PARAMOUNT GLOBAL-CLASS B (PARA) Technical Analysis
NASDAQ:PARA • US92556H2067
Current stock price
PARA Technical Rating and Analysis
Overall PARA gets a technical rating of 0 out of 10. PARA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, PARA is a bad performer in the overall market: 65% of all stocks are doing better.
- In the last month PARA has a been trading in the 10.87 - 13.59 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- PARA has an average volume of 10714500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- PARA is an average performer in the Media industry, it outperforms 63% of 91 stocks in the same industry.
- PARA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PARA is lagging the market slightly.
PARA Weekly and Daily overview Charts
PARA Setup Rating and Analysis
The technical rating of PARA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
PARA Support and Resistance Analysis
9.98
We found 2 important support areas.
- Support @10.34 from a horizontal line in the daily time frame.
- A support zone ranging from 10.08 to 10.15. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @11.93 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.48 to 12.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @13.16 from a horizontal line in the daily time frame.
PARA Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PARA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PARA is down. |
| ChartMill Relative Strength | 35.03 | NEUTRAL | PARA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PARA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PARA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PARA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.68 | OVERSOLD | The low RSI value suggests PARA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests PARA has a negative trend. |
| Stochastics (14,3) | 18.02 | OVERSOLD | The low Stochastics value suggests PARA may be oversold. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for PARA suggests some volalility. |
| Average Directional Index/ADX (14) | 32.81 | POSITIVE | The high ADX value value for PARA suggests a strong trend. |
PARA Chart- and CandleStick Pattern Analysis
PARA Technicals: Chart, Performance Metrics, Trend & Indicators
11.04
-0.71 (-6.04%)
PARAMOUNT GLOBAL-CLASS B / PARA TA FAQ
Can you provide the ChartMill technical rating for PARAMOUNT GLOBAL-CLASS B?
ChartMill assigns a technical rating of 0 / 10 to PARA.
Can you provide the trend direction for PARAMOUNT GLOBAL-CLASS B?
The current trend direction for PARAMOUNT GLOBAL-CLASS B (PARA) is Bearish.
What is the RSI signal for PARA stock?
PARAMOUNT GLOBAL-CLASS B (PARA) has an RSI value of 27.6812. This indicates that the stock is currently oversold.
What is the short term momentum for PARAMOUNT GLOBAL-CLASS B (PARA) stock?
The short term momentum for PARAMOUNT GLOBAL-CLASS B (PARA) is negative.
What is the support and resistance level for PARA stock?
PARAMOUNT GLOBAL-CLASS B (PARA) has a support level at 10.34 and a resistance level at 11.93. Check the full technical report for our detailed analysis of PARA support and resistance levels.