PARAGON OFFSHORE PLC (PGN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PGN - GB00BMTS0J78
We assign a technical rating of 0 out of 10 to PGN. PGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 98% of all other stocks performed better in the past year than PGN.
- PGN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month PGN has a been trading in the 0.15 - 0.23 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- PGN has an average volume of 1061860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of PGN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
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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 | DOWN | NEGATIVE | The long term trend for PGN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PGN is down. |
| ChartMill Relative Strength | 2.46 | NEGATIVE | PGN has a low relative strength, it was outperformed by 97.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.94 | OVERSOLD | The low RSI value suggests PGN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PGN has a negative trend. |
| Stochastics (14,3) | 8.33 | OVERSOLD | The low Stochastics value suggests PGN may be oversold. |
| Average True Range in percent/ATR (20) | 12 | HIGH VOLATILITY | The high ATR as a percentage value for PGN suggests high volalility. |
NYSE:PGN (12/17/2015, 8:19:26 PM)
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-0.02 (-11.76%)
PARAGON OFFSHORE PLC / PGN FAQ
What is the technical rating for PGN stock?
ChartMill assigns a technical rating of 0 / 10 to PGN.
Can you provide the trend direction for PARAGON OFFSHORE PLC?
The current trend direction for PARAGON OFFSHORE PLC (PGN) is Bearish.
What is the RSI signal for PARAGON OFFSHORE PLC (PGN) stock?
PARAGON OFFSHORE PLC (PGN) has an RSI value of 28.9432. This indicates that the stock is currently oversold.
What is the MACD signal for PARAGON OFFSHORE PLC (PGN) stock?
The MACD indicator for PARAGON OFFSHORE PLC (PGN) has a value of -0.00207867, indicating a bearish trend.
What is the short term momentum for PGN stock?
The short term momentum for PARAGON OFFSHORE PLC (PGN) is negative.