AMC Networks Inc. Forecast and Stock Analysis
Technical AMCX stock analysis for April 24, 2019.
AMC Networks Inc. gained 1.16% in the last trading day, rising from $58.65 to $59.33 , and has now gained 3 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. The price has risen in 7 of the last 10 days and is up by 0.63% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 44 294 more shares were traded than the day before. In total, 435 139 shares bought and sold for approximately $25.82 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the AMCX stock was $59.33. This is 1.16% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 3.15% from a day low at $57.74 to a day high of $59.56.
30 day high of the AMCX stock price was $61.13 and low was $55.53.
90 day high was $68.42 and low was $55.53.
52 week high for the AMC Networks Inc. - $69.02 and low - $51.04.
AMC Networks Inc. lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.62% during the next 3 months and, with 90% probability hold a price between $48.52 and $56.36 at the end of this period.
Only positive signals in the chart today. AMC Networks Inc. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $59.74. On a fall, the stock will find some support from the long-term average at approximately $58.94. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 64 and the stock is currently not being overbought or oversold
Support & Resistance
AMC Networks Inc. finds support from accumulated volume at $58.98.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.82 (3.15%) between high and low. For the last week, the stock has had a daily average volatility of 2.22%.
Our recommended stoploss: $56.04 (-5.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
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|AMCX $59.33 ($0.68 1.16%)|
AMCX is up $0.68 today, but where's it headed in 2019?
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