Technical analysis from Premier Gold Mines (PG.TO.TO, TSE:PG.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Premier Gold Mines
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Closing price for PG ($3.53) signals buyers are now keener than sellers
Close Tod Vs Close Yest /
Closing price for PG ($3.53) signals buyers are now keener than sellers

[BULLISH]: Premier Gold Minesbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for PG adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 3.6 & the greatest daily positive change this year has been 3.6. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 5.1%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 3.6%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 2.7%

Premier Gold Mines: Confirmation of stock distribution has commenced
Accumulation / Distribution /
Premier Gold Mines: Confirmation of stock distribution has commenced

[BEARISH CROSSOVER]: Premier Gold Mines current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Volume /
Premier Gold Mines: Daily volume is 755283 [Higher Volume]

[BULLISH]: Premier Gold Mines current volume uptrend in the first timeframe. Volume for PG is755283 (46.7).

Rate of Change /
Rate of change is now building for Premier Gold Mines signalling a short term downtrend is likely

[BEARISH CROSSOVER]: Premier Gold Mines currently has negative rate of change of -9.5%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Simple Moving Average /
[Bullish]: SMA(5) is serving as a support line for Premier Gold Mines

[BEARISH]: Premier Gold Mines currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 3.2%.

Momentum /
Premier Gold Mines has initiated a negative momentum of -0.05

[BEARISH CROSSOVER]: Premier Gold Mines currently has negative momentum of -0.05 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 3.2%.The largest downward momentum rally for the last 3 months is 1 days producing a return of -4%%.

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Fibonacci Extensions /
The 161.8% Fibonacci extension level for PG has moved to the lower limit. Stoploss should be positioned @$2.72

Premier Gold Mines has moved below the 161.8% level ($4.42) [Bullish]. Look for a long limit order entry near this point. Exit price for PG should be set @$6.12 & Stoploss for Premier Gold Mines should be set at $2.72

Premier Gold Mines: Stoploss for short position should be set at $3.62
Woodie Pivot Point /
Premier Gold Mines: Stoploss for short position should be set at $3.62

Premier Gold Mines has broken the first Woodie support point ($3.48) [Bearish]. Look for a short limit order entry near this point. Exit price for PG should be set @$3.42 & short position stoploss for Premier Gold Mines should be set at $3.62

Stochastic Oscillator for PG has crossed below the oversold limit triggering a bullish crossover signal
Stochastic Oscillator /
Stochastic Oscillator for PG has crossed below the oversold limit triggering a bullish crossover signal

[BULLISH]: Premier Gold Mines is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

On Balance Volume /
PG: Current trading activity signals OBV accumulation is active

[BULLISH]: Premier Gold Mines current price has highlighted recent accumulation. Currently, the OBV is 1.50368e+006.

Elders Force Index /
Elders Force Index (-5444) has signalled bearish conditions in recent trading for PG

[BEARISH]: Premier Gold Mines current price has highlighted recent selling pressure. Currently, the Elders Force Index is -5444.

Ease of Movement /
Price moved on high volume to close higher for the day for PG [Difficult to Move]

PG: EOM Current Signal -> (1) 12 Jan: BULLISH HARD (2) 12 Jan: BULLISH EASY (3) 12 Jan: BEARISH HARD

The MACD for PG is losing momentum through a fall on the short term EMA
MACD /
The MACD for PG is losing momentum through a fall on the short term EMA

[BEARISH CROSSOVER]: Premier Gold Mines currently has negative MACD of -0.033000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0.9%.

Premier Gold Mines: Volume MACD @37474 [Bullish Crossover]
MACD Volume /
Premier Gold Mines: Volume MACD @37474 [Bullish Crossover]

[BULLISH CROSSOVER]: Premier Gold Mines currently has positive Volume MACD of 37474. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Detrended Price Oscillator /
Premier Gold Mines: Detrended Price Oscillator(20) (-0.0515)

[BEARISH]: Premier Gold Mines currently has a confirmed downtrend. Price is currently below the displaced moving average for PGCurrently, the return on DPO20 is 3.2%.

Opening Price /
Premier Gold Mines: Daily opening performance is -1.7 % [Uptrend]

[BULLISH]: Premier Gold Mines opening price has gapped up. Currently, the OPEN is $3.48 (-1.7 %).

Price Range /
Price volatility is low for PG based on the lower price range ($0.1) [Downtrend]

PG: Price Range Current Signal -> (1) 12 Jan: BEARISH (2) 11 Jan: BULLISH (3) 10 Jan: BULLISH

CMF signal weak with further confirmation required for PG
Chaikin Money Flow /
CMF signal weak with further confirmation required for PG

PG: Chaikin Oscillator Recent Trading -> (1) 12 Jan: 0.02 (2) 12 Jan: 0.14 (3) 12 Jan: -0.19

PG: Over the last month there has been 8 trading  days with the closing price in the upper range giving a confirmation ratio of 88.9%.
Close Tod Vs Range Tod /
PG: Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 88.9%.

[BULLISH]: Premier Gold Mines buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Premier Gold Mines adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 23 trading days with the closing price in the upper part of the range giving a confirmation ratio of 50%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 88.9%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 7 days in the lower range giving a ratio of 1.1x.

Premier Gold Mines: Elder Ray Index is 0.021 [Bullish]
Elder Ray Index /
Premier Gold Mines: Elder Ray Index is 0.021 [Bullish]

[BULLISH]: Premier Gold MinesElder Ray Index is signalling a Bullish movementERI is 0.021 indicating bull power. Prices are being driven above the consensus of value for PG during the last trading session [Buying Pressure]

Aroon Oscillator /
PG: Aroon oscillator has confirmed an uptrend @24

[BULLISH]: Premier Gold Mines has a current ARO(25) of 24. This has change -68 points from yesterday.

White Candle /
PG Basic Candle: White

[BULLISH]: Premier Gold Mines has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Coles Reaction Day /
Premier Gold Mines: Coles Indicator (Coles Rally Day)

PG: CRD Current Signal -> (1) 12 Jan: BULLISH (2) 12 Jan: BULLISH (3) 12 Jan: NEUTRAL

Low Price /
Premier Gold Mines: Daily low performance is 1.5 % [Uptrend]

[BEARISH]: Premier Gold Mines current uptrend in the first timeframe. Currently, the Low is $3.46 (1.5 %).

PG: Price continues to move above the SWMA(5) @$3.460
Sine Weighted Moving Average /
PG: Price continues to move above the SWMA(5) @$3.460

[BULLISH]: Premier Gold Mines currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 3.2%.

William %R overbought signal has just been neutralized for Premier Gold Mines
Williams %R /
William %R overbought signal has just been neutralized for Premier Gold Mines

PG: William %R Current Signal -> (1) 12 Jan: BULLISH CROSSUNDER (2) 12 Jan: BEARISH CROSSOVER (3) 12 Jan: NEUTRAL

Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for PG

PG: EMA(5) Current Signal -> (1) 12 Jan: BEARISH (2) 12 Jan: BEARISH (3) 12 Jan: BULLISH

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