Liberty Media Corporation Series C Forecast and Stock Analysis
Technical FWONK stock analysis for March 15, 2019.
Liberty Media Corporation Series C gained 0.58% in the last trading day, rising from $34.78 to $34.98 The price has been going up and down for this period, and there has been a 4.14% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.40 million more shares were traded than the day before. In total, 1.20 million shares bought and sold for approximately $42.10 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the FWONK stock was $34.98. This is 0.58% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 2.96% from a day low at $34.47 to a day high of $35.49.
30 day high of the FWONK stock price was $35.73 and low was $29.43.
90 day high was $35.73 and low was $27.51.
52 week high for the Liberty Media Corporation Series C - $39.35 and low - $27.51.
Liberty Media Corporation Series C lies in the upper part of a wide and strong rising trend in the short term, and this will 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 $35.41 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.78% during the next 3 months and, with 90% probability hold a price between $34.89 and $39.58 at the end of this period.
Liberty Media Corporation Series C holds buy signals from both short- and long-term moving averages. In addition, 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 $34.37 and $32.17. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday March 12, 2019, which indicates further falls until a new bottom pivot has been found.
* 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 69 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $32.04 and $31.37.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Liberty Media Corporation Series C finds support just below today's level at $32.04. If this is broken, then the next support from accumulated volume will be at $31.37 and $31.12.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.02 between high and low, or 2.96%. For the last week, the stock has had a daily average volatility of 4.07%.
Our recommended stoploss: $33.44 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 3 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and 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.