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 PZG
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Green day on Thursday for Paramount Gold and Silver Corp stock after gaining 0.92%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 08, 2024 Gain 12.92% PDF

The Paramount Gold and Silver Corp stock price gained 0.92% on the last trading day (Thursday, 28th Mar 2024), rising from $0.402 to $0.406. During the last trading day the stock fluctuated 5.28% from a day low at $0.398 to a day high of $0.419. The price has been going up and down for this period, and there has been a 5.9% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $575.86 thousand.

The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.411 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.62% during the next 3 months and, with a 90% probability hold a price between $0.324 and $0.421 at the end of this 3-month period.

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PZG Signals & Forecast

The Paramount Gold and Silver Corp 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 $0.399 and $0.365. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Paramount Gold and Silver Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Friday, March 22, 2024, and so far it has fallen -1.05%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Paramount Gold and Silver Corp stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.375 and $0.363. 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 Gold and Silver Corp finds support just below today's level at $0.375. If this is broken, then the next support from accumulated volume will be at $0.363 and $0.329.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0210 between high and low, or 5.28%. For the last week, the stock has had daily average volatility of 5.57%.

Our recommended stop-loss: $0.389 (-4.02%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (PZG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Paramount Gold and Silver Corp to open at $0.408, and during the day (based on 14 day Average True Range), to move between $0.386 and $0.426, which gives a possible trading interval of +/-$0.0199 (+/-4.92%) up or down from last closing price. If Paramount Gold and Silver Corp takes out the full calculated possible swing range there will be an estimated 9.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.410 (1.06%) than the support at $0.375 (7.54%), 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 Gold and Silver Corp 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 Gold and Silver Corp stock to perform well in the short-term.

Current score: 3.184 Buy Candidate Unchanged

Predicted Opening Price for Paramount Gold and Silver Corp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.408 ( 0.477%) $0.406

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

Trading levels for PZG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.429 5.65 %
R2 0.421 3.68 %
R1 0.416 2.45 %
Current price: 0.406
Support S1 0.400 -1.50 %
S2 0.395 -2.72 %
S3 0.387 -4.70 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0.410 1.06 %
Current price 0.406
Support S1 0.375 -7.54%
S2 0.363 -10.50%
S3 0.329 -18.98%

FAQ

What is the symbol for Paramount Gold and Silver Corp Stock and on which exchange is it traded?
The symbol for Paramount Gold and Silver Corp is PZG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Paramount Gold and Silver Corp Stock?
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 Gold and Silver Corp stock to perform well in the short-term.

How to buy Paramount Gold and Silver Corp Stock?
Paramount Gold and Silver Corp 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 Gold and Silver Corp Stock.

What's the current price of Paramount Gold and Silver Corp Stock?
As of the end of day on the 2024-03-28, the price of an Paramount Gold and Silver Corp (PZG) share was $0.406.

What is the 52-week high and low for Paramount Gold and Silver Corp Stock?
The 52-week high for Paramount Gold and Silver Corp Stock is $0.420 and the 52-week low is $0.240.

What is the market capitalization of Paramount Gold and Silver Corp Stock?
As of the 2024-03-28, the market capitalization of Paramount Gold and Silver Corp is 24.696M.

When is the next earnings date for Paramount Gold and Silver Corp?
The upcoming earnings date for Paramount Gold and Silver Corp is May 12, 2024.
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About Paramount Gold and Silver Corp

Paramount Gold and Silver Paramount Gold Nevada Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of precious metal properties in the United States. The company primarily explores for gold and silver ores. It holds principal interest in the Sleeper gold project with 2,322 unpatented mining claims totaling approximately 38,300 acres located in Humbolt County, Nevada. The company also holds 100% interest in the Grassy Mountain g... PZG Profile

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