AMC NETWORKS INC-A (AMCX) Stock Technical Analysis
NASDAQ:AMCX - US00164V1035 - Common Stock
7.21 USD
+0.15 (+2.12%)
7.21 USD
0 (0%)
We assign a technical rating of 7 out of 10 to AMCX. Although AMCX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, AMCX is a bad performer in the overall market: 78% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
AMCX 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.
AMCX is an average performer in the Media industry, it outperforms 54% of 99 stocks in the same industry.
AMCX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMCX is lagging the market.
Although AMCX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.49
7.33
We found 3 important support areas.
- Support @7.17 from a horizontal line in the daily time frame.
- A support zone ranging from 6.68 to 6.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.55 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.22 to 7.26. 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 | UP | POSITIVE | The long term trend for AMCX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMCX is up. |
| ChartMill Relative Strength | 22.58 | NEGATIVE | AMCX has a low relative strength, it was outperformed by 77.42% 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) | UP | POSITIVE | The current price of AMCX is above the rising 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) | 62.3 | NEUTRAL | The RSI value for AMCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AMCX has a positive trend. |
| Stochastics (14,3) | 66.54 | NEUTRAL | The Stochastics value for AMCX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for AMCX suggests high volalility. |
| Average Directional Index/ADX (14) | 34.9 | POSITIVE | The high ADX value value for AMCX suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.27 | 7.16 | 0.11 (1.51%) | 25.00% |
| An entry @7.27. This is a Buy Stop order right above the resistance zone. | An exit @7.16. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.11 points, which is 1.51%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- The distance between exit and entry is rather small compared to the average daily movement of AMCX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.21
+0.15 (+2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg2.12%
1 Week0.14%
2 Weeks3.74%
1 Month19.97%
3 Month11.27%
6 Month2.12%
12 Month-19.8%
2 Year-38.79%
3 Year-64.48%
5 Year-70.82%
10 Year-90.15%
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%5.19%
ATR Inc-36.1%
Range Today0.23
ADR(20)0.35
ADR(20)%4.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.58
Mansfield-1.27
10 Day High7.25
10 Day Low6.68
20 Day High8.18
20 Day Low5.68
52 Week High10.6
52 Week Low5.41
CS1 End7.17
CR1 Start7.22
Volume & EV
DER(3)5.25%
DER(5)4.25%
Volume418.80K
Volume Incr-54%
Vol(5)388.86K
Vol(50)594.68K