PARAMOUNT GROUP INC (PGRE) Stock Technical Analysis
NYSE:PGRE - New York Stock Exchange, Inc. - US69924R1086 - REIT - Currency: USD
Overall PGRE gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PGRE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
PGRE is part of the Diversified REITs industry. There are 129 other stocks in this industry. PGRE outperforms 94% of them.
PGRE is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PGRE is leading the market.
In the last month PGRE has a been trading in the 4.09 - 5.87 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
PGRE has an average volume of 2809990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PGRE did better than 92% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PGRE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.62
5.88
When analyzing the support we notice one important area.
- A support zone ranging from 4.67 to 4.69. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 92.41 | POSITIVE | PGRE has a high relative strength, it outperformed 92.41% 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) | 81.13 | OVERBOUGHT | The high RSI value suggests PGRE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests PGRE has a positive trend. |
| Stochastics (14,3) | 97.27 | OVERBOUGHT | The high Stochastics value suggests PGRE may be overbought. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for PGRE suggests some volalility. |
| Average Directional Index/ADX (14) | 34.1 | POSITIVE | The high ADX value value for PGRE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.82
+0.09 (+1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg1.57%
1 Week21.76%
2 Weeks27.91%
1 Month32.57%
3 Month28.76%
6 Month22.53%
12 Month30.2%
2 Year34.1%
3 Year-35.76%
5 Year-24.51%
10 Year-68.27%
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%3.83%
ATR Inc-20.34%
Range Today0.2
ADR(20)0.2
ADR(20)%3.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.41
Mansfield2.04
10 Day High5.87
10 Day Low4.48
20 Day High5.87
20 Day Low4.1
52 Week High5.87
52 Week Low3.75
CS1 End4.69
CR1 StartN/A
Volume & EV
DER(3)1.74%
DER(5)1.59%
Volume3.31M
Volume Incr257.37%
Vol(5)7.05M
Vol(50)2.81M