Big movements in AMC Entertainment Holdings Inc stock price on Monday moving 17.53% between high and lowStockInvest.us, 3 months ago
The AMC Entertainment Holdings Inc stock price gained 15.38% on the last trading day (Monday, 14th Jun 2021), rising from $49.40 to $57.00. , 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 17.53% from a day low at $51.52 to a day high of $60.55. The price has risen in 6 of the last 10 days and is up by 118.22% 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, 83 million more shares were traded than the day before. In total, 297 million shares were bought and sold for approximately $16.95 billion.
B. Riley does not see either upside or downside right now giving AMC "Buy - Neutral" on their last update on May 26, 2021. The price target was set to $16.00.Over the last 30 days, this security got 0 buy, 0 sell, and 1 hold ratings.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 101% during the next 3 months and, with a 90% probability hold a price between $40.35 and $134.29 at the end of this 3-month period.
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 $50.93 and $23.62. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 02, 2021, and so far it has fallen -8.87%. Further fall is indicated until a new bottom pivot has been found.
AMC Entertainment Holdings Inc finds support from accumulated volume at $55.00 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 $9.03 between high and low, or 17.53%. For the last week, the stock has had a daily average volatility of 18.22%.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AMC Entertainment Holdings Inc stock to perform well in the short-term.Check full AMC Entertainment Holdings Inc forecast and analysis here.