Packaging of America (PKG) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for PKG · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$255.48last close · Aug 4, 202652-week range $191.13 – $258.81 · 1.29% below the high
Symmetrical Triangle · playing out now

PKG just broke higher out of a symmetrical triangle — a brief, tidy pause inside a strong run. That's usually a breather before another push up.

On this chart, setups like it have followed through about 57% of the time.

As long as price stays above $222.7, the setup is intact — a daily close back below there is the cue to step away.

A natural first target sits near $256.2 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.

PKG Triangle Pattern

PKG is currently forming a triangle on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$256.22Projected move+10.2%Breakout level$233.70

New to this pattern? What a triangle is and how to trade it →

How Triangles Have Performed

Win rate
52.4%
Avg return
+0.36R
Backtested trades
13,619
PKG win rate
60.7%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

PKG Pattern Trade History

Every completed pattern trade our nightly backtest found on PKG's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
TriangleMar 11, 2026 @ $220.35Jun 22, 2026 @ $234.03Loss-1.02R
TriangleDec 11, 2025 @ $204.29Jan 22, 2026 @ $218.76Win+1.28R
Rising WedgeOct 23, 2024 @ $225.57Nov 14, 2024 @ $235.60Win+1.11R
Rising WedgeSep 5, 2024 @ $204.59Sep 13, 2024 @ $210.27Loss-1.03R
Rising WedgeApr 2, 2024 @ $188.11Apr 8, 2024 @ $190.71Loss-1.04R
Rising WedgeNov 29, 2023 @ $160.55Dec 8, 2023 @ $163.88Win+0.28R
Bullish PennantNov 2, 2023 @ $155.52Dec 8, 2023 @ $163.88Win+0.71R
TriangleSep 14, 2023 @ $149.34Oct 6, 2023 @ $151.54Win+0.41R
TriangleJul 12, 2023 @ $133.85Aug 7, 2023 @ $153.05Win+3.12R
Falling WedgeMay 31, 2023 @ $124.31Jul 21, 2023 @ $137.35Loss-1.04R
Rising WedgeMay 12, 2023 @ $131.63Jul 21, 2023 @ $137.35Loss-1.09R
TriangleMar 7, 2023 @ $137.46Apr 11, 2023 @ $143.24Loss-1.06R

PKG Support and Resistance Levels

Price is being turned away at a ceiling near $260.42 and starting to slide. On the weekly chart, the next floor below sits near $225.92 — about 12% away.

  • Traders commonly watch $225.92 as a target (its 38.2% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $260.42 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $248.11, resistance near $338.03. These are chart/swing-derived levels, not formula pivots.

Resistance
$338.03$450.75
Support
$248.11$227.42$216.53

PKG Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$251.07$255.73$249.13$255.48
Aug 3, 2026$249.94$252.22$245.68$251.09
Jul 31, 2026$248.00$248.00$243.26$245.84
Jul 30, 2026$249.05$253.72$245.30$248.63
Jul 29, 2026$249.49$252.67$246.60$249.43
Jul 28, 2026$256.85$258.81$251.49$253.24
Jul 27, 2026$255.53$256.44$250.29$252.37
Jul 24, 2026$233.77$254.49$233.77$254.39
Jul 23, 2026$231.00$234.52$226.15$233.90
Jul 22, 2026$228.01$233.14$222.74$228.19

PKG Frequently Asked Questions

What chart pattern is PKG forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a triangle on Packaging Of America (PKG) on the daily chart, with a measured-move target of $256.22.
Is a triangle bullish or bearish?
The triangle detected on PKG is a bullish pattern, projecting a measured-move target of $256.22. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a triangle pattern, and what is its win rate?
Across TradingPal's backtest of the triangle family (13,619 trades over 631 symbols), it resolved in the expected direction 52.4% of the time with an average of +0.36R. These are historical statistics, not a prediction.
What are the support and resistance levels for PKG?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), PKG's nearest support is around $248.11 and nearest resistance around $338.03.
What is the price target if PKG's pattern breaks out?
The detected triangle has a geometry-based measured-move target of $256.22 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was PKG's closing price on Aug 4, 2026?
Packaging Of America (PKG) last closed at $255.48 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.