Liberty Media Corporation Series C Stock Forecast
Liberty Media Corporation Series C stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Liberty Media Corporation Series C stock price fell by -0.104% on the last day (Thursday, 18th Apr 2024) from $67.28 to $67.21. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.54% from a day low at $66.97 to a day high of $68.00. The price has fallen in 7 of the last 10 days and is down by -0.06% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -131 thousand shares and in total, 578 thousand shares were bought and sold for approximately $38.86 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 $65.75 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 C stock with a 90% probability to be traded between $66.64 and $74.82 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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FWONK Signals & Forecast
There are mixed signals in the stock today. The Liberty Media Corporation Series C 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 $67.56 and $68.71. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 2.55%. 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).
Support, Risk & Stop-loss for Liberty Media Corporation Series C stock
Liberty Media Corporation Series C finds support from accumulated volume at $66.95 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 $1.03 between high and low, or 1.54%. For the last week the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: $63.54 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (FWONK) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Liberty Media Corporation Series C to open at $67.39, and during the day (based on 14 day Average True Range), to move between $65.64 and $68.78, which gives a possible trading interval of +/-$1.57 (+/-2.33%) up or down from last closing price. If Liberty Media Corporation Series C takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $66.95 (0.39%) than the resistance at $67.70 (0.73%), 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 C stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Liberty Media Corporation Series C stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.745 Buy Candidate Upgraded
Predicted Opening Price for Liberty Media Corporation Series C of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $67.39 ( 0.273%) | $67.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FWONK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.42 | 1.81 % | |
| R2 | 68.03 | 1.22 % | ||
| R1 | 67.79 | 0.86 % | ||
| Current price: | 67.21 | |||
| Support | S1 | 67.00 | -0.313 % | |
| S2 | 66.76 | -0.674 % | ||
| S3 | 66.36 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.89 | 3.99 % | |
| R2 | 68.22 | 1.50 % | ||
| R1 | 67.70 | 0.729 % | ||
| Current price | 67.21 | |||
| Support | S1 | 66.95 | -0.387% | |
| S2 | 65.60 | -2.40% | ||
| S3 | 65.54 | -2.48% |
FAQ
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