AMX Price Prediction Next Week
Prediction and Recommendation for AMX Stock
Based on the analysis of news sentiment and technical indicators, here is the prediction for América Móvil (AMX) stock for the next trading week:
**News Sentiment Analysis:
- Scotiabank has lowered its price target for AMX from $17.30 to $13.70, citing concerns over equity yield and regional macroeconomic instability in Colombia, Mexico, and Panama due to U.S. trade policies.
- The stock closed at $14.09 on March 21, with a pre-market percentage change of -3.95% and a regular market percentage change of -0.56%.
**Technical Indicators Analysis:
- RSI (14): 42.19 (Below 50, indicating bearish momentum).
- MACD: Negative, showing downward momentum.
- SMA (20, 50, 200): AMX is trading below all key moving averages, signaling a bearish trend.
- Fibonacci Levels: Resistance at $14.81 and $15.06; support at $13.75 and $13.35.
**Price Prediction:
- Target Price: $13.70 (Lower Fibonacci support level).
- Recommendation: Sell AMX as technical indicators and news sentiment suggest further downside.
**Conclusion:
The stock is expected to decline next week, with a target price of $13.70. The bearish technical indicators and negative news sentiment support this outlook.
AMX Similar Chart Price Prediction
The price of AMX is predicted to go up -27.79%, based on the high correlation periods with SUP. The similarity of these two price pattern on the periods is 91.52%.
AMX
SUP
Down: -27.79%Similarity: 91.52%
