What chart pattern is ChartPattern.io tracking on Packaging Corporation of America?
ChartPattern.io is currently tracking Double Bottom on Packaging Corporation of America in the Materials stock. Secondary context includes Falling Wedge.
Live Materials stock scanner page for Packaging Corporation of America. Review the double bottom setup, chart structure, and trade levels in one place.
Technical analysis of Packaging Corporation of America (PKG) reveals a significant setup. Currently at $232.41, the asset is showing upward momentum (2.26%). The primary technical feature is a Double Bottom formation. The trend indicator is reading 34.0/100, suggesting moderate momentum. A potential breakout level is identified at $259.98, targeting $294.64 with support near $242.65 (R:R 2.0).
PKG is part of the Materials stock on ChartPattern.io. The scanner currently highlights Double Bottom as the leading setup, with an entry near $259.98, a stop around $242.65, and a target near $294.64.
Double Bottom
58/100 CP Index
Entry $259.98 · Stop $242.65 · Target $294.64
The Double Bottom is just one piece of the puzzle. See the full technical breakdown.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
What is your outlook on PKG?
These answers make the page easier to scan for traders, search engines, and LLMs looking for quick context on PKG.
ChartPattern.io is currently tracking Double Bottom on Packaging Corporation of America in the Materials stock. Secondary context includes Falling Wedge.
The current trade plan points to an entry near $259.98, a stop near $242.65, and a target near $294.64.
Packaging Corporation of America currently leans neutral. The page is showing a CP Index of 58/100, which helps summarize the current technical setup.