PARAMOUNT GROUP INC (PGRE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PGRE - US69924R1086 - REIT
Taking everything into account, PGRE scores 5 out of 10 in our technical rating. In the last year, PGRE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, PGRE does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 6.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.57, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
6.44
When analyzing the support we notice one important area.
- A support zone ranging from 6.51 to 6.57. 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 6.58 to 6.60. 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 | NEUTRAL | NEUTRAL | The short term trend for PGRE is neutral. |
| ChartMill Relative Strength | 76.61 | POSITIVE | PGRE has a high relative strength, it outperformed 76.61% 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) | 49.65 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 80 | NEUTRAL | The Stochastics value for PGRE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for PGRE suggests low volalility. |
| Average Directional Index/ADX (14) | 25.01 | POSITIVE | The high ADX value value for PGRE suggests a strong trend. |
6.57
-0.01 (-0.15%)
PARAMOUNT GROUP INC / PGRE FAQ
What is the technical rating for PGRE stock?
ChartMill assigns a technical rating of 5 / 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 49.6516. This indicates that the stock is currently neutral.
What are the support and resistance levels for PARAMOUNT GROUP INC (PGRE) stock?
PARAMOUNT GROUP INC (PGRE) has a support level at 6.57 and a resistance level at 6.58. Check the full technical report for our detailed analysis of PGRE support and resistance levels.