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AMC Entertainment Holdings Inc stock price ended on $50.16 on Friday after gaining 3.38%

StockInvest.us, 2 months ago

AMC Entertainment Holdings Inc

The AMC Entertainment Holdings Inc stock price gained 3.38% on the last trading day (Friday, 10th Sep 2021), rising from $48.52 to $50.16. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 5.62% from a day low at $48.95 to a day high of $51.70. The price has risen in 7 of the last 10 days and is up by 24.44% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 89 million shares were bought and sold for approximately $4.48 billion.

On September 01, 2021 "Macquarie" gave "" rating for AMC. The price target was set to $47.13+8.8%.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $37.23, a level that may pose a second chance to hit a runner. According to fan-theory $51.88 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

AMC Entertainment Holdings Inc

Mostly positive signals in the chart today. The AMC Entertainment Holdings Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $46.57 and $38.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, August 04, 2021, and so far it has risen 68.10%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

AMC Entertainment Holdings Inc finds support from accumulated volume at $49.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $2.75 between high and low, or 5.62%. For the last week, the stock has had a daily average volatility of 6.79%.

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Check full AMC Entertainment Holdings Inc forecast and analysis here.