Paramount Global (PARA) rose in its latest intraday trading, supported by positive signals on the RSI despite reaching extremely overbought levels. The price succeeded in breaking above the key resistance of 243.40, aided by dynamic support from trading above its 50-day SMA and under the control of a short-term corrective uptrend along a rising trend line.

Therefore, we expect the stock to advance in its upcoming sessions, as long as it holds above 243.40, targeting its first resistance level at 268.40.

Todays price forecast: Bullish.