Liberty Media Corporation Series C Stock Forecast
Evaluation of Liberty Media Corporation Series C stock downgraded after the last trading session.
(Updated on Apr 16, 2024)
The Liberty Media Corporation Series C stock price fell by -0.353% on the last day (Tuesday, 16th Apr 2024) from $67.90 to $67.66. During the last trading day the stock fluctuated 2.02% from a day low at $66.80 to a day high of $68.15. The price has been going up and down for this period, and there has been a 2.25% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -810 thousand shares and in total, 547 thousand shares were bought and sold for approximately $37.02 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.85% during the next 3 months and, with a 90% probability hold a price between $67.79 and $76.45 at the end of this 3-month period.
FWONK Signals & Forecast
There are mixed signals in the stock today. The Liberty Media Corporation Series C stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $67.84 and $68.83. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 3.23%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Liberty Media Corporation Series C stock
Liberty Media Corporation Series C finds support from accumulated volume at $67.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.35 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FWONK) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Liberty Media Corporation Series C to open at $67.54, and during the day (based on 14 day Average True Range), to move between $66.03 and $69.29, which gives a possible trading interval of +/-$1.63 (+/-2.41%) up or down from last closing price. If Liberty Media Corporation Series C takes out the full calculated possible swing range there will be an estimated 4.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $67.70 (0.06%) than the support at $67.25 (0.61%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Liberty Media Corporation Series C stock A Buy?
Liberty Media Corporation Series C holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.885 Sell Candidate Downgraded
Predicted Opening Price for Liberty Media Corporation Series C of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| $67.54 ( 0.182%) | $67.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FWONK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.89 | 1.81 % | |
| R2 | 68.37 | 1.05 % | ||
| R1 | 68.05 | 0.580 % | ||
| Current price: | 67.66 | |||
| Support | S1 | 67.02 | -0.94 % | |
| S2 | 66.70 | -1.42 % | ||
| S3 | 66.19 | -2.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.89 | 3.30 % | |
| R2 | 68.22 | 0.83 % | ||
| R1 | 67.70 | 0.0591 % | ||
| Current price | 67.66 | |||
| Support | S1 | 67.25 | -0.606% | |
| S2 | 65.60 | -3.04% | ||
| S3 | 65.54 | -3.13% |
FAQ
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