- Sirius XM Holdings Inc. (NASDAQ: SIRI) stock price is trading above 20, 50,, and 100-day EMA levels.
- Sirius XM Holdings Inc.’s stock price is currently trading at $7.82.
- Sirius XM Holdings Inc (SIRI)’s live market cap is $30.2 Billion.
Sirius XM Holdings Inc. (NASDAQ: SIRI) is a leading satellite radio provider situated in the US. It was established in 2008 as a dominating participant in the subscription-based audio entertainment sector following the merging of Sirius Satellite Radio and XM Satellite Radio.
Through its satellite and web platforms, the corporation provides a wide range of audio material, including music, sports, news, talk programs, and other programming.
Trend Analysis
The Sirius XM Holdings (NASDAQ: SIRI) price is clearly in an uptrend as it continues to make higher highs based on the situation it exhibits in the weekly timeframe.
The XM Holding’s price is currently near its all-time high of $8.14. If the price breaks above this resistance level, a potential rise in stocks price can be seen.
The current price of SIRI is $7.81. During the last four trading days, the price rose significantly by 42%. This upward trend signals growing consumer demand and the potential for future price rise.
The stock price of SIRI has shown a remarkable growth of 59.7% in the last week. This made the stock change its trend.
Sirius XM Holdings (SIRI) Stock Price Analysis
EMA
Sirius XM Holdings (SIRI) is currently trading above the 20, 50, and 200-day EMAs on a weekly basis, providing a strong indicator of the continuance of the uptrend.
MACD
The MACD line for Sirius XM Holdings is above the signal line on a weekly time frame, giving a positive indication. Additionally, there are green histograms that support the indication.
RSI
The 14-day Simple Moving Average (SMA) line’s position of about 77 and an RSI of 91 both show that Sirius XM Holdings’s stock is exhibiting strong market momentum. Additionally, the RSI is not in the oversold range yet, indicating that the stock is gaining traction.
Volume Analysis
The charts show that the volume of Sirius XM Holdings stock is rising steadily which is positive and promising for the stock price’s upward trajectory. This increasing volume indicates increased trading activity and maybe increased investor interest in shares of Sirius XM Holdings.
Conclusion
In conclusion, the data demonstrate that XM Holdings has a strong market foundation and expanding momentum. Indicators like MACD, RSI, and EMA corroborate this bullish outlook, indicating that the price of Sirius XM Holdings may rise in the future.
Technical Levels
- Support Level – $8.23.
- Resistance Level – $6.83.
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.