The Hourly View for AMOV
At the time of this writing, AMOV’s price is up $0.04 (0.3%) from the hour prior. The hourly chart shows that AMOV has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
AMOV’s Technical Outlook on the Daily Chart
Currently, AMOV’s price is up $0.04 (0.3%) from the day prior. This is the 2nd day in a row AMOV has seen its price head up. Regarding the trend, note that the strongest trend exists on the 50 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. America Movil Sab De Cv’s price action over the past 90 days can be seen via the chart below.
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