AMC NETWORKS INC-A (AMCX) Stock Technical Analysis
USA - NASDAQ:AMCX - US00164V1035 - Common Stock
We assign a technical rating of 4 out of 10 to AMCX. AMCX has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is only medium, AMCX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.74, a Stop Loss order could be placed below this zone.
More info and screens
5.49
We found 4 important support areas.
- A support zone ranging from 7.65 to 7.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.20 from a trend line in the daily time frame.
- A support zone ranging from 7.06 to 7.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.09 to 8.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.41 to 8.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for AMCX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMCX is neutral. |
| ChartMill Relative Strength | 66.27 | NEUTRAL | AMCX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMCX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMCX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AMCX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.07 | NEUTRAL | The RSI value for AMCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AMCX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.16 | NEUTRAL | The Stochastics value for AMCX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for AMCX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.22 | POSITIVE | The high ADX value value for AMCX suggests a strong trend. |
7.81
+0.18 (+2.36%)
AMC NETWORKS INC-A / AMCX FAQ
What is the ChartMill technical rating of AMC NETWORKS INC-A (AMCX) stock?
ChartMill assigns a technical rating of 4 / 10 to AMCX.
Can you provide the trend direction for AMC NETWORKS INC-A?
The current trend direction for AMC NETWORKS INC-A (AMCX) is Bearish.
Can you provide the RSI signal for AMC NETWORKS INC-A?
AMC NETWORKS INC-A (AMCX) has an RSI value of 54.0714. This indicates that the stock is currently neutral.
What is the MACD signal for AMCX stock?
The MACD indicator for AMC NETWORKS INC-A (AMCX) has a value of -0.0150989, indicating a bearish trend.