PARAMOUNT GLOBAL-CLASS A (PARAA) Stock Technical Analysis
NASDAQ:PARAA - Nasdaq - US92556H1077 - Common Stock
Taking everything into account, PARAA scores 6 out of 10 in our technical rating. PARAA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, PARAA did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
PARAA is part of the Media industry. There are 91 other stocks in this industry, PARAA did better than 70% of them.
PARAA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PARAA is lagging the market.
In the last month PARAA has a been trading in a tight range between 21.60 and 22.75.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, PARAA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 22.54, a Stop Loss order could be placed below this zone.
More info and screens
19.69
24.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 21.71 to 22.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.89 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.38 to 23.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 24.20 to 24.20. 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
CRS73.74
Mansfield-0.48
10 Day High22.64
10 Day Low22.15
20 Day High22.75
20 Day Low21.6
52 Week High26.34
52 Week Low16.59
Performance
1 Week1.34%
2 Weeks1.8%
1 Month2.26%
3 Month3.71%
6 Month1.94%
12 Month20.62%
2 Year-15.05%
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)53.37
LBB22.15
UBB22.72
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.65 | 22.14 | 0.51 (2.25%) | 25.00% |
| An entry @22.65. This is a Buy Stop order right above the 10 day high. | An exit @22.14. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.51 points, which is 2.25%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PARAMOUNT GLOBAL-CLASS A
NASDAQ:PARAA (1/17/2025, 8:19:54 PM)
22.64
+0.12 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.53%
1 Week1.34%
2 Weeks1.8%
1 Month2.26%
3 Month3.71%
6 Month1.94%
12 Month20.62%
2 Year-15.05%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%1.67%
ATR Inc-56.05%
Range Today0.14
ADR(20)0.37
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.74
Mansfield-0.48
10 Day High22.64
10 Day Low22.15
20 Day High22.75
20 Day Low21.6
52 Week High26.34
52 Week Low16.59
CS1 End22.54
CR1 Start23.38
Volume & EV
DER(3)-2.08%
DER(5)-0.31%
Volume13.60K
Volume Incr-59.1%
Vol(5)20.62K
Vol(50)44.43K