RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ENQ.L
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Evaluation of AMERICAN MEDIA INC stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

No changes to the price of AMERICAN MEDIA INC stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 7.25% from a day low at £13.51 to a day high of £14.49. The price has risen in 6 of the last 10 days and is up by 8.28% over the past 2 weeks.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £14.18 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.77% during the next 3 months and, with a 90% probability hold a price between £11.36 and £13.65 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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ENQ.L Signals & Forecast

The AMERICAN MEDIA INC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £13.90 and £13.23. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -1.41%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for AMERICAN MEDIA INC stock

AMERICAN MEDIA INC finds support from accumulated volume at £13.80 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 £0.98 between high and low, or 7.25%. For the last week, the stock has had daily average volatility of 5.30%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ENQ.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect AMERICAN MEDIA INC to open at £14.00, and during the day (based on 14 day Average True Range), to move between £13.35 and £14.65, which gives a possible trading interval of +/-£0.651 (+/-4.65%) up or down from last closing price. If AMERICAN MEDIA INC takes out the full calculated possible swing range there will be an estimated 9.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £14.02 (0.14%) than the support at £13.80 (1.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is AMERICAN MEDIA INC stock A Buy?

AMERICAN MEDIA INC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.036 Sell Candidate Downgraded

Predicted Opening Price for AMERICAN MEDIA INC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£14.00 ( 0%) £14.00

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

Trading levels for ENQ.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.98 7.00 %
R2 14.61 4.33 %
R1 14.37 2.67 %
Current price: 14.00
Support S1 13.63 -2.67 %
S2 13.39 -4.33 %
S3 13.02 -7.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.39 9.93 %
R2 14.13 0.93 %
R1 14.02 0.143 %
Current price 14.00
Support S1 13.80 -1.43%
S2 13.00 -7.14%
S3 12.13 -13.36%

FAQ

What is the symbol for AMERICAN MEDIA INC Stock and on which exchange is it traded?
The symbol for AMERICAN MEDIA INC is ENQ.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell AMERICAN MEDIA INC Stock?
AMERICAN MEDIA INC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy AMERICAN MEDIA INC Stock?
AMERICAN MEDIA 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 AMERICAN MEDIA INC Stock.

What's the current price of AMERICAN MEDIA INC Stock?
As of the end of day on the 2024-03-27, the price of an AMERICAN MEDIA INC (ENQ.L) share was £14.00.

What is the 52-week high and low for AMERICAN MEDIA INC Stock?
The 52-week high for AMERICAN MEDIA INC Stock is £19.72 and the 52-week low is £11.17.

What is the market capitalization of AMERICAN MEDIA INC Stock?
As of the 2024-03-27, the market capitalization of AMERICAN MEDIA INC is 265.196M.

When is the next earnings date for AMERICAN MEDIA INC?
The upcoming earnings date for AMERICAN MEDIA INC is Sep 03, 2024.
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About AMERICAN MEDIA INC

AMERICAN MEDIA INC EnQuest PLC operates as an oil and gas production and development company. The company explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, Scolty/Crathes, Greater Kittiwake Area, Alba, Dons area, and Alma/Galia. The company also has interests in the PM8/Seligi and PM409 production sharing contracts in Malaysia. In addition, it has five production hub... ENQ.L Profile

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