Technical Analysis for PARAA - Paramount Global

Grade Last Price % Change Price Change
C 22.06 0.14% 0.03
PARAA closed up 0.14 percent on Wednesday, November 20, 2024, on 1.88 times normal volume. It was able to find support at its 50 day moving average. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Down

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Hammer Candlestick Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Gapped Up Strength 0.00%
20 DMA Support Bullish 0.14%
50 DMA Support Bullish 0.14%
Doji - Bullish? Reversal 0.14%
Down 3 Days in a Row Weakness 0.14%
Down 4 Days in a Row Weakness 0.14%

   Recent Intraday Alerts

Alert Time
20 DMA Support about 19 hours ago
50 DMA Support about 20 hours ago
Fell Below 50 DMA about 21 hours ago
Fell Below Previous Day's Low about 21 hours ago
Gap Up Closed about 21 hours ago

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Profile

Paramount Global Description

Paramount Global operates as a media and entertainment company worldwide. The company distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; acquires or develops, and schedules programming on the CBS Television Network that includes primetime comedies and dramas, reality, specials, kids' programs, daytime dramas, game shows, and late night programs; produces or distributes talk shows, court shows, game shows, and newsmagazines; owns and operates 29 broadcast television stations; and operates CBS Sports Network, a 24-hour cable channel that provides sports and related content, as well as streaming and cable subscription services. It also operates Paramount+, a digital subscription video on-demand and live streaming services; and creates and acquires programming for distribution and viewing on various media platforms, including subscription cable networks, subscription streaming, and premium and basic cable networks. In addition, the company develops, produces, finances, acquires, and distributes films. Paramount Global was formerly known as ViacomCBS Inc. and changed its name to Paramount Global in February 2022. The company was incorporated in 1986 and is headquartered in New York, New York.


Classification

Sector: Communication Services
Industry: Entertainment
Keywords: Telecommunications Television Mass Media Video On Demand Pay Television Media Platform Basic Cable Networks Cable Subscription Services On Demand And Live Streaming Services Paramount Pictures Paramount+ Pluto Tv Subscription Cable Networks Viacomcbs Viacomcbs Streaming

Is PARAA a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 26.2076
52 Week Low 16.5522
Average Volume 41,187
200-Day Moving Average 21.57
50-Day Moving Average 21.96
20-Day Moving Average 22.04
10-Day Moving Average 22.22
Average True Range 0.31
RSI (14) 49.75
ADX 22.7
+DI 26.42
-DI 23.07
Chandelier Exit (Long, 3 ATRs) 22.10
Chandelier Exit (Short, 3 ATRs) 22.60
Upper Bollinger Bands 22.56
Lower Bollinger Band 21.52
Percent B (%b) 0.52
BandWidth 4.72
MACD Line 0.08
MACD Signal Line 0.07
MACD Histogram 0.0049
Fundamentals Value
Market Cap 897.91 Million
Num Shares 40.7 Million
EPS -2.33
Price-to-Earnings (P/E) Ratio -9.47
Price-to-Sales 0.29
Price-to-Book 0.61
PEG Ratio 3.63
Dividend 0.58
Dividend Yield 2.63%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.57
Resistance 3 (R3) 22.55 22.36 22.49
Resistance 2 (R2) 22.36 22.23 22.37 22.46
Resistance 1 (R1) 22.21 22.15 22.12 22.23 22.43
Pivot Point 22.02 22.02 21.97 22.03 22.02
Support 1 (S1) 21.87 21.89 21.78 21.89 21.69
Support 2 (S2) 21.68 21.81 21.69 21.66
Support 3 (S3) 21.53 21.68 21.64
Support 4 (S4) 21.55