Paramount Gold and Silver Corp Forecast and Stock Analysis
Technical PZG stock analysis for April 24, 2019.
|Shorts||6.00% ( 2019-03-29 )|
Paramount Gold and Silver Corp gained 1.20% in the last trading day, rising from $0.83 to $0.84 The price has been going up and down for this period, and there has been a -3.45% loss 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, 18 439 more shares were traded than the day before. In total, 29 033 shares bought and sold for approximately $24 387.70.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the PZG stock was $0.84. This is 1.2% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 3.60% from a day low at $0.83 to a day high of $0.86.
30 day high of the PZG stock price was $0.90 and low was $0.80.
90 day high was $1.03 and low was $0.80.
52 week high for the Paramount Gold and Silver Corp - $1.64 and low - $0.80.
Paramount Gold and Silver Corp 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 -14.21% during the next 3 months and, with 90% probability hold a price between $0.67 and $0.76 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday April 23, 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 considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Paramount Gold and Silver Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.85 and $0.88. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Paramount Gold and Silver Corp finds support from accumulated volume at $0.83.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.03 (3.60%) between high and low. For the last week, the stock has had a daily average volatility of 3.25%.
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 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.
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|PZG $0.84 ($0.01 1.20%)|
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