PARAMOUNT GOLD NEVADA CORP (PZG)       0.5  -0.02 (-2.91%)

0.5  -0.02 (-2.91%)

US69924M1099 - Common Stock - After market: 0.52 +0.02 (+4%)

Technical Rating

Overall PZG gets a technical rating of 0 out of 10. PZG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



PZG has an average volume of 2748790. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, PZG is a bad performer in the overall market: 82% of all stocks are doing better.
PZG is part of the Metals & Mining industry. There are 1003 other stocks in this industry, of which 70% are performing better than PZG.
PZG is currently trading near the lower end of its 52 week range, which is not a good sign. But, the S&P500 Index is also trading in the lower part of its yearly range, so PZG is not an exception.
In the last month PZG has a been trading in the 0.48 - 0.70 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -26.94% -21.88% -37.97% -53.27% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 18.41 0.48 - 1.1
PZG Weekly chart
PZG Daily chart

Support/Resistance Analysis


0.50

0.89
When analyzing the resistance we notice 4 important areas.
  • Resistance @0.56 from a trend line in the daily time frame.
  • A resistance zone ranging from 0.80 to 0.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 0.83 to 0.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @0.88 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

The technical rating of PZG is bad and it also does not present a quality setup 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.


PZG Daily chart

PARAMOUNT GOLD NEVADA CORP0.5

NYSEARCA:PZG (5/16/2022, 5:30:00 PM)-0.02 (-2.91%)

After market: 0.52 +0.02 (+4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Metals & Mining
Performance
Today -2.91% 1 Week -7.58%
2 Weeks -13.19% 1 Month -26.94%
3 Month -21.87% 6 Month -37.97%
Volatility
ATR(14) 0.04 ATR(20)% 8.59%
ATR Inc -10.49% Range Today 0.03
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 18.41 Mansfield -2.98
10 Day High 0.63 10 Day Low 0.48
20 Day High 0.7 20 Day Low 0.48
52 Week High 1.1 52 Week Low 0.48
CS1 End N/A CR1 Start 0.56
Volume & EV
DER(3) -13.41% DER(5) -6.74%
Volume 138.66K Volume Incr -32.8%
Vol(5) 181.37K Vol(50) 2.75M

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