PARAMOUNT GLOBAL-CLASS B (PARA) Stock Technical Analysis
NASDAQ:PARA - Nasdaq - US92556H2067 - Common Stock - Currency: USD
Overall PARA gets a technical rating of 7 out of 10. In the last year, PARA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month PARA has a been trading in the 10.48 - 11.63 range, which is quite wide. It is currently trading near the high of this range.
PARA has an average volume of 9063230 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 59% of them, which is more or less in line with the market.
PARA is part of the Media industry. There are 93 other stocks in this industry, PARA did better than 64% of them.
PARA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PARA is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PARA has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
9.98
11.93
2 important support areas can be observed.
- A support zone ranging from 10.74 to 11.02. 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 10.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 11.50 to 11.81. 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
CRS59.97
Mansfield-0.4
10 Day High11.63
10 Day Low10.49
20 Day High11.63
20 Day Low10.49
52 Week High14.54
52 Week Low9.54
Performance
1 Week6.29%
2 Weeks6%
1 Month5.7%
3 Month5.61%
6 Month1.14%
12 Month2.5%
2 Year-46.36%
3 Year-62.46%
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)0.08
RSI(14)66.52
LBB10.28
UBB11.65
11.49
+0.02 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.17%
1 Week6.29%
2 Weeks6%
1 Month5.7%
3 Month5.61%
6 Month1.14%
12 Month2.5%
2 Year-46.36%
3 Year-62.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%2.25%
ATR Inc-40%
Range Today0.17
ADR(20)0.25
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.97
Mansfield-0.4
10 Day High11.63
10 Day Low10.49
20 Day High11.63
20 Day Low10.49
52 Week High14.54
52 Week Low9.54
CS1 End11.02
CR1 Start11.5
Volume & EV
DER(3)-0.48%
DER(5)0.47%
Volume10.48M
Volume Incr24.31%
Vol(5)11.12M
Vol(50)9.06M