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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMCX
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Volatile ride for AMC Networks Inc. stock price on Friday moving between $9.90 and $10.99
(Updated on Jun 21, 2024)

Sell candidate since Jun 17, 2024 Gain 7.36% PDF

The AMC Networks Inc. stock price gained 5.70% on the last trading day (Friday, 21st Jun 2024), rising from $10.35 to $10.94. During the last trading day the stock fluctuated 11.01% from a day low at $9.90 to a day high of $10.99. The price has fallen in 6 of the last 10 days and is down by -37.49% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately $146.24 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 39.82% during the next 3 months and, with a 90% probability hold a price between $13.97 and $27.24 at the end of this 3-month period.

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AMCX Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 11.46%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 $12.65 and $15.10. 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

On the downside, the stock finds support just below today's level from accumulated volume at $10.35 and $10.19. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AMC Networks Inc. finds support just below today's level at $10.35. If this is broken, then the next support from accumulated volume will be at $10.19 and $9.82.

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 $1.09 between high and low, or 11.01%. For the last week, the stock has had daily average volatility of 13.32%.

AMC Networks Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 Monday 24th

For the upcoming trading day on Monday, 24th we expect AMC Networks Inc. to open at $10.61, and during the day (based on 14 day Average True Range), to move between $9.74 and $12.14, which gives a possible trading interval of +/-$1.20 (+/-10.94%) up or down from last closing price. If AMC Networks Inc. takes out the full calculated possible swing range there will be an estimated 21.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.33 (3.56%) than the support at $10.35 (5.39%), 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 AMC Networks Inc. stock A Buy?

The AMC Networks Inc. stock holds several negative signals and despite the positive trend, we believe AMC Networks Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.462 Sell Candidate Unchanged

Predicted Opening Price for AMC Networks Inc. of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$10.61 ( 3.02%) $10.94

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

Trading levels for AMCX

Fibonacci Support & Resistance Levels

Level Price
R3 11.70 6.95%
R2 11.28 3.14%
R1 11.03 0.790%
Price 10.94
S1 10.19 -6.82%
S2 9.94 -9.17%
S3 9.52 -12.98%

Accumulated Volume Support & Resistance Levels

Level Price
R3 13.24 21.02%
R2 11.71 7.04%
R1 11.33 3.56%
Price 10.94
S1 10.35 -5.39%
S2 10.19 -6.86%
S3 9.82 -10.28%

FAQ

What is the symbol for AMC Networks Inc. Stock and on which exchange is it traded?
The symbol for AMC Networks Inc. is AMCX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell AMC Networks Inc. Stock?
The AMC Networks Inc. stock holds several negative signals and despite the positive trend, we believe AMC Networks Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy AMC Networks Inc. Stock?
AMC Networks Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AMC Networks Inc. Stock.

What's the current price of AMC Networks Inc. Stock?
As of the end of day on the Jun 21, 2024, the price of an AMC Networks Inc. (AMCX) share was $10.94.

What is the 52-week high and low for AMC Networks Inc. Stock?
The 52-week high for AMC Networks Inc. Stock is $20.97 and the 52-week low is $9.46.

What is the market capitalization of AMC Networks Inc. Stock?
As of the Jun 21, 2024, the market capitalization of AMC Networks Inc. is 481.833M.

When is the next earnings date for AMC Networks Inc.?
The upcoming earnings date for AMC Networks Inc. is Aug 02, 2024.
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About AMC Networks Inc.

AMC Networks. 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

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