AMC NETWORKS INC-A (AMCX) Technical Analysis
NASDAQ:AMCX • US00164V1035
Taking everything into account, AMCX scores 2 out of 10 in our technical rating. AMCX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, AMCX is a bad performer in the overall market: 70% of all stocks are doing better.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- AMCX is an average performer in the Media industry, it outperforms 68% of 91 stocks in the same industry.
- AMCX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AMCX is lagging the market slightly.
- In the last month AMCX has a been trading in the 7.12 - 8.89 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. There is a resistance zone just above the current price starting at 8.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.91, a Stop Loss order could be placed below this zone. 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
7.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.82 to 7.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.45 to 7.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.25 to 7.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 8.21 to 8.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.67 from a horizontal line in the daily time frame.
- Resistance @8.82 from a trend line in the weekly time frame.
- Resistance @10.01 from a horizontal line in the weekly 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 | 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 | 30.68 | NEUTRAL | AMCX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMCX is above the rising 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) | UP | POSITIVE | The current price of AMCX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.44 | NEUTRAL | The RSI value for AMCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests AMCX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.27 | NEUTRAL | The Stochastics value for AMCX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for AMCX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.77 | NEUTRAL | The ADX value for AMCX suggests a possible start of a new trend. |
AMCX Technicals: Chart, Performance Metrics, Trend & Indicators
8.05
-0.25 (-3.01%)
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 2 / 10 to AMCX.
What is the trend direction for AMCX stock?
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 50.4407. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AMC NETWORKS INC-A?
The MACD indicator for AMC NETWORKS INC-A (AMCX) has a value of 0.0641462, indicating a bearish trend.
What are the support and resistance levels for AMC NETWORKS INC-A (AMCX) stock?
AMC NETWORKS INC-A (AMCX) has a support level at 7.91 and a resistance level at 8.21. Check the full technical report for our detailed analysis of AMCX support and resistance levels.