Big movements in AMC Entertainment stock price on Monday moving 12.23% between high and low

The AMC Entertainment stock price gained 8.09% on the last trading day (Monday, 14th Nov 2022), rising from $7.10 to $7.67. It has now gained 4 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 last trading day the stock fluctuated 12.23% from a day low at $7.44 to a day high of $8.35. The price has fallen in 6 of the last 10 days but is still up by 15.15% 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, 10 million more shares were traded than the day before. In total, 49 million shares were bought and sold for approximately $372.41 million.

The last rating was given by Citigroup on Nov 07, 2022. The price target was changed from 3.13 to 1.2.Over the last 90 days, this security got 0 buy, 2 sell, and 0 hold ratings.

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 -38.57% during the next 3 months and, with a 90% probability hold a price between $1.84 and $9.42 at the end of this 3-month period.

Mostly positive signals in the chart today. The AMC Entertainment stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.08 and $6.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, November 09, 2022, and so far it has risen 50.82%. 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 is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $6.83 and $6.51.There is a 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 finds support just below today's level at $6.83. If this is broken, then the next support from accumulated volume will be at $6.51 and $6.35.

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 $0.91 between high and low, or 12.23%. For the last week, the stock has had daily average volatility of 12.99%.

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.