AMC Entertainment Holdings Inc stock price up 0.075% on FridayStockInvest.us, 3 months ago
The AMC Entertainment Holdings Inc stock price gained 0.0750% on the last trading day (Friday, 24th Sep 2021), rising from $39.98 to $40.01. During the day the stock fluctuated 3.24% from a day low at $39.25 to a day high of $40.52. The price has fallen in 7 of the last 10 days and is down by -20.24% for this period. Volume fell on the last day by -9 million shares and in total, 32 million shares were bought and sold for approximately $1.29 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
On September 01, 2021 "Macquarie" gave "" rating for AMC. The price target was set to $47.13+8.8%.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -5.32% during the next 3 months and, with a 90% probability hold a price between $26.69 and $48.55 at the end of this 3-month period.
A buy signal was issued from a pivot bottom point on Tuesday, September 21, 2021, and so far it has risen 3.07%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AMC Entertainment Holdings Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $41.35 and $40.91. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
On the downside, the stock finds support just below today's level from accumulated volume at $36.00 and $34.96.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AMC Entertainment Holdings Inc finds support just below today's level at $36.00. If this is broken, then the next support from accumulated volume will be at $34.96 and $33.43.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.27 between high and low, or 3.24%. For the last week, the stock has had a daily average volatility of 7.68%.
AMC Entertainment Holdings Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.Check full AMC Entertainment Holdings Inc forecast and analysis here.