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AMC Networks Inc. Stock Forecast NASDAQ:AMCX

$38.55 (4.08%)

Volume: 436k

Closed: Dec 03, 2021

Hollow Logo Score: -3.117

AMC Networks Inc. Stock Forecast

$38.55 (4.08%)

Volume: 436k

Closed: Dec 03, 2021

Score Hollow Logo -3.117
Which way will AMCX go? Request
Key Stats
P/E Ratio 3.61
Beta 1.04
* 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 30 and the stock is currently not being overbought or oversold

Green day on Friday for AMC Networks Inc. stock after gaining 4.08%
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The AMC Networks Inc. stock price gained 4.08% on the last trading day (Friday, 3rd Dec 2021), rising from $37.04 to $38.55. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 5.84% from a day low at $36.67 to a day high of $38.81. The price has fallen in 6 of the last 10 days and is down by -13.08% for this period. Volume fell on the last day by -104 thousand shares and in total, 436 thousand shares were bought and sold for approximately $16.79 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.

The stock lies in the middle of a very 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 -10.94% during the next 3 months and, with a 90% probability hold a price between $31.40 and $42.20 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The AMC Networks 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 $43.28. On a fall, the stock will find some support from the short-term average at $38.52. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 8.78%. 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.

Support, Risk & Stop-loss

AMC Networks Inc. finds support from accumulated volume at $37.04 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.14 between high and low, or 5.84%. For the last week, the stock has had a daily average volatility of 7.28%.

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

Is AMC Networks Inc. stock A Buy?

AMC Networks 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: -3.117

Predicted Opening Price for AMC Networks Inc. of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$38.01 $38.55 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 10, 2021 "Deutsche Bank Aktiengesellschaft" gave "$45.00 - $48.00" rating for AMCX. The price target was set to $48.92+0.4%.

Volatility and Risk
Daily Average Volatility: 7.28 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.28 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $38.61
Price: $38.55
Support: $37.04

AMCX Insider Trading Show all Trades

INSIDER POWER

0.826

Last 100 transactions
Buy: 952 915 | Sell: 1 153 057 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Sell 1 300 Sapan Joshua W AMC Networks Inc. Class A Common Stock
Dec 01, 2021 Sell 11 580 Sapan Joshua W AMC Networks Inc. Class A Common Stock
Dec 01, 2021 Sell 8 700 Sapan Joshua W AMC Networks Inc. Class A Common Stock
Dec 01, 2021 Sell 4 900 Sapan Joshua W AMC Networks Inc. Class A Common Stock
Dec 01, 2021 Sell 13 520 Sapan Joshua W AMC Networks Inc. Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.826

Last 100 transactions
Buy: 952 915 | Sell: 1 153 057 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 40.15 4.15 %
39.33 2.03 %
38.83 0.72 %
Current price: 38.55
Support 37.19 -3.52 %
36.69 -4.83 %
35.87 -6.95 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 47.68 23.68 %
46.49 20.60 %
38.61 0.16 %
Current price 38.55
Support 37.04 -3.92%
35.44 -8.07%
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About AMC Networks Inc.

AMC Networks AMC Networks Inc. engages in the ownership and operation of various cable television’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks, and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV n... Read more

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