Paramount Group Inc (PGRE) Stock Technical Analysis
NYSE:PGRE • US69924R1086
We assign a technical rating of 7 out of 10 to PGRE. PGRE has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- Both the short term and long term trends are positive. This is a very positive sign.
- PGRE is part of the Diversified REITs industry. There are 123 other stocks in this industry. PGRE outperforms 90% of them.
- PGRE has an average volume of 2174600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that PGRE is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- PGRE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PGRE is lagging the market.
- In the last month PGRE has a been trading in a tight range between 6.55 and 6.64.
- Volume is considerably higher in the last couple of days.
PGRE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 6.59, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PGRE in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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6.44
When analyzing the support we notice one important area.
- A support zone ranging from 6.51 to 6.59. 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 2 important areas.
- A resistance zone ranging from 6.60 to 6.62. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 7.56 to 7.56. 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 | UP | POSITIVE | The short term trend for PGRE is up. |
| ChartMill Relative Strength | 82.73 | POSITIVE | PGRE has a high relative strength, it outperformed 82.73% 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) | UP | POSITIVE | The current price of PGRE is above the rising 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) | 57.7 | NEUTRAL | The RSI value for PGRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PGRE has a positive trend. |
| Stochastics (14,3) | 41.67 | NEUTRAL | The Stochastics value for PGRE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for PGRE suggests low volalility. |
| Average Directional Index/ADX (14) | 27.34 | POSITIVE | The high ADX value value for PGRE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.63 | 6.55 | 0.08 (1.21%) | 25.00% |
| An entry @6.63. This is a Buy Stop order right above the resistance zone. | An exit @6.55. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 1.21%. | For a 0.30% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.6
+0.01 (+0.15%)
Paramount Group Inc / PGRE FAQ
What is the technical rating for PGRE stock?
ChartMill assigns a technical rating of 7 / 10 to PGRE.
Can you provide the trend direction for Paramount Group Inc?
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 57.6951. This indicates that the stock is currently neutral.
What is the MACD signal for PGRE stock?
The MACD indicator for Paramount Group Inc (PGRE) has a value of 0.00131428, indicating a bearish trend.
What is the support and resistance level for PGRE stock?
Paramount Group Inc (PGRE) has a support level at 6.59 and a resistance level at 6.6. Check the full technical report for our detailed analysis of PGRE support and resistance levels.