PARAMOUNT GLOBAL-CLASS B (PARA) Stock Technical Analysis
NASDAQ:PARA - Nasdaq - US92556H2067 - Common Stock - Currency: USD
Taking everything into account, PARA scores 7 out of 10 in our technical rating. Although PARA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
PARA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
PARA has an average volume of 8288990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, PARA turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
PARA is an average performer in the Media industry, it outperforms 65% of 96 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 has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 11.82, a Stop Loss order could be placed below this zone. 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
10.05
12.27
3 important support areas can be observed.
- A support zone ranging from 11.49 to 11.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.90 to 10.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.15 to 10.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @11.91 from a trend line in the weekly time frame.
- A resistance zone ranging from 12.14 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
CRS55.15
Mansfield0.33
10 Day High12.09
10 Day Low11.45
20 Day High12.09
20 Day Low11.06
52 Week High13.05
52 Week Low9.54
Performance
1 Week-1%
2 Weeks3.22%
1 Month8.11%
3 Month3.31%
6 Month9.1%
12 Month-0.75%
2 Year-21.96%
3 Year-65.42%
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)0.01
RSI(14)57.13
LBB11.29
UBB12.14
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 |
|---|---|---|---|
| 11.92 | 11.48 | 0.44 (3.69%) | 25.00% |
| An entry @11.92. This is a Buy Stop order right above the resistance zone. | An exit @11.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.44 points, which is 3.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- 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.
11.87
+0.09 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.76%
1 Week-1%
2 Weeks3.22%
1 Month8.11%
3 Month3.31%
6 Month9.1%
12 Month-0.75%
2 Year-21.96%
3 Year-65.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%2.23%
ATR Inc-25.87%
Range Today0.15
ADR(20)0.26
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.15
Mansfield0.33
10 Day High12.09
10 Day Low11.45
20 Day High12.09
20 Day Low11.06
52 Week High13.05
52 Week Low9.54
CS1 End11.82
CR1 Start11.91
Volume & EV
DER(3)-0.02%
DER(5)3.33%
Volume5.25M
Volume Incr-8.09%
Vol(5)6.93M
Vol(50)8.29M