Question 1

What implications does the 10-day RSI indicator have for PARA?

Accepted Answer

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PARA's RSI Indicator exited the oversold zone, 27 of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 2

What does the Stochastic Oscillator suggest about PARA's trend?

Accepted Answer

The Stochastic Oscillator for PARA moved into overbought territory on August 19, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Question 3

How did PARA's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 16, 2024. You may want to consider a long position or call options on PARA as a result. In 53 of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for PARA?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for PARA just turned positive on August 16, 2024. Looking at past instances where PARA's MACD turned positive, the stock continued to rise in 27 of 41 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What is the significance of the 50-day moving average indicator for PARA?

Accepted Answer

PARA moved above its 50-day moving average on August 16, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What is the significance of the 10-day moving average indicator for PARA?

Accepted Answer

The 10-day moving average for PARA crossed bearishly below the 50-day moving average on August 05, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 7

What does a 3-day price advance indicate for PARA?

Accepted Answer

Following a +1.00% 3-day Advance, the price is estimated to grow further. Considering data from situations where PARA advanced for three days, in 217 of 305 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 8

What does a 3-day decline signify for PARA's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PARA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 9

What does PARA breaking above its upper Bollinger Band indicate?

Accepted Answer

PARA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 10

How does the Aroon Indicator reflect on PARA's trend?

Accepted Answer

The Aroon Indicator for PARA entered a downward trend on August 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

PARA Stock Paramount Global (PARA, $11.97) price exceeded its 50-day Moving Average on June 06, 2024

PARA's Stochastic Oscillator reaching into overbought zone

General Information