PARAMOUNT GLOBAL-CLASS B (PARA) Stock Technical Analysis
NASDAQ:PARA - Nasdaq - US92556H2067 - Common Stock - Currency: USD
Overall PARA gets a technical rating of 2 out of 10. PARA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
PARA is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month PARA has a been trading in the 10.47 - 12.02 range, which is quite wide. It is currently trading near the lows of this range.
PARA has an average volume of 9427800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, PARA outperforms 54% of them, which is more or less in line with the market.
PARA is an average performer in the Media industry, it outperforms 67% of 97 stocks in the same industry.
Although the technical rating is bad, PARA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for PARA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.98
12.27
We found 2 important support areas.
- A support zone ranging from 10.71 to 10.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.08 to 10.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 11.18 to 11.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.71 from a trend line in the weekly time frame.
- Resistance @11.95 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.15 to 12.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.62
Mansfield0.55
10 Day High11.6
10 Day Low10.47
20 Day High12.02
20 Day Low10.47
52 Week High14.54
52 Week Low9.54
Performance
1 Week0.18%
2 Weeks-4.7%
1 Month-8.3%
3 Month6.52%
6 Month4.69%
12 Month-12.06%
2 Year-53.11%
3 Year-62.43%
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)-0.06
RSI(14)44.86
LBB10.22
UBB12.01
10.94
+0.23 (+2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg2.15%
1 Week0.18%
2 Weeks-4.7%
1 Month-8.3%
3 Month6.52%
6 Month4.69%
12 Month-12.06%
2 Year-53.11%
3 Year-62.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%3.92%
ATR Inc-39.03%
Range Today0.33
ADR(20)0.42
ADR(20)%3.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.62
Mansfield0.55
10 Day High11.6
10 Day Low10.47
20 Day High12.02
20 Day Low10.47
52 Week High14.54
52 Week Low9.54
CS1 End10.85
CR1 Start11.18
Volume & EV
DER(3)8.75%
DER(5)7.03%
Volume6.70M
Volume Incr-29.16%
Vol(5)6.71M
Vol(50)9.43M