American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Paramount Global price readies to pierce pivotal support - Forecast today - 16-04-2024

Economies.com
2024-04-16 11:13AM UTC

Paramount Global’s stock price (PARA) inched down in the intraday levels, preparing to pierce the pivotal support of $10.65, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA.

 

Therefore we expect more losses for the stock, targeting the next support at $8.60, provided the pivotal support of $10.65 was reliably breached. 

 

Expected trading range: between the support of $$8.60 and the resistance of $10.65.

 

Trend forecast: Bearish 

 

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