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$6.97 (-1.83%)

Volume: 16.403M

Closed: Sep 30, 2022

Hollow Logo Score: -5.688

AMC Entertainment Stock Forecast

$6.97 (-1.83%)

Volume: 16.403M

Closed: Sep 30, 2022

Score Hollow Logo -5.688
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 20 - 75 ] RSI14 is 23 and the stock is currently not being overbought or oversold
Last Reaction
Last Reaction
2 months ago
corey.giza 2 months ago
I thought it was me as well ; ) I started investing in stocks about 1.5 years ago. I purchased AMC approximately Mid June and averaged down for a while until I hit my limit. I was down 30-35% max until yesterday and today (Thursday July 21st). I am not going into any technical analysis because I feel I lack experience, and I typically do not buy options. I am trying to decide to sell or hold because of mixed signals and both positive and negative info via media sources. I dont expect the stock to skyrocket, and I believe over the mid-long term (next few years), AMC will do well, but I am worried it will fall over the next few weeks or months and I could place my funds elsewhere. Today AMC is listed as a strong buy via Stock invest. Perhaps I will sell a portion at the current price to limit my exposure/short term liability. Sorry for the long post. I am just really on the fence about this stock. Any insight is appreciated. Thank you

AMC Entertainment stock downgraded to Strong Sell Candidate
(Updated on Sep 30, 2022)

Sell candidate since 2022-09-12 Loss -31.80% PDF

The AMC Entertainment stock price fell by -1.83% on the last day (Friday, 30th Sep 2022) from $7.10 to $6.97. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.74% from a day low at $6.82 to a day high of $7.28. The price has fallen in 6 of the last 10 days and is down by -22.38% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 million shares and in total, 16 million shares were bought and sold for approximately $114.33 million.

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 $6.17 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -34.38% during the next 3 months and, with a 90% probability hold a price between $4.05 and $12.94 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The AMC Entertainment 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 $7.41 and $11.08. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, September 26, 2022, and so far it has risen 2.05%. 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).

Support, Risk & Stop-loss

AMC Entertainment finds support from accumulated volume at $6.83 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 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 $0.46 between high and low, or 6.74%. For the last week, the stock has had daily average volatility of 10.05%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect AMC Entertainment Holdings Inc to open at $7.02, and during the day (based on 14 day Average True Range), to move between $6.00 and $7.94, which gives a possible trading interval of +/-$0.97 (+/-13.85%) up or down from last closing price. If AMC Entertainment Holdings Inc takes out the full calculated possible swing range there will be an estimated 27.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.83 (2.01%) than the resistance at $7.67 (10.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AMC Entertainment Holdings Inc stock A Buy?

AMC Entertainment holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.688

Strong Sell Candidate Downgraded

Predicted Opening Price for AMC Entertainment Holdings Inc of Monday, October 3, 2022

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price October 3, 2022 Current price
$7.02 $6.97 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 7.48 7.36 %
7.31 4.84 %
7.20 3.29 %
Current price: 6.97
Support 6.85 -1.76 %
6.74 -3.31 %
6.56 -5.83 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.58 23.10 %
7.85 12.63 %
7.67 10.04 %
Current price 6.97
Support 6.83 -2.01%
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About AMC Entertainment Holdings Inc

AMC Entertainment AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.... AMC Profile

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