RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PGRE
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Paramount Group Inc stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Paramount Group Inc stock price gained 3.60% on the last trading day (Wednesday, 27th Mar 2024), rising from $4.44 to $4.60. During the last trading day the stock fluctuated 3.94% from a day low at $4.44 to a day high of $4.62. The price has been going up and down for this period, and there has been a -1.5% loss for the last 2 weeks. Volume fell on the last day by -329 thousand shares and in total, 707 thousand shares were bought and sold for approximately $3.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.00% during the next 3 months and, with a 90% probability hold a price between $3.71 and $4.32 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PGRE Signals & Forecast

The Paramount Group Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $4.63. On a fall, the stock will find some support from the long-term average at approximately $4.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -4.76%. Further fall is indicated until a new bottom pivot has been found.

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

Paramount Group Inc finds support from accumulated volume at $4.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.175 (3.94%) between high and low. For the last week, the stock has had daily average volatility of 3.93%.

Our recommended stop-loss: $4.37 (-5.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (PGRE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Paramount Group Inc to open at $4.55, and during the day (based on 14 day Average True Range), to move between $4.43 and $4.77, which gives a possible trading interval of +/-$0.168 (+/-3.64%) up or down from last closing price. If Paramount Group Inc takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.61 (0.22%) than the support at $4.57 (0.65%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Paramount Group Inc stock A Buy?

Paramount Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.741 Hold/Accumulate Upgraded

Predicted Opening Price for Paramount Group Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$4.55 ( 1.05%) $4.60

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

Trading levels for PGRE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.73 2.75 %
R2 4.66 1.30 %
R1 4.62 0.403 %
Current price: 4.60
Support S1 4.48 -2.50 %
S2 4.44 -3.40 %
S3 4.38 -4.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.01 8.91 %
R2 4.74 3.04 %
R1 4.61 0.217 %
Current price 4.60
Support S1 4.57 -0.652%
S2 4.52 -1.74%
S3 4.31 -6.30%

PGRE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 15, 2024 Mar 27, 2024 Apr 15, 2024 $0.0350 0.761%
2 Dec 15, 2023 Dec 28, 2023 Jan 12, 2024 $0.0350 0.720%
3 Sep 15, 2023 Sep 28, 2023 Oct 13, 2023 $0.0350 0.799%
4 Jun 15, 2023 Jun 29, 2023 Jul 14, 2023 $0.0350 0.681%
5 Mar 15, 2023 Mar 30, 2023 Apr 14, 2023 $0.0780 1.80%

FAQ

What is the symbol for Paramount Group Inc Stock and on which exchange is it traded?
The symbol for Paramount Group Inc is PGRE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Paramount Group Inc Stock?
Paramount Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Paramount Group Inc Stock?
Paramount Group Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Paramount Group Inc Stock.

What's the current price of Paramount Group Inc Stock?
As of the end of day on the 2024-03-27, the price of an Paramount Group Inc (PGRE) share was $4.60.

What is the 52-week high and low for Paramount Group Inc Stock?
The 52-week high for Paramount Group Inc Stock is $5.92 and the 52-week low is $4.06.

What is the market capitalization of Paramount Group Inc Stock?
As of the 2024-03-27, the market capitalization of Paramount Group Inc is 999.713M.

When is the next earnings date for Paramount Group Inc?
The upcoming earnings date for Paramount Group Inc is May 01, 2024.
Click to get the best stock tips daily for free!

About Paramount Group Inc

Paramount Group Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabili... PGRE Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT