AMC NETWORKS INC. - Daily - Technical analysis published on 07/11/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 26.77 USD
My targets
22.37 USD (-8.14%)
20.58 USD (-15.48%)
My analysis
AMC NETWORKS INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 26.77 USD. The next support located at 22.37 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 20.58 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMC NETWORKS INC. price is 24.35 USD. On the day, this instrument gained +4.24% and was between 22.85 USD and 24.45 USD. This implies that the price is at +6.56% from its lowest and at -0.41% from its highest.22.85
24.45
24.35
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this AMC NETWORKS INC. chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 20.58 | 24.35 | 28.22 | 35.55 | 42.35 |
| Change (%) | -15.48% | - | +15.89% | +46.00% | +73.92% |
| Change | -3.77 | - | +3.87 | +11.20 | +18.00 |
| Level | Major | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.81 | 18.67 | 21.02 | 22.88 | 25.23 | 27.09 | 29.44 |
| Camarilla | 22.20 | 22.59 | 22.97 | 23.36 | 23.75 | 24.13 | 24.52 |
| Woodie | 17.05 | 18.79 | 21.26 | 23.00 | 25.47 | 27.21 | 29.68 |
| Fibonacci | 18.67 | 20.28 | 21.28 | 22.88 | 24.49 | 25.49 | 27.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.60 | 21.57 | 22.37 | 23.34 | 24.14 | 25.11 | 25.91 |
| Camarilla | 22.67 | 22.84 | 23.00 | 23.16 | 23.32 | 23.49 | 23.65 |
| Woodie | 20.51 | 21.53 | 22.28 | 23.30 | 24.05 | 25.07 | 25.82 |
| Fibonacci | 21.57 | 22.25 | 22.67 | 23.34 | 24.02 | 24.44 | 25.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.06 | 14.76 | 19.07 | 26.77 | 31.08 | 38.78 | 43.09 |
| Camarilla | 20.09 | 21.19 | 22.29 | 23.39 | 24.49 | 25.59 | 26.69 |
| Woodie | 5.38 | 13.91 | 17.39 | 25.92 | 29.40 | 37.93 | 41.41 |
| Fibonacci | 14.76 | 19.34 | 22.18 | 26.77 | 31.35 | 34.19 | 38.78 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.39 | |
| MACD (12,26,9): | -1.3600 | |
| Directional Movement: | -3.58 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 23.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.54 | |
| Elder Ray (13): | -0.40 | |
| Super Trend (3,10): | 26.40 | |
| Zig ZAG (10): | 24.35 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 32.87 | |
| TEMA (21): | 22.09 | |
| Williams %R (14): | -44.46 | |
| Chande Momentum Oscillator (20): | -2.03 | |
| Repulse (5,40,3): | 10.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.7000 | |
| Courbe Coppock: | 29.41 |
| MA7: | 23.14 | |
| MA20: | 24.97 | |
| MA50: | 26.95 | |
| MA100: | 26.64 | |
| MAexp7: | 23.45 | |
| MAexp20: | 24.82 | |
| MAexp50: | 26.28 | |
| MAexp100: | 28.39 | |
| Price / MA7: | +5.23% | |
| Price / MA20: | -2.48% | |
| Price / MA50: | -9.65% | |
| Price / MA100: | -8.60% | |
| Price / MAexp7: | +3.84% | |
| Price / MAexp20: | -1.89% | |
| Price / MAexp50: | -7.34% | |
| Price / MAexp100: | -14.23% |
Quotes :
2020-07-10 19:59:59
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on AMC NETWORKS INC. at the time of the analysis were as follows:
- AMC Networks Partners with On Addressability Distribution Partners – Charter, Comcast and Cox – to Pilot Addressable Capabilities on its Own Linear TV and VOD Inventory
- OpenAP Delivers More Scale for Advertisers with Addition of AMC Networks and The Weather Channel
-
AMC Networks Execs Got Pay Cuts
- ARRIS Powers AMC Networks' Future Satellite Distribution Architecture
-
AMC Networks Did Better Than Expected
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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