Paramount Global (PARA) stock declined during a highly volatile session, as the stock attempted to take profits from previous gains while also trying to build positive momentum that could help it recover and rise again. This move coincided with efforts to relieve its clearly overbought Stochastic conditions, especially with emerging bearish signals, all while remaining under the influence of a medium-term uptrend and trading along a short-term ascending trendline, supported by continued positive momentum from trading above the 50-day simple moving average.

Therefore, we expect the stock to rise in upcoming sessions, as long as support at $12.50 holds, targeting the resistance level at $14.50.

Todays price forecast: Bullish.