AMC Entertainment Holdings Inc stock price up more than 5.45% on FridayStockInvest.us, 1 week ago
The AMC Entertainment Holdings Inc stock price gained 5.45% on the last trading day (Friday, 13th May 2022), rising from $11.20 to $11.81. , 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 8.70% from a day low at $11.49 to a day high of $12.49. The price has fallen in 6 of the last 10 days and is down by -22.81% for this period. Volume fell on the last day by -47 million shares and in total, 58 million shares were bought and sold for approximately $685.00 million. 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.
Wedbush is very positive about AMC and gave it a "" rating on Nov 04, 2021. The price target was changed from 40.05 to 1.81.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.26 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -11.17% during the next 3 months and, with a 90% probability hold a price between $9.11 and $24.56 at the end of this 3-month period.
A buy signal was issued from a pivot bottom point on Wednesday, May 11, 2022, and so far it has risen 13.89%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.31 and $17.91. A break-up above any of these levels will issue buy signals.
On the downside, the stock finds support just below today's level from accumulated volume at $11.20 and $10.37.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $10.37 may give a huge drop in the stock price.
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 $1.00 between high and low, or 8.70%. For the last week, the stock has had a daily average volatility of 19.80%.
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.