| Ticker | Overall | Pattern | Senti. |
|---|
Paramount Global saw some selling pressure today and moved down -3.57% It looks like PARA may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line PARA is near a weak support line. We'll see if it bounces off or heads lower. PARA hasn't had very clear momentum over the last 3 months in either direction. Which makes it a little harder to predict. But hasn't shown the selling pressure to make
me feel certain it will break through the line.
If the price bounces off of the support and moves up it'll probably head up to the $11.67 level, at which point it may hit some selling pressure. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.
The analysts are pretty neutral on Paramount Global right now, so not much useful information here. The current Analysts Sentiment Score is -0.62. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Rosenblatt Securities announced a lowering of their price target to $9.00 from $12.00 on 2024-02-29. Needham & Company LLC announced that they are reiterating a rating of Buy on 2024-02-29 and they set their price target at $15.00. Benchmark provided a price target decease of -36.67% to $19.00 from $30.00 on 2024-02-29. Deutsche Bank Aktiengesel announced a lowering of their price target to $15.00 from $20.00 on 2024-02-28. Morgan Stanley announced a lowering of their price target to $10.00 from $11.00 on 2024-02-27. Redburn Atlantic released a downgrade on 2024-01-11 from Neutral to Sell and dropped their 1 year price target to $11.00 which is down from $17.00. Moffett Nathanson upgraded from Sell to Neutral on 2024-01-09 and they set their price target at $13.00. On 2023-12-20 Wells Fargo & Company upgraded Paramount Global from Underweight to Equal Weight and provided a price target boost 20% to $18.00 from $15.00. On 2023-12-08 there was a downgrade announced by Loop Capital from Hold to Sell and added a price target of $12.00. Bank of America released a downgrade on 2023-11-06 from Buy to Underperform and added a price target of $9.00.
| Company | Ratings Score
?
Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| PARA | -0.62 | 2.56 | -1.77 | 1.1 | -3.13 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| PARA | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
?
We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| PARA | 9.9 | %13.4 | 6.9 | -3.498 | 77260000 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| PARA |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
