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(PARACABLES_BE) Paramount Comm complete technical analysis [charts+indicators] | Buy/Sell Paramount Comm | (PARACABLES_BE) share price targets

Complete technical analysis of Paramount Comm (PARACABLES_BE) by charts plus indicators, forecast predictions and share price targets for Paramount Comm (PARACABLES_BE)

Showing technical analysis as on 2024-05-02 View latest technical analysis

10 day averaged volume of Paramount Comm is 313492

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	75.55	72.05	75.90	71.25	2.12 times
30 Tue Apr 2024	73.85	77.50	77.50	72.30	2.429 times
29 Mon Apr 2024	76.10	78.10	78.95	75.00	1.433 times
26 Fri Apr 2024	77.80	79.00	79.00	77.40	0.797 times
25 Thu Apr 2024	77.40	78.00	79.40	76.40	1.011 times
24 Wed Apr 2024	77.55	80.00	80.90	76.35	1.262 times
23 Tue Apr 2024	79.25	80.00	81.40	78.95	0.928 times
24 Fri Nov 2023	62.30	62.70	63.00	61.25	0.513 times
23 Thu Nov 2023	61.75	63.00	63.00	60.50	0.515 times
22 Wed Nov 2023	62.35	63.50	64.00	61.25	0.593 times

Stock of Paramount Comm (PARACABLES_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 74.7, but if it comes below 74.7, then a intra day sell could be more profitable.
If you take a sell trade below 74.7, then use 74.7 as stoploss and 68.19 as target. However if you take a buy trade in stock , then use 74.7 as stoploss and 82.5 as target.

Share price targets for Paramount Comm (PARACABLES_BE)

Target Type	Value
Downside Target	51.50
Downside Target	55.00
Downside Target	59.00
Downside Target	60.50
Downside Target	64.00
Downside Target	66.50
Downside Target	68.50
Downside Target	71.25
Upside Target	75.90
Upside Target	76.25
Upside Target	76.35
Upside Target	78.95
Upside Target	81.40

Intraday share price targets for Paramount Comm (PARACABLES_BE)

Target Type	Value
Downside Intraday Target	71.55
Downside Intraday Target	67.55
Upside Intraday Target	79.25
Upside Intraday Target	82.95
Downside Intraday Target	75.25

Weekly technical analysis of Paramount Comm (PARACABLES_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	75.55	78.10	78.95	71.25	1.497 times
26 Fri Apr 2024	77.80	80.00	81.40	76.35	1.284 times
24 Fri Nov 2023	62.30	61.60	64.00	60.50	0.56 times
17 Fri Nov 2023	62.10	65.90	66.50	61.20	0.799 times
10 Fri Nov 2023	64.05	65.70	68.50	61.75	1.462 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Paramount Comm (PARACABLES_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	75.55	72.05	75.90	71.25	0.27 times
30 Tue Apr 2024	73.85	80.00	81.40	72.30	0.426 times
24 Fri Nov 2023	62.30	55.85	68.50	55.00	0.659 times
31 Tue Oct 2023	55.40	62.95	66.50	51.50	0.6 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Paramount Comm (PARACABLES_BE)

Price action analysis of Paramount Comm ( (PARACABLES_BE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Paramount Comm ( (PARACABLES_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Paramount Comm ( (PARACABLES_BE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Paramount Comm stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Paramount Comm in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Paramount Comm Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Paramount Comm in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Paramount Comm is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 74.22 and Paramount Comm (PARACABLES_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Paramount Comm (PARACABLES_BE) stock. Volume based technical analysis of Paramount Comm (PARACABLES_BE) stock is negative.

Paramount Comm Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.