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Paramount Resources Ltd.

Paramount Resources Ltd. (PRMRF) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Paramount Resources Ltd..

PRMRF●PNK
EnergyOil & Gas Exploration & Production
$21.62
$0.32(1.50%)
U.S. Market opens in 12h 8m
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Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

PRMRF Technical Analysis Summary

Paramount Resources Ltd. stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 44.94)
Trend Strength:Weak (ADX: 19.33)
Volatility:Medium (ATR: 0.68)
Support/Resistance:$21.02 – $24.33 (Bollinger Bands)

Overall, Paramount Resources Ltd. remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 44.94

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 17.39

Bullish
Oversold zone signals rebound potential.

Williams %R: -81.42

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -9.05

Strongly Bearish
Sharp downside momentum.

Takeaway:Paramount Resources Ltd. shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.07

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 19.33

Weak
Weak trend, market trading sideways.

ATR (14): 0.68

Low
Low volatility, stable price action.

CCI (14): -102.21

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Paramount Resources Ltd. shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$24.33
Middle Band (SMA 20)
$22.68
Lower Band
$21.02
Current Position
Within Bands

Takeaway:Paramount Resources Ltd. trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$23.59
Middle Line (EMA 20)
$22.23
Lower Channel
$20.88
Squeeze Status
No Squeeze

Takeaway:Paramount Resources Ltd. trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume259.70K
Money Flow Index30.62Bearish, selling pressure outweighs inflows.
Relative Vigor Index54.44Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:PRMRF shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Paramount Resources Ltd., here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

Overall Recommendation:Technical indicators for Paramount Resources Ltd. are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ