Paramount Gold and Silver Corp Forecast and Stock Analysis
Technical PZG stock analysis for February 15, 2019.
|Shorts||6.10% ( 2019-01-31 )|
Paramount Gold and Silver Corp fell by -4.06% in the last day from $0.96 to $0.92 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a -8.37% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -19 259 shares and in total 17 731 shares bought and sold for approximately $16 246.90.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the PZG stock was $0.92. This is 4.06% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 6.95% from a day low at $0.92 to a day high of $0.98.
30 day high of the PZG stock price was $1.03 and low was $0.89.
90 day high was $1.08 and low was $0.81.
52 week high for the Paramount Gold and Silver Corp - $1.64 and low - $0.81.
Paramount Gold and Silver Corp lies in the middle of a very 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 -2.86% during the next 3 months and, with 90% probability hold a price between $0.79 and $1.00 at the end of this period.
There are few to none technical positive signals at the moment. Paramount Gold and Silver Corp holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $0.97 and $0.94. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 49 and the stock is currently not being overbought or oversold
Support & Resistance
Paramount Gold and Silver Corp finds support from accumulated volume at $0.90.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.06 between high and low, or 6.95%. For the last week the stock has had a daily average volatility of 4.89%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Paramount Gold and Silver Corp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.