AMC NETWORKS INC-A (AMCX) Stock Technical Analysis
NASDAQ:AMCX - Nasdaq - US00164V1035 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to AMCX. AMCX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, AMCX is a bad performer in the overall market: 92% of all stocks are doing better.
AMCX is part of the Media industry. There are 96 other stocks in this industry, of which 73% are performing better than AMCX.
AMCX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so AMCX is lagging the market.
In the last month AMCX has a been trading in the 5.57 - 6.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, AMCX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for AMCX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.91
10.81
When analyzing the support we notice one important area.
- A support zone ranging from 5.97 to 6.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.23 to 6.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.55 to 6.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.70 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AMCX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMCX is down. |
| ChartMill Relative Strength | 8.83 | NEGATIVE | AMCX has a low relative strength, it was outperformed by 91.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMCX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMCX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMCX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.83 | NEUTRAL | The RSI value for AMCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AMCX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.1 | NEUTRAL | The Stochastics value for AMCX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for AMCX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.47 | NEGATIVE | The low ADX value for AMCX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
6.2
-0.07 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-1.12%
1 Week-0.48%
2 Weeks-2.05%
1 Month-5.2%
3 Month-19.58%
6 Month-34.11%
12 Month-62.26%
2 Year-45.18%
3 Year-84.21%
5 Year-78.07%
10 Year-92.11%
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%5.55%
ATR Inc-44.29%
Range Today0.21
ADR(20)0.34
ADR(20)%5.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.83
Mansfield-3.29
10 Day High6.67
10 Day Low5.71
20 Day High6.72
20 Day Low5.57
52 Week High18.58
52 Week Low5.41
CS1 End6
CR1 Start6.23
Volume & EV
DER(3)2.19%
DER(5)4.13%
Volume547.90K
Volume Incr32.98%
Vol(5)652.72K
Vol(50)559.56K