AMCN Forecast and Technical Stock Analysis
Hold candidate since 2019-09-16 PDF
AirMedia Group Inc fell by -0.48% in the last day ( Monday, 16th Sep 2019 ) from $1.04 to $1.04 During the day the stock fluctuated 0.47% from a day low at $1.04 to a day high of $1.04. The price has risen in 6 of the last 10 days and is up by 11.18% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -41 372 shares and in total 559 shares bought and sold for approximately $578.62.
- 30 day high of the AMCN stock price was $1.07 and low was $0.90.
- 90 day high was $1.73 and low was $0.90.
- 52 week high for AirMedia Group Inc - $2.49 and low - $0.18.
AirMedia Group Inc has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $1.03, a level that may pose a second chance to hit a runner. According to fan-theory $1.54 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
AirMedia Group Inc holds buy signals from both short- and long-term moving averages, 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 $0.99 and $1.03. A break down 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 sales signal was issued from a pivot top point on Friday September 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 59 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
AirMedia Group Inc finds support from accumulated volume at $1.01.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $0.99 (-4.42%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)
4.48 %Average volatility
Very Low Low Medium High Very High
AirMedia Group Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|AMCN $1.04 ($-0.01 -0.48%)|
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