Dollars is predicted.
The commentary on PKG stock Target Price: Lowest: 167.747 Dollars is predicted.
Resistance Price where Packaging Corporation of stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-25-2024 | 186.320 |
| 09-23-2024 | 178.634 |
| 11-22-2024 | 168.904 |
| 01-21-2025 | 186.223 |
Support Price where Packaging Corporation of stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 177.073 |
| 08-29-2024 | 173.584 |
| 11-07-2024 | 167.747 |
| 11-27-2024 | 168.577 |
| 02-05-2025 | 185.175 |
The commentary on PKG stock: The target price can generally be said to be on the rise.
The commentary on PKG stock: Fluctuations in the target price can be expected in the coming days.
The target price for Packaging Corporation of stock by the end of 2024 is predicted to be 180.155 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on PKG stock, and the 2024 target price predictions for Packaging Corporation of are detailed above.
The technical analysis and charts for the commentary on PKG stock are below.
PKG Support & Resistance and Trend Analysis
PKG stock you have reviewed the technical analysis support resistance charts regarding.
PKG : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the PKG review, the Packaging Corporation of support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Packaging Corporation of Support and Resistance Prices:
| PKG Support Level Price | PKG Resistance Level Price |
|---|---|
| 148.50 | 159.25 |
| 159.57 | 168.11 |
| 160.23 | 168.57 |
| 160.68 | 169.01 |
| 161.93 | 171.61 |
| 162.32 | 176.97 |
| 169.00 | 184.23 |
| 178.18 | 188.61 |
| 180.54 | 191.27 |
PKG Technical Analysis: SMA, RSI, MACD
Upon reviewing the PKG chart, buy and sell signals have been generated in the Packaging Corporation of technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for PKG stock are as follows:- The technical analysis for PKG indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for PKG indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Packaging Corporation of issued a 'Buy' signal when the MACD was at -1.848, with the current MACD value being: 0.746
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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