Technical analysis from Paramount Resources (POU.TO.TO, TSE:POU.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Paramount Resources
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[Uptrend]: Recent trading for POU indicates ST trend is likely to continue
Weighted Moving Average /
[Uptrend]: Recent trading for POU indicates ST trend is likely to continue

[BULLISH]: Paramount Resources currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.2%.

Paramount Resources: Sellers have lost control.
Open Tod Vs Close Tod /
Paramount Resources: Sellers have lost control.

[BULLISH]: Paramount Resources opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 70%. This suggests the sellers have lost control. Over the last 12 months there has been 6 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 9.7%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 10%.

Low Price /
Paramount Resources: Daily low performance (3 %)

[BEARISH]: Paramount Resources current uptrend in the first timeframe. Currently, the Low is $16.57 (3 %).

Dark Cloud Cover /
Paramount Resources (POU): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: Paramount Resources has formed a new bearish Dark Cloud Cover reversal pattern. This means, POU has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

Close Tod Vs Close Yest /
Sellers are now keener than buyers for Paramount Resources & are driving the price down.

POU: Recent Performance ->(1) 15 Feb: -0.2% (2) 14 Feb: 5.3% (3) 13 Feb: 2.8%

Ease of Movement /
POU was easily moved during the last trading day indicating a ST uptrend

POU: EOM Current Signal -> (1) 15 Feb: BULLISH EASY (2) 14 Feb: BULLISH EASY (3) 13 Feb: BULLISH EASY

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Demarks Pivot Points /
Paramount Resources has moved above the R1 DeMark pivot point ($16.91) [Bullish]

Paramount Resources has broken the first DeMark resistance point ($16.91) [Bullish]. Look for a long limit order entry near this point. Exit price for POU should be set @$17.25 & Stoploss for Paramount Resources should be set at $16.45

Paramount Resources: Accumulation Distribution Line (-828168)
Accumulation / Distribution /
Paramount Resources: Accumulation Distribution Line (-828168)

POU: ADLINE Current Signal -> (1) 15 Feb: BEARISH (2) 14 Feb: BEARISH (3) 13 Feb: BEARISH

CMF signal weak & within zero line tolerance for POU
Chaikin Money Flow /
CMF signal weak & within zero line tolerance for POU

POU: Chaikin Oscillator Current Signal -> (1) 15 Feb: NEUTRAL (2) 14 Feb: BULLISH CROSSOVER (3) 13 Feb: NEUTRAL

Percentage Price /
PPO continues to signal a continuation of downward price fall for Paramount Resources

POU: PPO Current Signal -> (1) 15 Feb: BEARISH (2) 14 Feb: BEARISH (3) 13 Feb: BEARISH

Moving Average Envelope /
Oversold signal continues for Paramount Resources indicating upward price movement is likely

[BULLISH]: Paramount Resources current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 16.7580.

Ulcer Index /
Recent trading has highlighted high Ulcer index for Paramount Resources

POU: UIC Recent Trading -> (1) 15 Feb: 13.996 (2) 14 Feb: 13.672 (3) 13 Feb: 13.268

Elders Force Index (-85171) has signalled selling pressure has continued for POU
Elders Force Index /
Elders Force Index (-85171) has signalled selling pressure has continued for POU

[BEARISH]: Paramount Resources current price has highlighted recent selling pressure. Currently, the Elders Force Index is -85171.

Paramount Resources is in a short term uptrend with the closing price @$17.13
Simple Moving Average /
Paramount Resources is in a short term uptrend with the closing price @$17.13

[BEARISH]: Paramount Resources 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 -0.2%.

Momentum /
Paramount Resources: Momentum(5)

[BULLISH]: Paramount Resources currently has positive momentum of 1.75. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.2%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 0%%.

High Price /
Paramount Resources: Daily high price is $17.37 [Higher High]

[BULLISH]: Paramount Resources current uptrend in the first timeframe. Currently, the HIGH is 0.9 %.

Black Candle /
POU Basic Candle: Black

[BEARISH]: Paramount Resources has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

14-day rate of change is decreasing for Paramount Resources
Rate of Change /
14-day rate of change is decreasing for Paramount Resources

[BEARISH]: Paramount Resources currently has negative rate of change of -12.5%. 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

POU has achieved a lower closing price of $17.13 (-0.2 %)
Closing Price /
POU has achieved a lower closing price of $17.13 (-0.2 %)

POU: CLOSE Current Signal -> (1) 15 Feb: BEARISH (2) 14 Feb: BULLISH (3) 13 Feb: BULLISH

Daily trading produced a rally day for Paramount Resources
Coles Reaction Day /
Daily trading produced a rally day for Paramount Resources

POU: CRD Recent Trading -> (1) 15 Feb: Coles Rally Day (2) 14 Feb: Coles Rally Day (3) 13 Feb: Coles Rally Day

Woodie Pivot Point /
Paramount Resources has moved below the S1 Woodie pivot point ($16.73) [Bearish]

Paramount Resources has broken the first Woodie support point ($16.73) [Bearish]. Look for a short limit order entry near this point. Exit price for POU should be set @$16.25 & short position stoploss for Paramount Resources should be set at $17.85

Detrended Price Oscillator /
Bearish trading conditions for Paramount Resources has been signalled from the DPO (-1.597)

[BEARISH]: Paramount Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for POUCurrently, the return on DPO20 is -0.2%.

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Paramount Resources indicating upward price movement is likely

[BULLISH]: Paramount Resources 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 -0.2%.

Aroon Oscillator /
Paramount Resources: ARO(-44) has signalled a downtrend is current

[BEARISH]: Paramount Resources has a current ARU(25) of 40 and a current ARD(25) of 84

POU has achieved a lower range ($0.8)
Price Range /
POU has achieved a lower range ($0.8)

POU: Price Range Recent Trading -> (1) 15 Feb: 0.8 (2) 14 Feb: 1.12 (3) 13 Feb: 0.94

Trading for Paramount Resources highlights the commitment of buyers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Paramount Resources highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Paramount Resources buyers are in control at the market close. There has been 4 consecutive days of prices closing in the upper part of the trading range for Paramount Resources 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 19 trading days with the closing price in the upper part of the range giving a confirmation ratio of 30.6%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 50%. Currently this quarter, closing price has spent 7 days in the upper price range compared to 5 days in the lower range giving a ratio of 1.4x.

Short Trend /
Paramount Resources: Uptrend for the daily trend is continued

POU: Daily Trend Current Signal -> (1) 15 Feb: BULLISH (2) 14 Feb: BULLISH (3) 13 Feb: BULLISH

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