AMC NETWORKS INC. - Daily - Technical analysis published on 07/24/2019 (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
17%
72%
11%
My opinion
Bearish under 53.84 USD
My targets
51.75 USD (-0.60%)
48.26 USD (-7.30%)
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 53.84 USD. The next support located at 51.75 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 48.26 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.
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 Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMC NETWORKS INC. rating is 52.06 USD. On the day, this instrument lost -0.57% with the lowest point at 51.13 USD and the highest point at 52.93 USD. The deviation from the price is +1.82% for the low point and -1.64% for the high point.51.13
52.93
52.06
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AMC NETWORKS INC. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 48.26 | 51.75 | 52.06 | 53.84 | 55.98 | 57.15 |
| Change (%) | -7.30% | -0.60% | - | +3.42% | +7.53% | +9.78% |
| Change | -3.80 | -0.31 | - | +1.78 | +3.92 | +5.09 |
| Level | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.85 | 50.51 | 51.44 | 53.10 | 54.02 | 55.68 | 56.61 |
| Camarilla | 51.65 | 51.89 | 52.12 | 52.36 | 52.60 | 52.83 | 53.07 |
| Woodie | 48.48 | 50.33 | 51.07 | 52.91 | 53.65 | 55.50 | 56.24 |
| Fibonacci | 50.51 | 51.50 | 52.11 | 53.10 | 54.08 | 54.69 | 55.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.70 | 52.49 | 53.39 | 55.18 | 56.08 | 57.87 | 58.77 |
| Camarilla | 53.56 | 53.81 | 54.05 | 54.30 | 54.55 | 54.79 | 55.04 |
| Woodie | 50.27 | 52.27 | 52.96 | 54.96 | 55.65 | 57.65 | 58.34 |
| Fibonacci | 52.49 | 53.51 | 54.15 | 55.18 | 56.20 | 56.84 | 57.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.04 | 50.91 | 52.70 | 54.57 | 56.36 | 58.23 | 60.02 |
| Camarilla | 53.48 | 53.82 | 54.15 | 54.49 | 54.83 | 55.16 | 55.50 |
| Woodie | 49.00 | 50.89 | 52.66 | 54.55 | 56.32 | 58.21 | 59.98 |
| Fibonacci | 50.91 | 52.31 | 53.17 | 54.57 | 55.97 | 56.83 | 58.23 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 28.90 | |
| MACD (12,26,9): | -0.4400 | |
| Directional Movement: | -22.85 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 54.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 56.37 | |
| Elder Ray (13): | -2.51 | |
| Super Trend (3,10): | 55.66 | |
| Zig ZAG (10): | 52.06 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 7.02 | |
| TEMA (21): | 54.09 | |
| Williams %R (14): | -84.27 | |
| Chande Momentum Oscillator (20): | -4.10 | |
| Repulse (5,40,3): | -5.5000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.40 |
| MA7: | 54.41 | |
| MA20: | 54.99 | |
| MA50: | 54.84 | |
| MA100: | 56.87 | |
| MAexp7: | 53.90 | |
| MAexp20: | 54.80 | |
| MAexp50: | 55.42 | |
| MAexp100: | 56.58 | |
| Price / MA7: | -4.32% | |
| Price / MA20: | -5.33% | |
| Price / MA50: | -5.07% | |
| Price / MA100: | -8.46% | |
| Price / MAexp7: | -3.41% | |
| Price / MAexp20: | -5.00% | |
| Price / MAexp50: | -6.06% | |
| Price / MAexp100: | -7.99% |
News
Don"t forget to follow the news on AMC NETWORKS INC.. At the time of publication of this analysis, the latest news was as follows:
-
AMC Networks Execs Got Pay Cuts
- ARRIS Powers AMC Networks' Future Satellite Distribution Architecture
-
AMC Networks Did Better Than Expected
-
AMC Networks Earnings Lower for Fourth Quarter
- Comscore Announces AMC Networks as New Campaign Ratings Beta Partner
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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