Paramount Group Inc (PGRE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PGRE - US69924R1086 - REIT
Overall PGRE gets a technical rating of 7 out of 10. In the last year, PGRE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, PGRE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
More info and screens
6.44
We found 1 important support 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 | 83.18 | POSITIVE | PGRE has a high relative strength, it outperformed 83.18% 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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
- 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.
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 57.6951. 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 buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Paramount Group Inc?
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.