PARAMOUNT GOLD NEVADA CORP (PZG) Stock Technical Analysis
NYSEARCA:PZG • US69924M1099
Taking everything into account, PZG scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, PZG did better than 99% of all other stocks. On top of that, PZG also shows a nice and consistent pattern of rising prices.
- PZG is one of the better performing stocks in the Metals & Mining industry, it outperforms 98% of 157 stocks in the same industry.
- 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.
- In the last month PZG has a been trading in the 1.31 - 2.60 range, which is quite wide. It is currently trading near the high of this range.
- PZG has an average volume of 1716130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PZG has an excellent technical rating, but the quality of the setup is only medium 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
0.99
When analyzing the support we can see 4 important areas.
- Support @1.29 from a trend line in the weekly time frame.
- Support @1.23 from a trend line in the daily time frame.
- Support @1.11 from a horizontal line in the daily time frame.
- Support @1.00 from a horizontal 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 | UP | POSITIVE | The short term trend for PZG is up. |
| ChartMill Relative Strength | 99.54 | POSITIVE | PZG has a high relative strength, it outperformed 99.54% 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) | 61.82 | NEUTRAL | The RSI value for PZG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PZG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.94 | NEUTRAL | The Stochastics value for PZG is a neutral value. |
| Average True Range in percent/ATR (20) | 12.3 | HIGH VOLATILITY | The high ATR as a percentage value for PZG suggests high volalility. |
| Average Directional Index/ADX (14) | 47.51 | POSITIVE | The high ADX value value for PZG suggests a strong trend. |
2.17
-0.24 (-9.96%)
PARAMOUNT GOLD NEVADA CORP / PZG FAQ
Can you provide the ChartMill technical rating for PARAMOUNT GOLD NEVADA CORP?
ChartMill assigns a technical rating of 10 / 10 to PZG.
What is the trend direction for 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 61.8175. This indicates that the stock is currently neutral.
What is the MACD signal for PZG stock?
The MACD indicator for PARAMOUNT GOLD NEVADA CORP (PZG) has a value of 0.0399877, indicating a bearish trend.
What is the support and resistance level for PZG stock?
PARAMOUNT GOLD NEVADA CORP (PZG) has a support level at 1.29. Check the full technical report for our detailed analysis of PZG support and resistance levels.