PARAMOUNT GOLD NEVADA CORP (PZG) Stock Technical Analysis
NYSEARCA:PZG - NYSE Arca - US69924M1099 - Common Stock - Currency: USD
Taking everything into account, PZG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, PZG has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
PZG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PZG is performing more or less in line with the market.
In the last month PZG has a been trading in the 0.38 - 0.52 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, PZG did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
PZG is part of the Metals & Mining industry. There are 154 other stocks in this industry, PZG did better than 67% of them.
Although PZG has an excellent technical rating, it does not offer a high 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.
More info and screens
0.33
0.53
8 important support areas can be observed.
- A support zone ranging from 0.47 to 0.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.43 from a horizontal line in the daily time frame.
- Support @0.38 from a trend line in the daily time frame.
- Support @0.37 from a trend line in the weekly time frame.
- Support @0.36 from a horizontal line in the daily time frame.
- Support @0.35 from a horizontal line in the daily time frame.
- Support @0.34 from a trend line in the weekly time frame.
- Support @0.33 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @0.52 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 | 88.84 | POSITIVE | PZG has a high relative strength, it outperformed 88.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PZG is above 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) | 58.58 | NEUTRAL | The RSI value for PZG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PZG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.2 | 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) | 34.43 | 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)
0.4821
-0.01 (-2.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.82%
1 Week8.05%
2 Weeks2.68%
1 Month20.74%
3 Month35.92%
6 Month20.22%
12 Month1.49%
2 Year75.25%
3 Year-5.47%
5 Year-56.96%
10 Year-69.87%
15 Year-68.9%
Volatility
ATR(14)0.03
ATR(20)%6.03%
ATR Inc-30.33%
Range Today0.02
ADR(20)0.03
ADR(20)%5.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.84
Mansfield1.43
10 Day High0.52
10 Day Low0.43
20 Day High0.52
20 Day Low0.38
52 Week High0.55
52 Week Low0.31
CS1 End0.47
CR1 Start0.52
Volume & EV
DER(3)-13.2%
DER(5)-2.7%
Volume234.80K
Volume Incr20.68%
Vol(5)323.92K
Vol(50)330.32K