Strong Rebound for PSKY as Bulls Test Key Resistance Levels
$Paramount Skydance Corp(PSKY)$
$16.74 (+9.77%) — Breakout Reversal Attempt: Watch $17.5–$18 for Trend Confirmation
Paramount Skydance jumped +9.77% to $16.74, marking one of its strongest single-day rallies since early September.
The surge came on volume of ~15.65M vs. 11.78M average, confirming genuine buying interest after several weeks of consolidation near $15.
Drivers included bargain hunting ahead of earnings and renewed speculation over content licensing and streaming asset synergies.
Year-to-date, PSKY is up +60.0%, outperforming the media/entertainment sector average.
Technicals & 1-week view
Volume + MACD: momentum just turned positive—MACD (0.02) crossed above signal (-0.48), an early bullish inflection from deeply negative territory.
RSI (14) rebounded to ~55, up from oversold readings near 35 last week, confirming a short-term momentum shift.
EMA stack: price now sits above both 20-EMA ($16.05) and 50-EMA ($16.23) for the first time in nearly a month—an important technical recovery signal.
Key levels: support $15.89 / $15.00 / $14.63; resistance $17.38 / $17.80 / $18.50. A decisive close above $17.5 could confirm a short-term trend reversal targeting the $18–$19 range.
Valuation: currently trades at P/E (TTM) ≈ 558×, inflated by restructuring-related EPS suppression ($0.03 TTM) versus the S&P 500 ~25×. Beta ~1.18, showing moderate market sensitivity. Dividend yield 1.31% offers slight income support. Street 1-year target ≈ $14.58, though near-term sentiment could diverge sharply if fundamentals stabilize. Base case target $17.8–$18.5, stretch $19–$20 on follow-through buying.
Risk & Disclaimer
High valuation volatility, uncertain post-merger execution, and ad-spending cyclicality remain major risks. Technical commentary only, derived from TradingView & Yahoo Finance data (Nov 7 close); not investment advice.
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