Paramount Group Technical Analysis (NYSE:PGRE)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Paramount Group stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the PGRE stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Paramount Group. The technical analysis form of Paramount Group stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Paramount Group Moving Average
Moving averages show the average price of PGRE stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Paramount Group are mostly signals of long term trends and will help long term traders.
Paramount Group Bollinger Bands
Bollinger bands comprise of a center line usually PGRE SMA, and two PGRE stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $15.31 is in the lower range of Paramount Group bollinger bands.
Paramount Group Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Paramount Group MACD indicator can be used to identify bullish and bearish trends for the stock.
Paramount Group Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 29.23 is the RSI value of PGRE stock.