Liberty Media Corp-Liberty SiriusXM Stock Forecast

Evaluation of Liberty Media Corp-Liberty SiriusXM stock downgraded after the last trading session.
(Updated on Jun 28, 2024)

LSXMB Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Liberty Media Corp-Liberty SiriusXM 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 $22.97. On a fall, the stock will find some support from the short-term average at $21.54. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Liberty Media Corp-Liberty SiriusXM stock

Liberty Media Corp-Liberty SiriusXM finds support from accumulated volume at $21.51 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.288%

The Liberty Media Corp-Liberty SiriusXM stock is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

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

Trading Expectations (LSXMB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Liberty Media Corp-Liberty SiriusXM to open at $21.79, and during the day (based on 14 day Average True Range), to move between $21.44 and $22.14, which gives a possible trading interval of +/-$0.349 (+/-1.60%) up or down from last closing price. If Liberty Media Corp-Liberty SiriusXM takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $21.51 (1.28%) than the resistance at $25.55 (17.26%), 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 Corp-Liberty SiriusXM stock A Buy?

Liberty Media Corp-Liberty SiriusXM 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.238 Sell Candidate Downgraded

Predicted Opening Price for Liberty Media Corp-Liberty SiriusXM of Monday, July 1, 2024

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