Londinia Opportunities Analyses - 07/23/2024 (GMT) PARAMOUNT GROUP INC. - Daily
- U.S. Stocks
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 5.23 USD
My targets
5.64 USD (+5.62%)
5.77 USD (+8.05%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PARAMOUNT GROUP INC. as long as the price remains well above 5.23 USD. The buyers' bullish objective is set at 5.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.77 USD. If there is any crossing, the next objective would be the resistance located at 7.65 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
PARAMOUNT GROUP INC. rating 5.34 USD. On the day, this instrument gained +2.10% and was between 5.16 USD and 5.36 USD. This implies that the price is at +3.49% from its lowest and at -0.37% from its highest.5.16
5.36
5.34
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PARAMOUNT GROUP INC.:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PARAMOUNT GROUP INC. in Journalier shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.62 | 4.84 | 5.23 | 5.34 | 5.64 | 7.65 | 8.79 |
| Change (%) | -13.48% | -9.36% | -2.06% | - | +5.62% | +43.26% | +64.61% |
| Change | -0.72 | -0.50 | -0.11 | - | +0.30 | +2.31 | +3.45 |
| Level | Major | Major | Intermediate | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.03 | 5.08 | 5.15 | 5.20 | 5.27 | 5.32 | 5.39 |
| Camarilla | 5.20 | 5.21 | 5.22 | 5.23 | 5.24 | 5.25 | 5.26 |
| Woodie | 5.05 | 5.09 | 5.17 | 5.21 | 5.29 | 5.33 | 5.41 |
| Fibonacci | 5.08 | 5.12 | 5.15 | 5.20 | 5.24 | 5.27 | 5.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.63 | 4.86 | 5.01 | 5.24 | 5.39 | 5.62 | 5.77 |
| Camarilla | 5.06 | 5.09 | 5.13 | 5.16 | 5.20 | 5.23 | 5.27 |
| Woodie | 4.59 | 4.84 | 4.97 | 5.22 | 5.35 | 5.60 | 5.73 |
| Fibonacci | 4.86 | 5.01 | 5.10 | 5.24 | 5.39 | 5.48 | 5.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.02 | 4.22 | 4.42 | 4.62 | 4.82 | 5.02 | 5.22 |
| Camarilla | 4.52 | 4.56 | 4.59 | 4.63 | 4.67 | 4.70 | 4.74 |
| Woodie | 4.03 | 4.22 | 4.43 | 4.62 | 4.83 | 5.02 | 5.23 |
| Fibonacci | 4.22 | 4.37 | 4.46 | 4.62 | 4.77 | 4.86 | 5.02 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 70.02 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 25.81 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 5.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.06 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 4.98 | |
| Zig ZAG (10): | 5.33 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 74.68 | |
| TEMA (21): | 5.34 | |
| Williams %R (14): | -16.27 | |
| Chande Momentum Oscillator (20): | 0.66 | |
| Repulse (5,40,3): | 3.8300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4400 | |
| Courbe Coppock: | 26.97 |
| MA7: | 5.27 | |
| MA20: | 4.91 | |
| MA50: | 4.72 | |
| MA100: | 4.65 | |
| MAexp7: | 5.21 | |
| MAexp20: | 4.99 | |
| MAexp50: | 4.80 | |
| MAexp100: | 4.73 | |
| Price / MA7: | +1.33% | |
| Price / MA20: | +8.76% | |
| Price / MA50: | +13.14% | |
| Price / MA100: | +14.84% | |
| Price / MAexp7: | +2.50% | |
| Price / MAexp20: | +7.01% | |
| Price / MAexp50: | +11.25% | |
| Price / MAexp100: | +12.90% |
Quotes :
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15 min delayed data
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Actions NYSE
News
Don't forget to follow the news on PARAMOUNT GROUP INC.. At the time of publication of this analysis, the latest news was as follows:
- Paramount Achieves GRESB 5 Star Rating for Fifth Consecutive Year
- Paramount Announces Second Quarter 2023 Results
- Paramount Reschedules Second Quarter 2023 Earnings Call to Tuesday August 1, 2023 at 9:00 AM
- Paramount Announces Release Date for Second Quarter 2023 Results
- Paramount Declares Quarterly Cash Dividend