| Paramount Global is a media and entertainment company that creates content for audiences worldwide. Co. operates through the following segments: TV Entertainment, which includes CBS Television Network, its domestic broadcast network, CBS Studios and CBS Media Ventures, the segment's television production and syndication operations, and CBS Sports Network, CBS Sports' cable channel; Cable Networks, which includes a portfolio of premium and basic cable networks, including SHOWTIME, BET, Nickelodeon, MTV, Paramount Network and Smithsonian Channel; and Filmed Entertainment, which consists of Paramount Pictures, Paramount Players, Paramount Animation, Paramount Television Studios and Miramax. |
When researching a stock like Paramount Global, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from PARA Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for PARA stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting PARA RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue.