Liberty Media Corporation Series A Stock Forecast
Green day on Friday for Liberty Media Corporation Series A stock after gaining 1.46%
(Updated on Apr 19, 2024)
The Liberty Media Corporation Series A stock price gained 1.46% on the last trading day (Friday, 19th Apr 2024), rising from $59.66 to $60.53. During the last trading day the stock fluctuated 1.52% from a day low at $59.77 to a day high of $60.68. The price has fallen in 5 of the last 10 days and is down by -0.51% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 54 thousand shares were bought and sold for approximately $3.28 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Liberty Media Corporation Series A stock with a 90% probability to be traded between $57.69 and $65.08 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FWONA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 3.29%. 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). 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 Liberty Media Corporation Series A 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 $61.15. On a fall, the stock will find some support from the short-term average at $60.11. 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.
Support, Risk & Stop-loss for Liberty Media Corporation Series A stock
Liberty Media Corporation Series A finds support from accumulated volume at $60.03 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 $0.91 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $57.26 (-5.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (FWONA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Liberty Media Corporation Series A to open at $60.33, and during the day (based on 14 day Average True Range), to move between $59.18 and $61.88, which gives a possible trading interval of +/-$1.35 (+/-2.23%) up or down from last closing price. If Liberty Media Corporation Series A takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $60.85 (0.53%) than the support at $60.03 (0.83%), 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 A stock A Buy?
Liberty Media Corporation Series A holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.925 Hold/Accumulate Unchanged
Predicted Opening Price for Liberty Media Corporation Series A of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $60.33 ( 0.336%) | $60.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FWONA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.24 | 1.17 % | |
| R2 | 60.89 | 0.593 % | ||
| R1 | 60.67 | 0.238 % | ||
| Current price: | 60.53 | |||
| Support | S1 | 59.98 | -0.91 % | |
| S2 | 59.76 | -1.27 % | ||
| S3 | 59.42 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.55 | 3.34 % | |
| R2 | 61.81 | 2.11 % | ||
| R1 | 60.85 | 0.529 % | ||
| Current price | 60.53 | |||
| Support | S1 | 60.03 | -0.83% | |
| S2 | 59.70 | -1.37% | ||
| S3 | 59.59 | -1.55% |
FAQ
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