Paramount Global : The mid-term trend could accelerate in few sessions
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$33.83 | $0 | $30.61 | -100% |
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of 2.54 USD per share for the current year.
Graphically, buyer flows are reduced. If the trend is now bearish in the short term, profit taking is part of a rebound on the USD 33 and therefore does not affect the upward trend in the medium and long term.
Consequently, we expect a decline toward USD 33. The most active investors can buy the share in this area and target a return toward USD 36.5. A stop loss can be placed under the USD 33 support.