PARAMOUNT GLOBAL-CLASS A (PARAA) Stock Technical Analysis
NASDAQ:PARAA - Nasdaq - US92556H1077 - Common Stock - Currency: USD
Taking everything into account, PARAA scores 0 out of 10 in our technical rating. PARAA'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, PARAA is a bad performer in the overall market: 92% of all stocks are doing better.
PARAA is part of the Media industry. There are 98 other stocks in this industry, of which 70% are performing better than PARAA.
PARAA is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month PARAA has a been trading in the 16.70 - 23.48 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.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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.
More info and screens
16.74
23.53
We found 1 important resistance area.
- A resistance zone ranging from 22.42 to 23.30. This zone is formed by a combination of multiple trend lines and important moving averages 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 PARAA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PARAA is down. |
| ChartMill Relative Strength | 8.61 | NEGATIVE | PARAA has a low relative strength, it was outperformed by 91.39% 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. |
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)
16.91
-0.96 (-5.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-5.37%
1 Week-27.39%
2 Weeks-27.17%
1 Month-26.67%
3 Month-24.78%
6 Month-24.44%
12 Month-26.92%
2 Year-7.9%
3 Year-36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%4.22%
ATR Inc41.72%
Range Today1.2
ADR(20)0.53
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.61
Mansfield-2.94
10 Day High23.45
10 Day Low16.7
20 Day High23.48
20 Day Low16.7
52 Week High24.5
52 Week Low16.7
CS1 EndN/A
CR1 Start22.42
Volume & EV
DER(3)0.86%
DER(5)-0.13%
Volume406.70K
Volume Incr286%
Vol(5)177.62K
Vol(50)49.59K