PARAMOUNT GLOBAL-CLASS B (PARA) Stock Technical Analysis
NASDAQ:PARA - US92556H2067 - Common Stock
11.04 USD
-0.71 (-6.04%)
11.17 USD
+0.13 (+1.18%)
We assign a technical rating of 0 out of 10 to PARA. 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 short term trend is negative, the long term trend is neutral. Not much exciting going on here.
PARA is part of the Media industry. There are 98 other stocks in this industry, PARA did better than 56% 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.
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
9.98
13.29
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.
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. |
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)
11.04
-0.71 (-6.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-6.04%
1 Week-16.99%
2 Weeks-16.36%
1 Month-12.45%
3 Month-7.54%
6 Month3.86%
12 Month7.18%
2 Year-26.84%
3 Year-52.8%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%4.13%
ATR Inc84.96%
Range Today0.78
ADR(20)0.41
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.03
Mansfield-0.85
10 Day High13.59
10 Day Low10.87
20 Day High13.59
20 Day Low10.87
52 Week High13.59
52 Week Low9.95
CS1 End10.34
CR1 Start11.93
Volume & EV
DER(3)-4.74%
DER(5)-2.17%
Volume75.62M
Volume Incr106.83%
Vol(5)22.99M
Vol(50)10.71M