Big movements in AMC Entertainment Holdings Inc stock price on Monday moving 12.45% between high and lowStockInvest.us, 1 month ago
The AMC Entertainment Holdings Inc stock price fell by -8.85% on the last day (Monday, 20th Sep 2021) from $44.20 to $40.29. and has now fallen 6 days in a row. During the day the stock fluctuated 12.45% from a day low at $38.53 to a day high of $43.33. The price has fallen in 6 of the last 10 days and is down by -8.47% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 70 million shares were bought and sold for approximately $2.83 billion.
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 -13.00% during the next 3 months and, with a 90% probability hold a price between $22.59 and $44.44 at the end of this 3-month period.
A sell signal was issued from a pivot top point on Monday, September 13, 2021, and so far it has fallen -22.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The AMC Entertainment Holdings Inc stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $46.65. On a fall, the stock will find some support from the long-term average at approximately $40.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
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 $4.80 between high and low, or 12.45%. For the last week, the stock has had a daily average volatility of 8.44%.
The stock is within a very wide and falling trend and holds several negative signals that may affect the stock in the short-term. However, we believe that today's you should hold a possible buying opportunity and expect the price to be higher at the end of the 3-month period. The careful investor would await further signals.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.Check full AMC Entertainment Holdings Inc forecast and analysis here.