PGN Technical Analysis - PARAGON GMBH & CO KGAA

Technical Rating and Analysis

Overall PGN gets a technical rating of 9 out of 10. Both in the recent history as in the last year, PGN has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: PGN has an average volume of 3280 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

PGN is part of the Automobile Components industry. There are 29 other stocks in this industry. PGN outperforms 78% of them.

When comparing the yearly performance of all stocks, we notice that PGN is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.

PGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PGN is lagging the market.

In the last month PGN has a been trading in the 2.08 - 3.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PARAGON GMBH & CO KGAA / PGN Weekly stock chart

PARAGON GMBH & CO KGAA / PGN Daily stock chart

Setup Rating and Analysis

PGN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.12

2.69

4 important support areas can be observed.

Support @2.62 from a trend line in the daily time frame.
A support zone ranging from 2.41 to 2.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.24 from a trend line in the daily time frame.
Support @2.14 from a trend line in the weekly time frame.

We found 1 important resistance area.

Resistance @2.66 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for PGN.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PGN.DE is up.
ChartMill Relative Strength	82.64	POSITIVE	PGN.DE has a high relative strength, it outperformed 82.64% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PGN.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PGN.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PGN.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.4	NEUTRAL	The RSI value for PGN.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests PGN.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	53.53	NEUTRAL	The Stochastics value for PGN.DE is a neutral value.
Average True Range in percent/ATR (20)	7.51	HIGH VOLATILITY	The high ATR as a percentage value for PGN.DE suggests high volalility.
Average Directional Index/ADX (14)	20.86	NEUTRAL	The ADX value for PGN.DE suggests a possible start of a new trend.