Paramount Group Inc Stock Forecast

Green day on Monday for Paramount Group Inc stock after gaining 1.14%
(Updated on May 06, 2024)

PGRE Signals & Forecast

Mostly positive signals in the chart today. The Paramount Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.74 and $4.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 9.21%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, April 05, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Paramount Group Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.61 and $4.52. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Paramount Group Inc finds support just below today's level at $4.61. If this is broken, then the next support from accumulated volume will be at $4.52 and $4.31.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.180 (3.75%) between high and low. For the last week, the stock has had daily average volatility of 4.89%.

Our recommended stop-loss: $4.68 (-3.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (PGRE) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Paramount Group Inc to open at $4.88, and during the day (based on 14 day Average True Range), to move between $4.69 and $5.03, which gives a possible trading interval of +/-$0.172 (+/-3.55%) up or down from last closing price. If Paramount Group Inc takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $4.61, some $0.250 (5.14%) from the current price of $4.86, our system finds the risk reward attractive.

Is Paramount Group Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Paramount Group Inc stock to perform well in the short-term.

Current score: 4.454 Buy Candidate Unchanged

Predicted Opening Price for Paramount Group Inc of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.