Taking everything into account, PZG scores 7 out of 10 in our technical rating. In the last year, PZG was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, PZG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.15, a Stop Loss order could be placed below this zone.
More info and screens
0.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.11 to 1.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.00 from a horizontal line in the daily time frame.
- Support @0.94 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.20 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for PZG is neutral. |
| ChartMill Relative Strength | 98.09 | POSITIVE | PZG has a high relative strength, it outperformed 98.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PZG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PZG is above a declining 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) | 53.84 | NEUTRAL | The RSI value for PZG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PZG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.84 | NEUTRAL | The Stochastics value for PZG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for PZG suggests high volalility. |
| Average Directional Index/ADX (14) | 10.44 | NEGATIVE | The low ADX value for PZG suggests a weak or negative 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 |
|---|---|---|---|
| 1.21 | 1.12 | 0.09 (7.85%) | 12.74% |
| An entry @1.21. This is a Buy Stop order right above the resistance zone. | An exit @1.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 7.85%. | For a 1.00% total portfolio risk, you can invest 12.74% of your capital in this trade. |
- 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.
1.19
+0.05 (+4.39%)
PARAMOUNT GOLD NEVADA CORP / PZG FAQ
Can you provide the ChartMill technical rating for PARAMOUNT GOLD NEVADA CORP?
ChartMill assigns a technical rating of 7 / 10 to PZG.
What is the current trend direction of PARAMOUNT GOLD NEVADA CORP (PZG) stock?
The current trend direction for PARAMOUNT GOLD NEVADA CORP (PZG) is Bullish.
Can you provide the RSI signal for PARAMOUNT GOLD NEVADA CORP?
PARAMOUNT GOLD NEVADA CORP (PZG) has an RSI value of 53.8394. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PARAMOUNT GOLD NEVADA CORP?
The MACD indicator for PARAMOUNT GOLD NEVADA CORP (PZG) has a value of -0.00326398, indicating a bearish trend.