Liberty Media Corporation Series A Stock Forecast
Red day on Tuesday for Liberty Media Corporation Series A
(Updated on Apr 30, 2024)
No changes to the price of Liberty Media Corporation Series A stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 2.48% from a day low at $61.59 to a day high of $63.12. The price has risen in 5 of the last 10 days and is up by 3.71% over the past 2 weeks.
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 $57.84 and $65.31 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
Mostly positive signals in the chart today. The Liberty Media Corporation Series A stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $61.82 and $60.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 6.26%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for Liberty Media Corporation Series A stock
Liberty Media Corporation Series A finds support from accumulated volume at $61.81 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 $1.53 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $58.79 (-5.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (FWONA) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Liberty Media Corporation Series A to open at $62.33, and during the day (based on 14 day Average True Range), to move between $60.97 and $63.57, which gives a possible trading interval of +/-$1.30 (+/-2.08%) 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 4.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $62.35 (0.13%) than the support at $61.81 (0.74%), 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.
Earnings coming up
Liberty Media Corporation Series A will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Liberty Media Corporation Series A, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.68% in the first trading day after earnings release.
Is Liberty Media Corporation Series A stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Liberty Media Corporation Series A stock to perform well in the short-term period.
Current score: 1.479 Buy Candidate Unchanged
Predicted Opening Price for Liberty Media Corporation Series A of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $62.33 ( 0.0910%) | $62.27 |
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 | 63.86 | 2.55 % | |
| R2 | 63.27 | 1.61 % | ||
| R1 | 62.91 | 1.03 % | ||
| Current price: | 62.27 | |||
| Support | S1 | 61.74 | -0.85 % | |
| S2 | 61.38 | -1.43 % | ||
| S3 | 60.80 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.55 | 5.27 % | |
| R2 | 62.55 | 0.450 % | ||
| R1 | 62.35 | 0.128 % | ||
| Current price | 62.27 | |||
| Support | S1 | 61.81 | -0.739% | |
| S2 | 60.85 | -2.28% | ||
| S3 | 60.03 | -3.60% |
FAQ
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