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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
$21.53
$1.10(4.86%)
U.S. Market opens in 46h 48m
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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: 42.90)
Trend Strength:Weak (ADX: 17.66)
Volatility:Medium (ATR: 0.67)
Support/Resistance:$21.03 – $24.35 (Bollinger Bands)

This mix signals that Paramount Resources Ltd. is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 42.90

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 25.59

Bearish
Momentum remains weak below midpoint.

Williams %R: -100.00

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -7.38

Strongly Bearish
Sharp downside momentum.

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

Trend & Volatility

MACD: 0.11

Bullish
Bullish, trend momentum is strengthening.

ADX: 17.66

Weak
Weak trend, market trading sideways.

ATR (14): 0.67

Low
Low volatility, stable price action.

CCI (14): -109.99

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
$24.35
Middle Band (SMA 20)
$22.69
Lower Band
$21.03
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$23.78
Middle Line (EMA 20)
$22.44
Lower Channel
$21.10
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 Volume286.14K
Money Flow Index59.31Neutral, balanced money flows with no clear signal.
Relative Vigor Index50.65Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:PRMRF shows bullish money flow, with volume and vigor supporting buyers.

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

Bullish Signals

MACD above 0 → bullish trend confirmation.

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