PARAMOUNT GLOBAL-CLASS B (PARA)

US92556H2067 - Common Stock

10.66  +0.19 (+1.81%)

After market: 10.63 -0.03 (-0.28%)

Technical Rating and Analysis

1

We assign a technical rating of 1 out of 10 to PARA. PARA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
84% of all other stocks performed better in the past year than PARA.
PARA is one of the lesser performing stocks in the Media industry. 63% of 92 stocks in the same industry do better.
PARA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
PARA has an average volume of 7450910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PARA has a been trading in a tight range between 10.22 and 10.67.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
PARA Weekly chart
PARA Daily chart
Setup Rating and Analysis

5

PARA has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

9.98

12.08

2 important support areas can be observed.

  • A support zone ranging from 10.38 to 10.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 10.08 to 10.21. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • Resistance @11.96 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.06
Mansfield-2.16
10 Day High10.67
10 Day Low10.22
20 Day High10.67
20 Day Low10.22
52 Week High17.5
52 Week Low9.54
Performance
1 Week3.39%
2 Weeks1.33%
1 Month2.21%
3 Month-3.09%
6 Month-17.3%
12 Month-22.53%
2 Year-41.81%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)58.59
LBB10.18
UBB10.62
PARA Daily chart

PARAMOUNT GLOBAL-CLASS B

NASDAQ:PARA (10/30/2024, 8:25:39 PM)

After market: 10.63 -0.03 (-0.28%)

10.66

+0.19 (+1.81%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg1.81%
1 Week3.39%
2 Weeks1.33%
1 Month2.21%
3 Month-3.09%
6 Month-17.3%
12 Month-22.53%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.17
ATR(20)%1.59%
ATR Inc
Range Today0.28
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High10.67
10 Day Low10.22
20 Day High10.67
20 Day Low10.22
52 Week High17.5
52 Week Low9.54
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.23M
Volume Incr-13.01%
Vol(5)4.76M
Vol(50)7.45M