Paramount Globals stock price (PARA) fell in the intraday levels, while trying to gather positive momentum to rise anew, amid the dominance of the upward correctional wave in the short term, with positive signals from the RSI after reaching oversold levels, thus leaning on the support of the 50-day SMA.

Therefore we expect the stock to return higher, targeting the important resistance of $14.55, provided the support of $11.33 holds on.

Forecast today: Likely Bullish