PARAMOUNT GOLD NEVADA CORP (PZG) Stock Technical Analysis
NYSEARCA:PZG - NYSE Arca - US69924M1099 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to PZG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PZG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
PZG is part of the Metals & Mining industry. There are 157 other stocks in this industry. PZG outperforms 77% of them.
PZG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PZG is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that PZG is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month PZG has a been trading in the 0.56 - 0.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, PZG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for PZG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.33
0.67
We found 4 important support areas.
- A support zone ranging from 0.65 to 0.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.38 from a trend line in the weekly time frame.
- A support zone ranging from 0.35 to 0.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @0.33 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 | UP | POSITIVE | The long term trend for PZG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PZG is up. |
| ChartMill Relative Strength | 92.73 | POSITIVE | PZG has a high relative strength, it outperformed 92.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PZG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PZG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PZG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.59 | NEUTRAL | The RSI value for PZG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PZG has a negative trend. |
| Stochastics (14,3) | 14.44 | OVERSOLD | The low Stochastics value suggests PZG may be oversold. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for PZG suggests high volalility. |
| Average Directional Index/ADX (14) | 32.33 | POSITIVE | The high ADX value value for PZG 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)
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 |
|---|---|---|---|
| 0.69 | 0.64 | 0.05 (6.61%) | 15.12% |
| An entry @0.69. This is a Buy Stop order right above the 10 day moving average. | An exit @0.64. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.05 points, which is 6.61%. | When investing 15.12% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of PZG. Please evaluate whether better entry and exit points can be found.
- 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.
0.6642
-0.01 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.91%
1 Week-1.42%
2 Weeks-3.84%
1 Month7.6%
3 Month58.75%
6 Month66.01%
12 Month52.69%
2 Year116.21%
3 Year52.65%
5 Year-50.43%
10 Year-55.42%
15 Year-52.89%
Volatility
ATR(14)0.04
ATR(20)%6.1%
ATR Inc-68.74%
Range Today0.01
ADR(20)0.04
ADR(20)%5.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.73
Mansfield3.73
10 Day High0.72
10 Day Low0.65
20 Day High0.78
20 Day Low0.56
52 Week High0.78
52 Week Low0.31
CS1 End0.65
CR1 StartN/A
Volume & EV
DER(3)3.41%
DER(5)1.79%
Volume215.90K
Volume Incr-34.61%
Vol(5)225.60K
Vol(50)349.06K