Viacom provides entertainment through television, film, direct-to-consumer streaming, digital media, live events, merchandise and solutions. Co.'s segments are: Media Networks, which creates, acquires, distributes and sells programming and other content for its audiences, distributed through cable, satellite and broadband services, on linear, streaming, on-demand and transactional bases, for viewing on a range of devices such as televisions, PCs, tablets, smartphones and other connected devices; and Filmed Entertainment, which develops, produces, finances, acquires and distributes films, television programming and other entertainment content in various markets and media worldwide.
When researching a stock like Viacom, 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 VIAB 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 VIAB 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 VIAB 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. |