Liberty Media Corporation Series C Stock Forecast
Liberty Media Corporation Series C stock upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Liberty Media Corporation Series C stock price gained 2.84% on the last trading day (Tuesday, 2nd Jul 2024), rising from $70.45 to $72.45. During the last trading day the stock fluctuated 3.17% from a day low at $70.31 to a day high of $72.54. The price has fallen in 5 of the last 10 days and is down by -0.3% for this period. Volume fell on the last day by -4 million shares and in total, 1 million shares were bought and sold for approximately $89.72 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 weak 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 7.88% during the next 3 months and, with a 90% probability hold a price between $76.10 and $83.47 at the end of this 3-month period.
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FWONK 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $72.02 and $72.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 2.84%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Liberty Media Corporation Series C stock
Liberty Media Corporation Series C finds support from accumulated volume at $72.07 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 $2.23 between high and low, or 3.17%. For the last week the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: $68.52 (-5.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (FWONK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Liberty Media Corporation Series C to open at $71.77, and during the day (based on 14 day Average True Range), to move between $70.92 and $73.98, which gives a possible trading interval of +/-$1.53 (+/-2.11%) up or down from last closing price. If Liberty Media Corporation Series C takes out the full calculated possible swing range there will be an estimated 4.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $72.07 (0.52%) than the resistance at $73.85 (1.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.736 Buy Candidate Upgraded
Predicted Opening Price for Liberty Media Corporation Series C of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $71.77 ( 0.94%) | $72.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FWONK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 74.00 | 2.13% |
| R2 | 73.14 | 0.96% |
| R1 | 72.62 | 0.233% |
| Price | 72.45 | |
| S1 | 70.91 | -2.12% |
| S2 | 70.39 | -2.85% |
| S3 | 69.54 | -4.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.55 | 4.28% |
| R2 | 74.14 | 2.33% |
| R1 | 73.85 | 1.93% |
| Price | 72.45 | |
| S1 | 72.07 | -0.524% |
| S2 | 71.84 | -0.84% |
| S3 | 70.45 | -2.76% |
FAQ
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