Londinia Opportunities Analyses - 06/08/2023 (GMT) PARAMOUNT GLOBAL - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	PARAA
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 18.60 USD

My targets

19.99 USD (+4.44%)

20.29 USD (+5.99%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PARAMOUNT GLOBAL as long as the price remains well above 18.60 USD. The buyers' bullish objective is set at 19.99 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.29 USD. If there is any crossing, the next objective would be the resistance located at 22.12 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The PARAMOUNT GLOBAL price is 19.14 USD. The price registered an increase of +1.81% on the session with the lowest point at 18.45 USD and the highest point at 19.17 USD. The deviation from the price is +3.74% for the low point and -0.16% for the high point.

18.45

19.17

19.14

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of PARAMOUNT GLOBAL indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.33	17.63	18.60	19.14	19.99	22.12	24.63
Change (%)	-14.68%	-7.89%	-2.82%	-	+4.44%	+15.57%	+28.68%
Change	-2.81	-1.51	-0.54	-	+0.85	+2.98	+5.49
Level	Major	Major	Minor	-	Minor	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.63	17.39	18.10	18.86	19.57	20.33	21.04
Camarilla	18.40	18.53	18.67	18.80	18.94	19.07	19.20
Woodie	16.60	17.38	18.07	18.85	19.54	20.32	21.01
Fibonacci	17.39	17.96	18.30	18.86	19.43	19.77	20.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.08	16.67	17.20	17.79	18.32	18.91	19.44
Camarilla	17.42	17.53	17.63	17.73	17.83	17.94	18.04
Woodie	16.05	16.66	17.17	17.78	18.29	18.90	19.41
Fibonacci	16.67	17.10	17.36	17.79	18.22	18.48	18.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.17	9.12	13.34	20.29	24.51	31.46	35.68
Camarilla	14.50	15.52	16.55	17.57	18.59	19.62	20.64
Woodie	0.82	8.44	11.99	19.61	23.16	30.78	34.33
Fibonacci	9.12	13.38	16.02	20.29	24.55	27.19	31.46

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	62.52
MACD (12,26,9):	0.3200
Directional Movement:	15.52
AROON (14):	35.71
DEMA (21):	18.98
Parabolic SAR (0,02-0,02-0,2):	18.52
Elder Ray (13):	0.35
Super Trend (3,10):	18.48
Zig ZAG (10):	19.10
VORTEX (21):	1.1500
Stochastique (14,3,5):	64.40
TEMA (21):	19.13
Williams %R (14):	-31.74
Chande Momentum Oscillator (20):	1.07
Repulse (5,40,3):	1.0200
ROCnROLL:	1
TRIX (15,9):	0.2300
Courbe Coppock:	11.75

MA7:	18.08
MA20:	17.65
MA50:	21.72
MA100:	23.34
MAexp7:	18.93
MAexp20:	18.52
MAexp50:	18.13
MAexp100:	18.20
Price / MA7:	+5.86%
Price / MA20:	+8.44%
Price / MA50:	-11.88%
Price / MA100:	-17.99%
Price / MAexp7:	+1.11%
Price / MAexp20:	+3.35%
Price / MAexp50:	+5.57%
Price / MAexp100:	+5.16%

Quotes : - 15 min delayed data - Actions NASDAQ