AMC NETWORKS INC. - Daily - Technical analysis published on 09/30/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 48.26 USD
My targets
46.74 USD (-2.89%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AMC NETWORKS INC. as long as the price remains well below 48.26 USD. The sellers” bearish objective is set at 46.74 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMC NETWORKS INC. rating is 48.13 USD. On the day, this instrument gained +1.54% and was traded between 47.64 USD and 48.26 USD over the period. The price is currently at +1.03% from its lowest and -0.27% from its highest.47.64
48.26
48.13
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AMC NETWORKS INC. in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
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 over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 46.74 | 48.13 | 48.26 | 51.75 | 53.93 |
| Change (%) | -2.89% | - | +0.27% | +7.52% | +12.05% |
| Change | -1.39 | - | +0.13 | +3.62 | +5.80 |
| Level | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.85 | 46.40 | 46.90 | 47.45 | 47.95 | 48.50 | 49.00 |
| Camarilla | 47.11 | 47.21 | 47.30 | 47.40 | 47.50 | 47.59 | 47.69 |
| Woodie | 45.83 | 46.39 | 46.88 | 47.44 | 47.93 | 48.49 | 48.98 |
| Fibonacci | 46.40 | 46.80 | 47.05 | 47.45 | 47.85 | 48.10 | 48.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.38 | 46.98 | 48.12 | 49.72 | 50.86 | 52.46 | 53.60 |
| Camarilla | 48.52 | 48.77 | 49.02 | 49.27 | 49.52 | 49.77 | 50.02 |
| Woodie | 45.16 | 46.87 | 47.90 | 49.61 | 50.64 | 52.35 | 53.38 |
| Fibonacci | 46.98 | 48.02 | 48.67 | 49.72 | 50.76 | 51.41 | 52.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.57 | 43.63 | 46.06 | 50.12 | 52.55 | 56.61 | 59.04 |
| Camarilla | 46.72 | 47.31 | 47.91 | 48.50 | 49.10 | 49.69 | 50.29 |
| Woodie | 38.77 | 43.22 | 45.26 | 49.71 | 51.75 | 56.20 | 58.24 |
| Fibonacci | 43.63 | 46.11 | 47.64 | 50.12 | 52.60 | 54.13 | 56.61 |
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): | 43.14 | |
| MACD (12,26,9): | -0.6500 | |
| Directional Movement: | -11.32 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 48.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 51.13 | |
| Elder Ray (13): | -0.96 | |
| Super Trend (3,10): | 47.34 | |
| Zig ZAG (10): | 48.13 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 16.24 | |
| TEMA (21): | 48.44 | |
| Williams %R (14): | -78.49 | |
| Chande Momentum Oscillator (20): | -4.32 | |
| Repulse (5,40,3): | -0.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 2.23 |
| MA7: | 48.36 | |
| MA20: | 49.28 | |
| MA50: | 50.53 | |
| MA100: | 52.77 | |
| MAexp7: | 48.44 | |
| MAexp20: | 49.24 | |
| MAexp50: | 50.60 | |
| MAexp100: | 52.60 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -2.33% | |
| Price / MA50: | -4.75% | |
| Price / MA100: | -8.79% | |
| Price / MAexp7: | -0.64% | |
| Price / MAexp20: | -2.25% | |
| Price / MAexp50: | -4.88% | |
| Price / MAexp100: | -8.50% |
News
The last news published on AMC NETWORKS INC. at the time of the generation of this analysis 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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