Big movements in AMC Entertainment Holdings Inc stock price on Friday moving 16.69% between high and low
(Updated on May 27, 2022)
Hold candidate since 2022-05-27 PDF
The AMC Entertainment Holdings Inc stock price gained 17.99% on the last trading day (Friday, 27th May 2022), rising from $12.23 to $14.43. , and 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 day the stock fluctuated 16.69% from a day low at $12.40 to a day high of $14.47. The price has been going up and down for this period, and there has been a 22.18% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 million more shares were traded than the day before. In total, 90 million shares were bought and sold for approximately $1.29 billion.
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 -22.04% during the next 3 months and, with a 90% probability hold a price between $7.04 and $19.31 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 11, 2022, and so far it has risen 39.15%. 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. 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 a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $14.65. On a fall, the stock will find some support from the short-term average at $12.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $12.23 and $11.81. 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 $12.23. If this is broken, then the next support from accumulated volume will be at $11.81 and $11.20.
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 $2.07 between high and low, or 16.69%. For the last week, the stock has had a daily average volatility of 11.52%.
Our recommended stop-loss: $13.88 (-3.84%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations For The Upcoming Trading Day Of Tuesday 31st
For the upcoming trading day on Tuesday 31st we expect AMC Entertainment Holdings Inc to open at $13.77, and during day (based on 14 day Average True Range), to move between $12.84 and $16.02, which gives a possible trading interval of +/-$1.59 (+/-11.01%) 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 22.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.48 (0.35%) than the support at $12.23 (15.25%), our systems don't find the trading risk/reward intra-day attractive and any bets should be hold until the stock is closer to the support level.
Is AMC Entertainment Holdings Inc stock A Buy?
AMC Entertainment Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.933Hold/Accumulate Upgraded
Predicted Opening Price for AMC Entertainment Holdings Inc of Tuesday, May 31, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price May 31, 2022||Current price|
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