Paramount Skydance Jumps 15.55% to Near Record High on Heavy Volume

Paramount Skydance (PSKY) concluded the most recent session with a substantial 15.55% surge, closing at $17.46 on exceptional volume of 48.5 million shares. This bullish breakout positioned PSKY near its all-time intraday high of $17.53 recorded on August 13, 2025, signaling potential continuation of the primary uptrend observed since the $9.95 low in early August.
Candlestick Theory
The current session formed a robust bullish marubozu candle with minimal upper wick ($17.58 high) and a close near the peak, reflecting intense buying pressure that dominated the trading period. Key resistance is now established at the historical high of $17.53, while critical support emerges near $15.00—a level that previously served as both resistance and psychological floor during late August consolidation. The $16.03-$16.00 double-top pattern from August 21-22 has been decisively breached, converting prior resistance into support.
Moving Average Theory
A bullish alignment is evident with the 10-day EMA ($15.16) crossing above the 20-day EMA ($14.68), confirming short-term momentum strength. The current close ($17.46) trades significantly above both averages, though limited historical data prevents calculation of traditional longer-term averages (50/100/200-day). Price remains above all calculable moving averages, with the $15.16 10-day EMA now serving as immediate dynamic support.
MACD & KDJ Indicators
While precise MACD values are constrained by limited data, the indicator’s trajectory implies building bullish momentum as the short-term EMA accelerates away from its longer counterpart. KDJ readings would likely demonstrate strong directional alignment given the oversold rebound from early August and consecutive higher highs. No bearish divergence is observable in the most recent phase, though extended vertical movements historically precede consolidation.
Bollinger Bands
The breakout occurred above the upper Bollinger Band ($16.82, 20-day basis), indicating statistically overextended conditions typically followed by mean reversion. This coincides with the band expansion from volatility contraction in early September. Current trading above the upper band may signal short-term overbought risks, with technical pullbacks toward the $16.03-$15.80 central band region appearing probable.
Volume-Price Relationship
The breakout is validated by exceptionally high volume (48.5M shares), significantly exceeding the 10-day average volume of approximately 10.2M shares. Volume expansion aligns with directional conviction, contrasting with the diminished volume during the September 8-10 consolidation period ($15.00-$15.20 range). This volume surge suggests institutional participation but warrants monitoring for sustainability given historical precedents—similar volume spikes occurred near interim tops on August 13 (133M shares) and August 21 (46.4M shares).
Relative Strength Index (RSI)
The 14-day RSI reading of approximately 63 reflects neutral territory despite the aggressive price surge, avoiding overbought thresholds and retaining upside potential. This divergence from extreme bullish territory typically signals room for continuation, though rapid appreciation historically correlates with volatility. The RSI’s recent recovery from oversold conditions below 30 in early August aligns with the emerging bullish structure.
Fibonacci Retracement
Using the $9.95 (August 11 low) to $17.58 (September 11 high) swing, key Fibonacci levels are established at $15.78 (23.6%), $14.67 (38.2%), and $13.77 (50%). The recent breakout surpasses the 23.6% retracement level, which now becomes significant support. Confluence exists near $14.67 where the 38.2% retracement intersects with the psychological $15.00 support and mid-August price congestion—a critical level for structural integrity.
Confluence & Divergence Synthesis
Multiple indicators confirm the $15.00-$15.20 zone as critical support, incorporating Fibonacci, moving average, and prior resistance/support convergences. However, Bollinger Bands and volatility metrics signal caution with the price exceeding statistical boundaries. The absence of bearish divergences in RSI and volume metrics supports the breakout’s validity, though limited historical data constrains longer-term trend validation. Traders should monitor $17.53 resistance for decisive breaks and $15.00 support for trend continuation probabilities, with high sensitivity to volume contraction.