Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMCX
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Green day on Wednesday for AMC Networks Inc. stock after gaining 3.19%
(Updated on Mar 27, 2024)

Hold candidate since Mar 25, 2024 Gain 0.57% PDF

The AMC Networks Inc. stock price gained 3.19% on the last trading day (Wednesday, 27th Mar 2024), rising from $11.91 to $12.29. During the last trading day the stock fluctuated 4.34% from a day low at $11.87 to a day high of $12.38. The price has been going up and down for this period, and there has been a -3% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 183 thousand more shares were traded than the day before. In total, 624 thousand shares were bought and sold for approximately $7.67 million.

The stock 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 -40.38% during the next 3 months and, with a 90% probability hold a price between $6.40 and $7.69 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AMCX Signals & Forecast

There are mixed signals in the stock today. The AMC Networks Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.37 and $13.05. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 5.67%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for AMC Networks Inc. stock

AMC Networks Inc. finds support from accumulated volume at $12.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.515 between high and low, or 4.34%. For the last week, the stock has had daily average volatility of 5.53%.

Our recommended stop-loss: $11.79 (-4.03%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (AMCX) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect AMC Networks Inc. to open at $12.18, and during the day (based on 14 day Average True Range), to move between $11.54 and $13.04, which gives a possible trading interval of +/-$0.748 (+/-6.08%) up or down from last closing price. If AMC Networks Inc. takes out the full calculated possible swing range there will be an estimated 12.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $12.28 (0.08%) than the resistance at $12.67 (3.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AMC Networks Inc. stock A Buy?

AMC Networks Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.250 Hold/Accumulate Unchanged

Predicted Opening Price for AMC Networks Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$12.18 ( 0.91%) $12.29

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

Trading levels for AMCX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12.69 3.28 %
R2 12.50 1.68 %
R1 12.38 0.692 %
Current price: 12.29
Support S1 11.98 -2.51 %
S2 11.86 -3.50 %
S3 11.66 -5.10 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14.41 17.25 %
R2 13.94 13.43 %
R1 12.67 3.09 %
Current price 12.29
Support S1 12.28 -0.0814%
S2 12.26 -0.244%
S3 12.23 -0.488%

FAQ

What is the symbol for AMC Networks Inc. Stock and on which exchange is it traded?
The symbol for AMC Networks Inc. is AMCX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell AMC Networks Inc. Stock?
AMC Networks Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy AMC Networks Inc. Stock?
AMC Networks Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AMC Networks Inc. Stock.

What's the current price of AMC Networks Inc. Stock?
As of the end of day on the 2024-03-27, the price of an AMC Networks Inc. (AMCX) share was $12.29.

What is the 52-week high and low for AMC Networks Inc. Stock?
The 52-week high for AMC Networks Inc. Stock is $20.97 and the 52-week low is $9.96.

What is the market capitalization of AMC Networks Inc. Stock?
As of the 2024-03-27, the market capitalization of AMC Networks Inc. is 518.818M.

When is the next earnings date for AMC Networks Inc.?
The upcoming earnings date for AMC Networks Inc. is May 14, 2024.
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About AMC Networks Inc.

AMC Networks. AMC Networks Inc., an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, Domestic Operations, and International and Other. The Domestic Operations segment operates various national programming networks, including the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV... AMCX Profile

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