Paramount Global (PARAA, $26.1) price may drop as it broke higher Bollinger Band on May 02, 2024

A.I.dvisor
at Tickeron.com
05/03/24
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PARAA - Paramount Global
Bollinger signal
Bearish Trend
Odds of DOWN Trend
Bollinger signal
Price: $26.1
Daily change: +$4.64 (+21.62%)
Daily volume: 255.4K
Capitalization: $9.8B
Industry: Movies/Entertainment
This price move could be a signal that PARAA 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 40 similar cases where PARAA's price broke its higher Bollinger Band, and of them led to a successful outcome. Odds of Success:
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PARAADaily Signal changed days agoGain/Loss if shorted
 
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General Information

a mass media company, which creates and distributes content across a variety of platforms to audiences around the world.

Industry MoviesEntertainment

Profile
Fundamentals
Details
Industry
N/A
Address
1515 Broadway
Phone
+1 212 258-6000
Employees
21900
Web
https://www.paramount.com