- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Packaging Corporation of America produces and sells containerboard and corrugated packaging in the U.S. It operates in three segments: Packaging, Paper, and Corporate and Other. The Packaging segment provides a range of products, including shipping containers, multi-color boxes for retail, and honeycomb protective packaging for various goods like meat and beverages. Sales are made through direct marketing, brokers, and distribution partners. The Paper segment focuses on commodity and specialty papers, including office and printing papers, sold via its marketing team. The Corporate and Other segment covers corporate services and transportation assets like rail cars and trucks. Founded in 1867, the company is based in Lake Forest, Illinois.
PKG —  NYSE —
Current RSI of this stock is 71.16, which indicates the strength of buyers.
MACD line has crossed the signal line from the below, generates bullish signal.
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
Based on our stock trading advice in Saudi Arabia, Packaging Corporation stock price target will be USD 250 - USD 253 in the next 12-14 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
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