PARAMOUNT RESOURCES LTD -A (POU.CA) Stock Technical Analysis
TSX:POU - Toronto Stock Exchange - CA6993202069 - Common Stock - Currency: CAD
We assign a technical rating of 4 out of 10 to POU. Recently some decent action could be observed, but in the medium term time frame this is still negative. POU was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, POU is a bad performer in the overall market: 76% of all stocks are doing better.
POU is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so POU is lagging the market.
In the last month POU has a been trading in the 16.00 - 20.10 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
POU is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, POU did better than 44% of them.
Considerably lower volume is observed in the last couple of days.
POU has an average technical rating and also the quality of the setup is only medium 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
14.95
33.12
When analyzing the support we can see 4 important areas.
- Support @19.86 from a trend line in the daily time frame.
- A support zone ranging from 18.97 to 19.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.55 from a trend line in the daily time frame.
- Support @15.10 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 19.94 to 19.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 31.69 to 31.77. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @32.79 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for POU.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for POU.CA is up. |
| ChartMill Relative Strength | 24.34 | NEGATIVE | POU.CA has a low relative strength, it was outperformed by 75.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of POU.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of POU.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of POU.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.5 | NEUTRAL | The RSI value for POU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests POU.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.5 | NEUTRAL | The Stochastics value for POU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for POU.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.64 | POSITIVE | The high ADX value value for POU.CA 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)
TSX:POU (6/6/2025, 7:00:00 PM)
19.93
+0.34 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.74%
1 Week4.62%
2 Weeks4.4%
1 Month23.56%
3 Month25.98%
6 Month-34.03%
12 Month-36.47%
2 Year-30.8%
3 Year-35.17%
5 Year1153.46%
10 Year-30.56%
15 Year7.27%
Volatility
ATR(14)0.4
ATR(20)%2.49%
ATR Inc-6.27%
Range Today0.43
ADR(20)0.46
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.34
Mansfield-2.54
10 Day High20.1
10 Day Low18.92
20 Day High20.1
20 Day Low16
52 Week High32.89
52 Week Low14.33
CS1 End19.86
CR1 Start19.94
Volume & EV
DER(3)-2.13%
DER(5)-3.83%
Volume289.13K
Volume Incr-37.18%
Vol(5)334.70K
Vol(50)579.33K