The Hourly View for AMCX
Currently, AMCX (Get Ratings)’s price is down $-0.66 (-1.46%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
AMCX ranks 14th in terms of today’s price percentage change out of Communication stocks.
AMCX’s Technical Outlook on the Daily Chart
At the moment, AMCX’s price is up $0.27 (0.59%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows AMCX’s price action over the past 90 days.
AMCX: Daily RSI Analysis
- AMCX’s RSI now stands at 9.4139.
- AMCX and RSI may be exhibiting divergent trends. This may be something to monitor.
For AMCX News Traders
Investors and traders in AMCX may be particularly interested in the following story that came out in the past day:
AMC Networks to Report Third Quarter 2021 Results
NEW YORK, Oct. 18, 2021 (GLOBE NEWSWIRE) — AMC Networks Inc. (NASDAQ: AMCX) will host a conference call to discuss results for the third quarter 2021 on Friday, November 5, 2021 at 8:30 a.m. Eastern Time. AMC Networks will issue a press release reporting its results prior to the market opening. The conference call will be webcast live via the company’s website at www.amcnetworks.com under the heading “Investors”. Those parties interested in participating via telephone please dial 833-714-3268 w
Want More Great Investing Ideas?
9 “MUST OWN” Growth Stocks for 2021
5 WINNING Stock Chart Patterns
7 Best ETFs for the NEXT Bull Market