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AirMedia Group Inc Stock Forecast NASDAQ:AMCN

$2.20 (2.33%)

Volume: 44k

Closed: Nov 26, 2021

Hollow Logo Score: -1.737

AirMedia Group Inc Stock Forecast

$2.20 (2.33%)

Volume: 44k

Closed: Nov 26, 2021

Score Hollow Logo -1.737
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 44 and the stock is currently not being overbought or oversold

Green day on Friday for AirMedia Group Inc
(Updated on Nov 26, 2021)

Sell candidate since 2021-10-28 Loss -5.98%

The AirMedia Group Inc stock price gained 2.33% on the last trading day (Friday, 26th Nov 2021), rising from $2.15 to $2.20. During the day the stock fluctuated 8.78% from a day low at $2.05 to a day high of $2.23. The price has risen in 6 of the last 10 days, but is still down by -4.35% for this period. Volume fell on the last day by -14 thousand shares and in total, 44 thousand shares were bought and sold for approximately $96.61 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.50% during the next 3 months and, with a 90% probability hold a price between $1.51 and $1.76 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, November 18, 2021, and so far it has risen 10.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AirMedia Group Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $2.31. On a fall, the stock will find some support from the short-term average at $2.10. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

AirMedia Group Inc finds support from accumulated volume at $2.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.18 between high and low, or 8.78%. For the last week the stock has had a daily average volatility of 7.22%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is AirMedia Group Inc stock A Buy?

AirMedia Group Inc 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.

Current score: -1.737

Predicted Opening Price for AirMedia Group Inc of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$2.16 $2.20 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 7.22 %
Overall Risk: Very High High Medium Low Very Low
7.22 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $2.23
Price: $2.20
Support: $2.18

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.34 6.36 %
2.27 3.24 %
2.23 1.31 %
Current price: 2.20
Support 2.09 -4.94 %
2.05 -6.87 %
1.98 -10.00 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.53 15.11 %
2.26 2.73 %
2.23 1.36 %
Current price 2.20
Support 2.18 -0.91%
2.09 -5.00%
2.03 -7.73%

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About AirMedia Group Inc

AirMedia Group Inc. operates out-of-home advertising platforms primarily in the People's Republic of China. The company operates a network of digital TV screens on planes operated by five airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations. It also displays non-advertising content, such as weather, sports, and comedy clips; and television programs, including documentaries and hidden camera... Read more

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