Technical Analysis for PARAP - Paramount Global - 5.75% Series A Mandatory Convertible Preferred Stock

Grade Last Price % Change Price Change
F 13.74 1.33% 0.18
PARAP closed up 1.33 percent on Thursday, March 28, 2024, on 8.88 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
Earnings due: Apr 29
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Calm After Storm Range Contraction 0.00%
Pocket Pivot Bullish Swing Setup 1.33%
Volume Surge Other 1.33%
Calm After Storm Range Contraction 1.33%
Calm After Storm Range Contraction 3.08%
NR7 Range Contraction 3.08%

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Profile

Paramount Global - 5.75% Series A Mandatory Convertible Preferred Stock 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 PARAP 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 23.861
52 Week Low 12.0694
Average Volume 131,212
200-Day Moving Average 15.83
50-Day Moving Average 14.32
20-Day Moving Average 13.26
10-Day Moving Average 13.52
Average True Range 0.57
RSI (14) 50.74
ADX 16.19
+DI 32.17
-DI 20.83
Chandelier Exit (Long, 3 ATRs) 13.14
Chandelier Exit (Short, 3 ATRs) 13.78
Upper Bollinger Bands 14.42
Lower Bollinger Band 12.10
Percent B (%b) 0.71
BandWidth 17.54
MACD Line -0.14
MACD Signal Line -0.26
MACD Histogram 0.12
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.27
Resistance 3 (R3) 14.29 14.15 14.18
Resistance 2 (R2) 14.15 14.01 14.13 14.15
Resistance 1 (R1) 13.94 13.93 14.05 13.92 14.12
Pivot Point 13.80 13.80 13.85 13.78 13.80
Support 1 (S1) 13.59 13.66 13.70 13.57 13.36
Support 2 (S2) 13.45 13.58 13.43 13.33
Support 3 (S3) 13.24 13.45 13.30
Support 4 (S4) 13.22