AMC Networks Inc. Stock Forecast
AMC Networks Inc. stock upgraded to Sell Candidate.
(Updated on May 26, 2023)
The AMC Networks Inc. stock price gained 1.17% on the last trading day (Friday, 26th May 2023), rising from $11.96 to $12.10. During the last trading day the stock fluctuated 4.74% from a day low at $11.72 to a day high of $12.28. The price has fallen in 7 of the last 10 days and is down by -13.57% for this period. Volume fell on the last day by -119 thousand shares and in total, 547 thousand shares were bought and sold for approximately $6.62 million. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.85 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -29.82% during the next 3 months and, with a 90% probability hold a price between $8.32 and $11.38 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.
AMCX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 25, 2023, and so far it has risen 1.17%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AMC Networks Inc. 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 $12.89 and $15.97. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AMC Networks Inc. stock
AMC Networks Inc. finds support from accumulated volume at $11.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.555 between high and low, or 4.74%. For the last week, the stock has had daily average volatility of 5.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMCX) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect AMC Networks Inc. to open at $12.03, and during the day (based on 14 day Average True Range), to move between $11.25 and $12.95, which gives a possible trading interval of +/-$0.85 (+/-7.04%) up or down from last closing price. If AMC Networks Inc. takes out the full calculated possible swing range there will be an estimated 14.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.96 (1.16%) than the resistance at $13.38 (10.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AMC Networks Inc. stock A Buy?
AMC Networks Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.249 Open Broker Account
Sell Candidate UpgradedPredicted Opening Price for AMC Networks Inc. of Tuesday, May 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price May 30, 2023 | Current price |
|---|---|
| $12.03 | $12.10 (Overvalued) |
Remember To Visit Our YouTube Channel
Trading levels for AMCX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.59 | 4.02 % | |
| R2 | 12.37 | 2.27 % | ||
| R1 | 12.24 | 1.19 % | ||
| Current price: | 12.10 | |||
| Support | S1 | 11.82 | -2.32 % | |
| S2 | 11.69 | -3.40 % | ||
| S3 | 11.48 | -5.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.06 | 24.46 % | |
| R2 | 14.66 | 21.16 % | ||
| R1 | 13.38 | 10.58 % | ||
| Current price | 12.10 | |||
| Support | S1 | 11.96 | -1.16% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy AMC Networks Inc. Stock.
About AMC Networks Inc.
AMC Networks Inc., an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, Domestic Operations, and International and Other. The Domestic Operations segment operates various national programming networks, including the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV... AMCX Profile
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
