LIBERTY MEDIA CORP-FORMULA-C (FWONK) Stock Technical Analysis
NASDAQ:FWONK - Nasdaq - US5312297550 - Currency: USD
We assign a technical rating of 10 out of 10 to FWONK. Both in the recent history as in the last year, FWONK has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 FWONK is one of the better performing stocks in the market, outperforming 86% of all stocks.
FWONK is one of the better performing stocks in the Media industry, it outperforms 82% of 98 stocks in the same industry.
FWONK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FWONK is lagging the market slightly.
In the last month FWONK has a been trading in the 94.48 - 100.71 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.
FWONK has an average volume of 1172810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, FWONK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 97.07, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FWONK 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
74.52
103.22
We found 3 important support areas.
- A support zone ranging from 95.44 to 97.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 79.15 to 79.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @75.27 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @100.03 from a horizontal line in the weekly time frame.
- Resistance @102.20 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 | UP | POSITIVE | The long term trend for FWONK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FWONK is up. |
| ChartMill Relative Strength | 86.81 | POSITIVE | FWONK has a high relative strength, it outperformed 86.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FWONK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FWONK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FWONK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.99 | NEUTRAL | The RSI value for FWONK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests FWONK has a negative trend. |
| Stochastics (14,3) | 46.88 | NEUTRAL | The Stochastics value for FWONK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for FWONK suggests low volalility. |
| Average Directional Index/ADX (14) | 34.96 | POSITIVE | The high ADX value value for FWONK 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 |
|---|---|---|---|
| 100.04 | 95.43 | 4.61 (4.61%) | 21.70% |
| An entry @100.04. This is a Buy Stop order right above the resistance zone. | An exit @95.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.61 points, which is 4.61%. | For a 1.00% total portfolio risk, you can invest 21.70% of your capital in this trade. |
- 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.
97.43
+0.41 (+0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.42%
1 Week-0.56%
2 Weeks2.09%
1 Month0.55%
3 Month13.34%
6 Month2.46%
12 Month34.52%
2 Year29.42%
3 Year53.51%
5 Year207.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.82
ATR(20)%1.78%
ATR Inc-29.96%
Range Today0.81
ADR(20)1.72
ADR(20)%1.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.81
Mansfield0.8
10 Day High100.71
10 Day Low94.49
20 Day High100.71
20 Day Low94.49
52 Week High102.33
52 Week Low70.31
CS1 End97.07
CR1 Start100.03
Volume & EV
DER(3)4.98%
DER(5)2.64%
Volume544.70K
Volume Incr-30.49%
Vol(5)699.00K
Vol(50)1.17M