Monday May 20, 2019 Change 0.28% Price $1.82
Chart period: 2019-02-21 - 2019-05-20
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will AMCN stock price go up or down on Wed, 22 May 2019?

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AirMedia Group Inc Forecast and Stock Analysis

Technical AMCN stock analysis for Monday May 20, 2019.

Buy candidate since 2019-04-26 Loss -1.09%
Shorts n/a
Insider % n/a
Institutional % 1.80%
Beta 0.00
ROA -52.20%
Price to book USD 0.44
P/E Ratio -0.19
Next Earnings Date n/a


AirMedia Group Inc gained 0.28% in the last trading day ( Monday, 20th May 2019 ), rising from $1.82 to $1.82 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.68% from a day low at $1.79 to a day high of $1.82. The price has risen in 7 of the last 10 days , but is still down by -1.62% for this period. Volume fell in the last day by -5 157 shares, and in total, 6 146 shares bought and sold for approximately $11 185.70. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the AMCN stock price was $2.05 and low was $1.65.
  • 90 day high was $2.49 and low was $0.41.
  • 52 week high for the AirMedia Group Inc - $2.49 and low - $0.18.

Trend

AirMedia Group Inc lies in the middle of a very wide 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 203.93% during the next 3 months and, with 90% probability hold a price between $4.32 and $9.15 at the end of this period.

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Signals

AirMedia Group Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $1.81 and $1.55. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday May 14, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

AirMedia Group Inc finds support from accumulated volume at $1.78.

Support: $1.78 Price: $1.82 Resistance: $1.85

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $1.72 (-5.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)

3.13 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

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 this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Buy Candidate Downgraded
AMCN $1.82 ($0.01 0.28%)
AMCN is up $0.01 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for AMCN based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will AMCN stock price go up or down
on Wed, 22 May 2019?

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