FWONA Technical Analysis - LIBERTY MEDIA CORP-FORMULA-A

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to FWONA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FWONA is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that FWONA is one of the better performing stocks in the market, outperforming 81% of all stocks.

A new 52 week high is currently being made by FWONA, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month FWONA has a been trading in the 88.88 - 99.48 range, which is quite wide. It is currently trading near the high of this range.

FWONA is part of the Entertainment industry. There are 80 other stocks in this industry, FWONA did better than 64% of them.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LIBERTY MEDIA CORP-FORMULA-A / FWONA Weekly stock chart

LIBERTY MEDIA CORP-FORMULA-A / FWONA Daily stock chart

Setup Rating and Analysis

Although FWONA has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

74.90

98.94

5 important support areas can be observed.

A support zone ranging from 91.22 to 95.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @89.67 from a horizontal line in the daily time frame.
Support @87.35 from a horizontal line in the daily time frame.
A support zone ranging from 84.90 to 85.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @75.66 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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 FWONA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FWONA is up.
ChartMill Relative Strength	81.56	POSITIVE	FWONA has a high relative strength, it outperformed 81.56% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of FWONA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FWONA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FWONA is above the rising SMA(200).
Relative Strength Index/RSI (14)	70.63	OVERBOUGHT	The high RSI value suggests FWONA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.42	POSITIVE	The MACD value suggests FWONA has a positive trend.
Stochastics (14,3)	91.11	OVERBOUGHT	The high Stochastics value suggests FWONA may be overbought.
Average True Range in percent/ATR (20)	2.06	MEDIUM VOLATILITY	The ATR as a percentage value for FWONA suggests some volalility.
Average Directional Index/ADX (14)	26.35	POSITIVE	The high ADX value value for FWONA suggests a strong trend.