PKG - How to Develop Trading Plans for Packaging Corp Of America and other Stocks
According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in Packaging Corp Of America (NYSE: PKG) to foretell upcoming changes. A current example is provided below. There are trading plans for PKG, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 132.87 | |||
| P2 | |||
| 136.80 | |||
| 135.83 | |||
| 140.34 | |||
| P3 | |||
| 141.40 | |||
| 140.06 | |||
| 148.73 |
Long Term Trading Plans for PKG
March 10, 2021, 11:00 am ET
The Technical Summary and Trading Plans for PKG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PKG Report.
PKG - (Long) Support Plan
The technical summary data tells us to buy PKG near 140.34 with an upside target of 148.73. This data also tells us to set a stop loss @ 139.93 to protect against excessive loss in case the stock begins to move against the trade. 140.34 is the first level of support below 141.43 , and by rule, any test of support is a buy signal. In this case, support 140.34 is being tested, a buy signal would exist.
PKG - (Short) Resistance Plan
The technical summary data is suggesting a short of PKG as it gets near 148.73 with a downside target of 140.34. We should have a stop loss in place at 149.16though. 148.73 is the first level of resistance above 141.43, and by rule, any test of resistance is a short signal. In this case, if resistance 148.73 is being tested, a short signal would exist.