Is Paramount Skydance Corp. technically bullish or bearish?
As of October 1, 2023, Paramount Skydance Corp. shows a mildly bullish technical stance with strong performance, having returned 32.41% over the past month and 70.89% year-to-date, despite a bearish monthly RSI.
As of 1 October 2023, the technical stance for Paramount Skydance Corp. is mildly bullish. Key indicators include a bullish MACD on the weekly timeframe and a mildly bullish MACD on the monthly timeframe. The Bollinger Bands also show a bullish signal on the monthly and mildly bullish on the weekly. Moving averages indicate a bullish trend on the daily. However, the monthly RSI is bearish, which tempers the overall bullish sentiment. In terms of performance, the stock has outperformed the S&P 500 significantly over the past month with a return of 32.41% compared to the S&P 500's 2.33%, and year-to-date, it has returned 70.89% versus the S&P 500's 12.22%.
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