Paramount Global (PARA, $11.43) price may drop as it broke higher Bollinger Band on Apr 24, 2025

#MoviesEntertainment, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap, #SP500
PARA - Paramount Global
Bollinger signal
Bearish Trend
79%
Odds of DOWN Trend
Price: $11.43
Daily change: +$0.23 (+2.05%)
Daily volume: 7.7M
Capitalization: $8.1B
Industry: Movies/Entertainment

This price move could be a signal that PARA may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 43 similar cases where PARA's price broke its higher Bollinger Band, and 34 of them led to a successful outcome. Odds of Success: 79%.