USA - NASDAQ:PARAA - US92556H1077 - Common Stock
Overall PARAA gets a technical rating of 0 out of 10. PARAA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of PARAA 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.
16.74
When analyzing the resistance we notice one important area.
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 PARAA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PARAA is down. |
| ChartMill Relative Strength | 8.49 | NEGATIVE | PARAA has a low relative strength, it was outperformed by 91.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PARAA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PARAA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PARAA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 14.28 | OVERSOLD | The low RSI value suggests PARAA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests PARAA has a negative trend. |
| Stochastics (14,3) | 5.9 | OVERSOLD | The low Stochastics value suggests PARAA may be oversold. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for PARAA suggests some volalility. |
| Average Directional Index/ADX (14) | 40.32 | POSITIVE | The high ADX value value for PARAA suggests a strong trend. |
16.91
-0.96 (-5.37%)
ChartMill assigns a technical rating of 0 / 10 to PARAA.
The current trend direction for PARAMOUNT GLOBAL-CLASS A (PARAA) is Bearish.
PARAMOUNT GLOBAL-CLASS A (PARAA) has an RSI value of 14.2768. This indicates that the stock is currently oversold.
PARAMOUNT GLOBAL-CLASS A (PARAA) has a resistance level at 22.42. Check the full technical report for our detailed analysis of PARAA support and resistance levels.