LIBERTY MEDIA CORP-FORMULA-C (FWONK) Stock Technical Analysis
USA - NASDAQ:FWONK - US5312297550
Overall FWONK gets a technical rating of 6 out of 10. In the last year, FWONK was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
FWONK has only a medium 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 a resistance zone just above the current price starting at 102.20. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
83.37
When analyzing the support we can see 3 important areas.
- A support zone ranging from 100.70 to 101.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 94.65 to 96.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @84.21 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 102.20 to 102.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 105.27 to 105.27. 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 FWONK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FWONK is up. |
| ChartMill Relative Strength | 74.43 | POSITIVE | FWONK has a high relative strength, it outperformed 74.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FWONK is above a declining 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) | 53.8 | NEUTRAL | The RSI value for FWONK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests FWONK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.11 | NEUTRAL | The Stochastics value for FWONK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for FWONK suggests some volalility. |
| Average Directional Index/ADX (14) | 24.31 | NEUTRAL | The ADX value for FWONK suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 102.34 | 100.69 | 1.65 (1.61%) | 25.00% |
| An entry @102.34. This is a Buy Stop order right above the resistance zone. | An exit @100.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.65 points, which is 1.61%. | For a 0.40% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FWONK. 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.
101.61
-0.39 (-0.38%)
LIBERTY MEDIA CORP-FORMULA-C / FWONK FAQ
What is the technical rating for FWONK stock?
ChartMill assigns a technical rating of 6 / 10 to FWONK.
What is the trend direction for FWONK stock?
The current trend direction for LIBERTY MEDIA CORP-FORMULA-C (FWONK) is Bullish.
What is the RSI signal for LIBERTY MEDIA CORP-FORMULA-C (FWONK) stock?
LIBERTY MEDIA CORP-FORMULA-C (FWONK) has an RSI value of 53.7985. This indicates that the stock is currently neutral.
What is the short term momentum for LIBERTY MEDIA CORP-FORMULA-C (FWONK) stock?
The short term momentum for LIBERTY MEDIA CORP-FORMULA-C (FWONK) is positive.
Can you provide the buy/sell signal for LIBERTY MEDIA CORP-FORMULA-C?
The buy/sell signal for LIBERTY MEDIA CORP-FORMULA-C (FWONK) is buy as both the short term and long term trends are positive.