AMC NETWORKS INC-A (AMCX) Stock Technical Analysis
NASDAQ:AMCX - Nasdaq - US00164V1035 - Common Stock - Currency: USD
Taking everything into account, AMCX scores 1 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
92% of all other stocks performed better in the past year than AMCX.
AMCX is part of the Media industry. There are 98 other stocks in this industry, of which 73% are performing better than AMCX.
AMCX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AMCX has a been trading in the 5.77 - 6.44 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
AMCX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 6.02, a Stop Loss order could be placed below this zone.
More info and screens
5.79
7.24
We found 2 important support areas.
- A support zone ranging from 5.98 to 6.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.85 from a horizontal line in the daily time frame.
We can see 6 important resistance areas.
- Resistance @6.16 from a trend line in the daily time frame.
- A resistance zone ranging from 6.29 to 6.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.62 from a horizontal line in the weekly time frame.
- Resistance @6.91 from a trend line in the daily time frame.
- Resistance @7.05 from a horizontal line in the daily time frame.
- Resistance @7.17 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 | NEUTRAL | NEUTRAL | The short term trend for AMCX is neutral. |
| ChartMill Relative Strength | 8.7 | NEGATIVE | AMCX has a low relative strength, it was outperformed by 91.3% off all stocks 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) | DOWN | NEGATIVE | The current price of AMCX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.31 | 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) | 50.93 | NEUTRAL | The Stochastics value for AMCX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for AMCX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.19 | 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)
6.14
-0.01 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-0.16%
1 Week-3.15%
2 Weeks3.19%
1 Month2.33%
3 Month-6.12%
6 Month-38.66%
12 Month-43.67%
2 Year-51.35%
3 Year-79.88%
5 Year-73.42%
10 Year-92.71%
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%4.06%
ATR Inc-40.08%
Range Today0.13
ADR(20)0.25
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.7
Mansfield-2.9
10 Day High6.4
10 Day Low5.93
20 Day High6.44
20 Day Low5.77
52 Week High11.57
52 Week Low5.41
CS1 End6.02
CR1 Start6.16
Volume & EV
DER(3)2.7%
DER(5)-0.32%
Volume212.60K
Volume Incr-40.43%
Vol(5)315.40K
Vol(50)563.97K