Liberty Media Corporation Series A Stock Forecast
Stronger technical forecast for Liberty Media Corporation Series A stock price after Wednesday trading.
(Updated on Apr 17, 2024)
The Liberty Media Corporation Series A stock price fell by -0.633% on the last day (Wednesday, 17th Apr 2024) from $60.04 to $59.66. During the last trading day the stock fluctuated 1.87% from a day low at $59.58 to a day high of $60.70. The price has been going up and down for this period, and there has been a -0.17% loss for the last 2 weeks. Volume has increased on the last day by 15 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 76 thousand shares were bought and sold for approximately $4.53 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $58.63 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Liberty Media Corporation Series A stock with a 90% probability to be traded between $58.77 and $66.56 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FWONA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 1.81%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Liberty Media Corporation Series A 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 $60.21 and $61.38. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Liberty Media Corporation Series A stock
Liberty Media Corporation Series A finds support from accumulated volume at $59.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.12 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: $56.85 (-4.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (FWONA) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Liberty Media Corporation Series A to open at $59.98, and during the day (based on 14 day Average True Range), to move between $58.26 and $61.06, which gives a possible trading interval of +/-$1.40 (+/-2.34%) up or down from last closing price. If Liberty Media Corporation Series A takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $59.59 (0.12%) than the resistance at $60.03 (0.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Liberty Media Corporation Series A stock A Buy?
Liberty Media Corporation Series A holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.679 Hold/Accumulate Upgraded
Predicted Opening Price for Liberty Media Corporation Series A of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $59.98 ( 0.534%) | $59.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FWONA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.09 | 2.40 % | |
| R2 | 60.67 | 1.69 % | ||
| R1 | 60.40 | 1.25 % | ||
| Current price: | 59.66 | |||
| Support | S1 | 59.55 | -0.180 % | |
| S2 | 59.29 | -0.621 % | ||
| S3 | 58.86 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.55 | 4.84 % | |
| R2 | 60.85 | 1.99 % | ||
| R1 | 60.03 | 0.620 % | ||
| Current price | 59.66 | |||
| Support | S1 | 59.59 | -0.117% | |
| S2 | 59.22 | -0.738% | ||
| S3 | 56.69 | -4.98% |
FAQ
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