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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Price for POU has opened stronger than close of the previous trading session
Opening Price /
Price for POU has opened stronger than close of the previous trading session

[BULLISH]: Paramount Resources opening price has gapped up. Currently, the OPEN is $15.21 (2.8 %).

Paramount Resources is no longer oversold with the Lower Envelope Band @$15.1145
Moving Average Envelope /
Paramount Resources is no longer oversold with the Lower Envelope Band @$15.1145

[NEUTRAL]: Paramount Resources current trading has closed out Envelope Bands to oversold status and signalled the initiation of normal trading conditions. Currently, the Lower Band is 15.1145.

Elder Ray Index /
[Bearish]: Recent trading has driven price below the consensus of value for POU

[BEARISH]: Paramount Resources Elder Ray Index is signalling a Bearish movementERI is -0.606 indicating bear power. Prices are being driven below the consensus of value for POU during the last trading session [Selling Pressure]

Volume /
POU has achieved a lower volume of 570915 (-8.0)

[BEARISH]: Paramount Resources current volume downtrend in the first timeframe. Volume for POU is 570915 (-8.0).

White Candle /
POU Basic Candle: White

[BULLISH]: Paramount Resources has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Ease of Movement /
Price was easily moved upward in recent trading on low volume causing an uptrend in price for POU

POU: EOM Current Signal -> (1) 17 May: BULLISH EASY (2) 16 May: BULLISH EASY (3) 15 May: BEARISH HARD

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Closing Price /
Close for POU has surpassed the close of the previous trading session

[BULLISH]: Paramount Resources current uptrend in the first timeframe. Currently, the Close is $15.58.

Volume is still above the short term EMA for POU [Bullish]
Percentage Volume /
Volume is still above the short term EMA for POU [Bullish]

[BULLISH]: Paramount Resources currently has positive PVO 17.62%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -9.5%.

Accumulation has commenced for Paramount Resources
Accumulation / Distribution /
Accumulation has commenced for Paramount Resources

[BULLISH CROSSOVER]: Paramount Resources current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the ADLINE is 207240.

Exponential Moving Average /
Price is now trading above the Exponential Moving Average(5) for POU

[BULLISH]: Paramount Resources currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 3.1%.

Ulcer Index /
[High Stress]: High drawdown associated with recent trading of POU

[BULLISH]: Paramount Resources UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 14.223.

Volume Rate of Change /
Positive VROC for Paramount Resources is a leading indicator for continued price rise

[BULLISH]: Paramount Resources currently has positive volume of change of 349%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 3.1%.

Paramount Resources: Daily high price is $15.6 [Higher High]
High Price /
Paramount Resources: Daily high price is $15.6 [Higher High]

POU: HIGH Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: BEARISH

The TMA trend following signal is now active for Paramount Resources [Bullish]
Triangular Moving Average /
The TMA trend following signal is now active for Paramount Resources [Bullish]

POU: TMA Current Signal -> (1) 17 May: BULLISH CROSSOVER (2) 16 May: BEARISH (3) 15 May: BEARISH

Aroon Oscillator /
Aroon oscillator for Paramount Resources has signalled an downtrend is active

[BEARISH]: Paramount Resources has a current ARU(25) of 44 and a current ARD(25) of 84

Momentum /
5-day momentum is now increasing for Paramount Resources

[BULLISH CROSSOVER]: Paramount Resources currently has positive momentum of 1.45. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 3.1%. The largest upward momentum rally for the last 3 months is 18 days producing a return of 22.2%.

Daily Volume Index /
DVI: Distribution still active for Paramount Resources

POU: DVI Current Signal -> (1) 17 May: BEARISH (2) 16 May: BEARISH (3) 15 May: BEARISH

Recent trading for Paramount Resources fell short of the previous price range ($0.45)
Price Range /
Recent trading for Paramount Resources fell short of the previous price range ($0.45)

[BEARISH]: Paramount Resources current downtrend in the first timeframe. Currently, the Range is $0.45.

Paramount Resources has moved above the R1 DeMark pivot point ($15.4825) [Bullish]
Demarks Pivot Points /
Paramount Resources has moved above the R1 DeMark pivot point ($15.4825) [Bullish]

Paramount Resources has broken the first DeMark resistance point ($15.4825) [Bullish]. Look for a long limit order entry near this point. Exit price for POU should be set @$15.815 & Stoploss for Paramount Resources should be set at $15.365

Price & volume confirms continued selling pressure for Paramount Resources is likely
Elders Force Index /
Price & volume confirms continued selling pressure for Paramount Resources is likely

[BEARISH]: Paramount Resources current price has highlighted recent selling pressure. Currently, the Elders Force Index is -351950.

Open Tod Vs Close Tod /
Open/close reversal confirmed for Paramount Resources signalling the buyers were in control all day.

[BULLISH STRONG]: Paramount Resources opened in the lower part of daily range at 13.3% & closed in the upper part of the trading range at 95.6%. This suggests the buyers were in control all day. Over the last 12 months there has been 54 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 20.5%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 23.1%.

Stochastic Oscillator /
Paramount Resources is no longer oversold and normal trading conditions are resumed

POU: Stochastic Oscillator Signal -> (1) 17 May: BULLISH CROSSUNDER (2) 16 May: BULLISH (3) 15 May: BEARISH CROSSOVER

Coles Reaction Day /
The daily range for Paramount Resources has achieved a higher high [Bullish]

Paramount Resources: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for POU

Weighted Moving Average /
Paramount Resources is in a short term uptrend with the closing price @$15.58

[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 3.1%.

Daily bar has confirmed has confirmed an ADX a weak trend is intact for POU
Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a weak trend is intact for POU

[Weak Trend]: ADX for POU has confirmed a weak trend is present. Paramount Resources has an ATR(14) of 0.753, a DX of 18.08 & an ADX(14) of 24.1

Paramount Resources: Two White Soldiers
Two White Soldiers /
Paramount Resources: Two White Soldiers

[BULLISH]: Paramount Resources has formed a new Two White Soldiers pattern.

Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for POU

[BEARISH]: Paramount Resources currently has negative PPO -2.564%. This means the current price is losing momentum through a fall on the short term exponential moving average.

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