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Liberty Media Corporation Series C Stock Forecast NASDAQ:FWONK

$61.29 (-0.71%)

Volume: 754k

Closed: Dec 08, 2021

Hollow Logo Score: 2.827

Liberty Media Corporation Series C Stock Forecast

$61.29 (-0.71%)

Volume: 754k

Closed: Dec 08, 2021

Score Hollow Logo 2.827
Which way will FWONK go? Request
Stop-loss: $58.63 (-4.34%)
Key Stats
Beta 0.92
* 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 55 and the stock is currently not being overbought or oversold

Liberty Media Corporation Series C stock price ended on $61.29 on Wednesday after losing 0.71%
(Updated on Dec 08, 2021)


Buy or Hold candidate since 2021-09-22 Gain 21.32%

The Liberty Media Corporation Series C stock price fell by -0.71% on the last day (Wednesday, 8th Dec 2021) from $61.73 to $61.29. and has now fallen 3 days in a row. During the day the stock fluctuated 2.19% from a day low at $60.86 to a day high of $62.19. The price has been going up and down for this period, and there has been a 1.22% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 754 thousand shares were bought and sold for approximately $46.24 million.

The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.91% during the next 3 months and, with a 90% probability hold a price between $75.72 and $79.28 at the end of this 3-month period.

Signals & Forecast

The Liberty Media Corporation Series C 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 $60.91 and $58.45. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, December 06, 2021, and so far it has fallen -1.22%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Liberty Media Corporation Series C finds support from accumulated volume at $60.92 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 $1.33 between high and low, or 2.19%. For the last week the stock has had a daily average volatility of 3.15%.

Our recommended stop-loss: $58.63 (-4.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Is Liberty Media Corporation Series C stock A Buy?

Several short-term signals, along with a general good trend, 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 C stock to perform well in the short-term.

Current score: 2.827

Predicted Opening Price for Liberty Media Corporation Series C of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$61.45 $61.29 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 01, 2021 "JPMorgan Chase & Co." gave "$51.00 - $60.00" rating for FWONK. The price target was set to $56.44+1.1%.

Volatility and Risk
Daily Average Volatility: 3.15 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.15 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $61.73
Price: $61.29
Support: $60.92

FWONK Insider Trading Show all Trades

INSIDER POWER

14.024

Last 100 transactions
Buy: 10 872 919 | Sell: 775 335 (Shares)
Date Action Amount Person Type
Dec 08, 2021 Sell 1 311 Gilchrist Malcolm Ian Grant Stock Option (Right to Buy) - FWONK
Dec 08, 2021 Sell 4 223 Gilchrist Malcolm Ian Grant Stock Option (Right to Buy) - LSXMK
Dec 08, 2021 Sell 2 419 Gilchrist Malcolm Ian Grant Stock Option (Right to Buy) - FWONK
Dec 08, 2021 Sell 596 Gilchrist Malcolm Ian Grant Stock Option (Right to Buy) - BATRK
Dec 08, 2021 Sell 2 050 Gilchrist Malcolm Ian Grant Series C Liberty SiriusXM Common Stock
Show all Insider Trades
INSIDER POWER

14.024

Last 100 transactions
Buy: 10 872 919 | Sell: 775 335 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 62.78 2.43 %
62.27 1.60 %
61.95 1.08 %
Current price: 61.29
Support 60.94 -0.57 %
60.62 -1.09 %
60.12 -1.91 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
62.05 1.24 %
61.73 0.72 %
Current price 61.29
Support 60.92 -0.60%
60.55 -1.21%
57.14 -6.77%

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