PARAMOUNT GOLD NEVADA CORP (PZG) Technical Analysis
NYSEARCA:PZG • US69924M1099
Current stock price
PZG Technical Rating and Analysis
Overall PZG gets a technical rating of 6 out of 10. In the last year, PZG was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- Looking at the yearly performance, PZG did better than 97% of all other stocks. We also observe that the gains produced by PZG over the past year are nicely spread over this period.
- PZG is part of the Metals & Mining industry. There are 163 other stocks in this industry. PZG outperforms 93% of them.
- PZG has an average volume of 1127740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- PZG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PZG is lagging the market.
- In the last month PZG has a been trading in the 1.50 - 1.88 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.
PZG Weekly and Daily overview Charts
PZG Setup Rating and Analysis
PZG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.67, a Stop Loss order could be placed below this zone.
More info and screens
PZG Support and Resistance Analysis
1.44
We found 3 important support areas.
- A support zone ranging from 1.65 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.50 to 1.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.45 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.80 to 1.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
PZG Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for PZG is down. |
| ChartMill Relative Strength | 97.73 | POSITIVE | PZG has a high relative strength, it outperformed 97.73% 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) | DOWN | NEGATIVE | The current price of PZG is below 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) | 44.52 | NEUTRAL | The RSI value for PZG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PZG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.68 | NEUTRAL | The Stochastics value for PZG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.2 | HIGH VOLATILITY | The high ATR as a percentage value for PZG suggests high volalility. |
| Average Directional Index/ADX (14) | 13.81 | NEGATIVE | The low ADX value for PZG suggests a weak or negative trend. |
PZG Chart- and CandleStick Pattern Analysis
PZG Example Setup
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 |
|---|---|---|---|
| 1.81 | 1.64 | 0.17 (9.39%) | 10.65% |
| An entry @1.81. This is a Buy Stop order right above the resistance zone. | An exit @1.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.17 points, which is 9.39%. | For a 1.00% total portfolio risk, you can invest 10.65% of your capital in this trade. |
- 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.
PZG Technicals: Chart, Performance Metrics, Trend & Indicators
1.69
+0.05 (+3.05%)
PARAMOUNT GOLD NEVADA CORP / PZG TA FAQ
Can you provide the ChartMill technical rating for PARAMOUNT GOLD NEVADA CORP?
ChartMill assigns a technical rating of 6 / 10 to PZG.
Can you provide the trend direction for PARAMOUNT GOLD NEVADA CORP?
The current trend direction for PARAMOUNT GOLD NEVADA CORP (PZG) is Bullish.
What is the RSI signal for PZG stock?
PARAMOUNT GOLD NEVADA CORP (PZG) has an RSI value of 44.5232. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PARAMOUNT GOLD NEVADA CORP?
The buy/sell signal for PARAMOUNT GOLD NEVADA CORP (PZG) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for PARAMOUNT GOLD NEVADA CORP (PZG) stock?
PARAMOUNT GOLD NEVADA CORP (PZG) has a support level at 1.67 and a resistance level at 1.8. Check the full technical report for our detailed analysis of PZG support and resistance levels.