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 those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the PARA 200 day moving average ("PARA 200 DMA"), while one of the most popular "shorter look-backs" is the PARA 50 day moving average ("PARA 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Paramount Global. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the PARA 200 DMA and the PARA 50 DMA, we get a moving average convergence divergence indicator ("PARA MACD"). The PARA MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis