Paramount Globals stock price (PARA) rose in latest intraday trading, amid the dominance of the upward short-term trend, with ongoing positive pressure due to trading above the 50-day SMA, while the stock managed to vent off overbought saturation in the Stochastic, granting the price room to achieve more gains.

Therefore we expect the price to rise and target the resistance of $12.55, provided the support of $11.60 holds on.

Todays price forecast: Bullish