America Movil Forecast and Stock Analysis
Technical AMOV stock analysis for Friday June 14, 2019.
America Movil gained 0.26% in the last trading day ( Friday, 14th Jun 2019 ), rising from $14.53 to $14.57 During day the stock fluctuated 1.32% from a day low at $14.42 to a day high of $14.61. The price has risen in 7 of the last 10 days and is up by 5.27% 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, 10 119 more shares were traded than the day before. In total, 11 909 shares bought and sold for approximately $173 514.00.
- 30 day high of the AMOV stock price was $15.10 and low was $13.72.
- 90 day high was $15.82 and low was $13.48.
- 52 week high for the America Movil - $18.00 and low - $12.09.
America Movil 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 -3.78% during the next 3 months and, with 90% probability hold a price between $12.89 and $14.85 at the end of this period.
America Movil 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 $14.69. On a fall, the stock will find some support from the long-term average at approximately $14.48. 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 Thursday June 13, 2019, which indicates further gains until a new top pivot has been found. America Movil has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 54 and the stock is currently not being overbought or oversold
Support & Resistance
America Movil finds support from accumulated volume at $14.13.
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 $0.19 (1.32%) between high and low. For the last week, the stock has had a daily average volatility of 1.54%.
Our recommended stoploss: $13.69 (-6.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
1.54 %Average volatility
Very Low Low Medium High Very High
America Movil 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 for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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