VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

PZG Forecast and Technical Stock Analysis

Buy candidate since 2019-07-17 Gain 13.14%

Paramount Gold and Silver Corp gained 13.14% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $0.88 to $0.99 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 11.24% from a day low at $0.89 to a day high of $0.99. The price has been going up and down for this period, and there has been a 11.54% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 78 332 more shares were traded than the day before. In total, 144 568 shares bought and sold for approximately $143 122.00.

Quick summary:

  • 30 day high of the PZG stock price was $0.99 and low was $0.73.
  • 90 day high was $0.99 and low was $0.70.
  • 52 week high for the Paramount Gold and Silver Corp - $1.24 and low - $0.70.
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Trend

Paramount Gold and Silver Corp has broken the wide and weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.92, a level that may pose a second chance to hit a runner. According to fan-theory $1.09 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Only positive signals in the chart today. Paramount Gold and Silver Corp holds buy signals from both short- and long-term moving averages. In addition, 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 $0.89 and $0.81. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 16, 2019, which indicates further gains until a new top pivot has been found. Paramount Gold and Silver Corp has rising 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.

A sell signal from a double top formation was found on Monday July 15, 2019 and based on theory for this formation the price should fall by -0.04% to $0.84 within 3 trading days since signal was issued (Thursday July 18, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 66 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $0.89 and $0.82.

There is 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 $0.89. If this is broken, then the next support from accumulated volume will be at $0.82 and $0.76.

Support: $0.89 Price: $0.99

Risk

This stock may move much during a 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 $0.10 between high and low, or 11.24%. For the last week, the stock has had a daily average volatility of 6.58%.

Our recommended stoploss: $0.95 (-4.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

6.58 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Will PZG stock price go up or down on Mon, 22 Jul 2019?

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