Packaging Corp of America

PKG’s price structure exhibits a decisive support failure with active lower highs and lower lows, trading below the 9-, 20-, and 50-day EMAs. The medium-term bias is bearish as supply dominates demand, and short-term conditions remain unfavorable. Sell now into rallies toward the declining EMAs or the 50-day SMA, targeting rejection at these levels to align with the downward continuation.

• ↑Q2 2026 net sales rose 14% YoY to $2.5B on strong corrugated demand.
• ↑EBITDA improved to $486M, a 22% margin, reflecting tight cost control.
• ↓Q2 net income fell to $192M ($2.15/share) from $224M ($2.48/share).