Paramount Globals stock price (PARA) fell in the intraday levels after the resistance of $13.80, with negative signals from the RSI after reaching overbought levels, while gathering positive momentum to rise anew, as it vents off overbought saturation in the RSI, amid the dominance of the upward correctional wave in the short term, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of $17.20, provided the initial resistance of $13.80 is reliably breached.

Trend forecast: Likely Bullish