PARAMOUNT GROUP INC (PGRE) Stock Technical Analysis
USA - NYSE:PGRE - US69924R1086 - REIT
Overall PGRE gets a technical rating of 3 out of 10. PGRE has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
PGRE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.56, a Stop Loss order could be placed below this zone.
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6.44
When analyzing the support we notice one important area.
- A support zone ranging from 6.51 to 6.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.57 to 6.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PGRE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PGRE is down. |
| ChartMill Relative Strength | 78.71 | POSITIVE | PGRE has a high relative strength, it outperformed 78.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PGRE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PGRE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PGRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.9 | NEUTRAL | The RSI value for PGRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PGRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.44 | NEUTRAL | The Stochastics value for PGRE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for PGRE suggests low volalility. |
| Average Directional Index/ADX (14) | 13.57 | NEGATIVE | The low ADX value for PGRE suggests a weak or negative trend. |
6.56
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PARAMOUNT GROUP INC / PGRE FAQ
What is the technical rating for PGRE stock?
ChartMill assigns a technical rating of 3 / 10 to PGRE.
What is the trend direction for PGRE stock?
The current trend direction for PARAMOUNT GROUP INC (PGRE) is Bullish.
Can you provide the RSI signal for PARAMOUNT GROUP INC?
PARAMOUNT GROUP INC (PGRE) has an RSI value of 48.8977. This indicates that the stock is currently neutral.
What is the buy/sell signal for PARAMOUNT GROUP INC (PGRE) stock?
The buy/sell signal for PARAMOUNT GROUP INC (PGRE) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for PARAMOUNT GROUP INC?
PARAMOUNT GROUP INC (PGRE) has a support level at 6.56 and a resistance level at 6.57. Check the full technical report for our detailed analysis of PGRE support and resistance levels.