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Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PARA stock price surged more than 3% intraday on Thursday, 14th September 2023.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Paramount Global stock (NASDAQ: PARA) trades near a three-year low price.&nbsp;</a> </li> 
 <li> <span>3</span> <a>The Analysts offering a 1-year price forecast estimated a potential of 120% on the positive side.&nbsp;</a> </li> 
</ul> 
<p>Paramount Global (PARA) stock price crashed nearly 30% in the last 6 months. The stock price registered a new record low on Thursday, 7 September breaking below the previous low of $14. The price declined near a three-year low.&nbsp;</p> 
<p>Analysts offering a 1-year price forecast for Paramount Global are bullish with a potential of 120% on the upside that could lead the price to a high of $32. As per the analysts, the stock may show an average gain of 32% while it might show a drawdown of 13% that could drag the price to $12.&nbsp;</p> 
<p>The price analysis of PARA stock illustrates that the price chart had been in a continuous declining trend after the breakdown of the 200-day EMA. The 200-day EMA acted as a major resistance for the price recovery and the price declined. The PARA stock has wiped out more than 30% of its value in the last 3 months.</p> 
<p>The daily chart illustrates that the PARA stock tried to sustain near the previous demand zone and consolidated. However, the bulls could not hold more and the price slipped down to the lower demand zone of $12.</p> 
<div class="wp-block-image"> 
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  <img decoding="async" loading="lazy" width="1024" height="512" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-425-1024x512.png" alt="PARA Stock Price Has Potential To Reach $32, Suggests Analysts?" class="wp-image-168164" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-425-1024x512.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-425-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-425-768x384.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-425-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-425-750x375.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-425-1140x570.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-425.png 1493w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    &nbsp;Source: tradingview.com 
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 </figure> 
</div> 
<p>PARA stock option-chain analysis states that the current implied volatility in the market is 41.72% with a decrement of 0.73% in the last trading session. The At-the-money strike has an OI of 10,872 on the CALL side and 1972 on the PUT side indicating the sellers dominating at the CMP.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-para-stock-price-crashed-to-hit-a-three-year-record-low-strong"><strong>PARA Stock Price Crashed to Hit A Three Year Record Low&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-426-1024x478.png" alt="" class="wp-image-168165" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-426-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-426-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-426-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-426-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-426-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-426-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-426.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Paramount Global &nbsp; 1D. NASDAQ By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The PARA stock price currently trades at $13.72 and is near the recent swing low. The price is struggling to recover from the lower swing.&nbsp;&nbsp;</p> 
<p>The price trend is favoring the bears as they are dominating the trend. The stock price needs strong buying volume to counter the bearish trend. However, the failure of bulls might turn bears aggressive and the price may decline to the lower levels.</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-weakness-over-the-chart-strong"><strong>Technical Indicators Show Weakness over the Chart</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-427-1024x478.png" alt="" class="wp-image-168166" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-427-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-427-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-427-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-427-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-427-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-427-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-427.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Paramount Global &nbsp; 1D. NASDAQ By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily PARA stock price chart shows that the price is trading below the key moving average of 50 and 200-day EMA. Also, the EMA is acting as a dynamic resistance for the stock price.&nbsp;</p> 
<p>The overall technical opinion rating for the PARA Stock price trend including RSI and MACD signals a 90% sell with a strong short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/07/para-stock-shows-declining-trend-can-overselling-leads-to-end/" rel="noopener noreferrer nofollow">Paramount Global </a>&nbsp;(PARA) stock dropped 30% in the last 6 months and reached a new record low of $14. The analysts favor the bullish side with a 1-year price forecast of $32 but the price trend is bearish and the technical indicators signal a sell. The price is trading below the key moving averages and faces resistance from the 200-day EMA. The price needs strong buying volume to reverse the trend, otherwise, it may fall to lower levels.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $12.30 and $10.18</li> 
 <li><strong>Resistance levels:</strong> $15.59 and $16.61</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

PARA Stock Price Has Potential To Reach $32, Suggests Analysts?

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