Interesting Technical Analysis finding for LIBERTY MEDIA CORP-LIBER-NEW (NASDAQ:LSXMK)

Our stock screener has flagged LIBERTY MEDIA CORP-LIBER-NEW (NASDAQ:LSXMK) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NASDAQ:LSXMK for potential movement.

Technical analysis of NASDAQ:LSXMK

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Overall LSXMK gets a technical rating of 7 out of 10. Although LSXMK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• LSXMK is one of the better performing stocks in the Media industry, it outperforms 74% of 96 stocks in the same industry.
• LSXMK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
• When compared to the yearly performance of all other stocks, LSXMK outperforms 55% of them, which is more or less in line with the market.
• LSXMK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LSXMK is lagging the market.
• In the last month LSXMK has a been trading in a tight range between 29.92 and 31.66.

Our latest full technical report of LSXMK contains the most current technical analsysis.

Why is NASDAQ:LSXMK a setup?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NASDAQ:LSXMK is 9:

Besides having an excellent technical rating, LSXMK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 30.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LSXMK in the last couple of days, which is a good sign.

Trading breakout setups.

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

Of course, there are many ways to trade or not trade NASDAQ:LSXMK and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.