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AMC Entertainment Holdings Inc Stock Forecast NYSE:AMC

$31.04 (7.82%)

Volume: 48M

Closed: Dec 07, 2021

Hollow Logo Score: -5.210

AMC Entertainment Holdings Inc Stock Forecast

$31.04 (7.82%)

Volume: 48M

Closed: Dec 07, 2021

Score Hollow Logo -5.210
Which way will AMC go? Request
Key Stats
P/E Ratio -7.96
Beta -4.22
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The AMC Entertainment Holdings Inc stock currently holds an RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

A very strong day for AMC Entertainment Holdings Inc stock price on Tuesday
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-26 Loss -17.51%

The AMC Entertainment Holdings Inc stock price gained 7.82% on the last trading day (Tuesday, 7th Dec 2021), rising from $28.79 to $31.04. During the day the stock fluctuated 7.39% from a day low at $29.50 to a day high of $31.68. The price has fallen in 8 of the last 10 days and is down by -24.73% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 48 million shares were bought and sold for approximately $1.48 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 -17.64% during the next 3 months and, with a 90% probability hold a price between $23.06 and $34.75 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 8.65%. Further rise is indicated until a new top pivot has been found. 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 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 $31.21 and $37.74. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

AMC Entertainment Holdings Inc finds support from accumulated volume at $30.28 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 $2.18 between high and low, or 7.39%. For the last week, the stock has had a daily average volatility of 17.61%.

AMC Entertainment Holdings Inc is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Is AMC Entertainment Holdings Inc stock A Buy?

AMC Entertainment Holdings Inc holds several negative signals and is within a very wide and falling trend, so we believe 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: -5.210

Predicted Opening Price for AMC Entertainment Holdings Inc of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$30.74 $31.04 (Overvalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Nov 17, 2021 "Citigroup" gave "$5.00 - $6.00" rating for AMC. The price target was set to $42.84+0.6%.

Volatility and Risk
Daily Average Volatility: 17.61 %
Overall Risk: Very High High Medium Low Very Low
Volatility
17.61 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $36.83
Price: $31.04
Support: $30.28

AMC Insider Trading Show all Trades

INSIDER POWER

0.648

Last 100 transactions
Buy: 49 009 521 | Sell: 75 629 197 (Shares)
Date Action Amount Person Type
Dec 02, 2021 Sell 33 333 Goodman Sean D. Restricted Stock Units
Dec 02, 2021 Buy 15 017 Goodman Sean D. Class A Common Stock
Dec 02, 2021 Buy 33 333 Goodman Sean D. Class A Common Stock
Nov 12, 2021 Sell 26 667 Ellis Daniel E Class A Common Stock
Nov 11, 2021 Sell 18 250 Cox Chris A Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.648

Last 100 transactions
Buy: 49 009 521 | Sell: 75 629 197 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 32.92 6.06 %
32.09 3.37 %
31.57 1.72 %
Current price: 31.04
Support 29.91 -3.65 %
29.39 -5.31 %
28.56 -7.99 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 38.46 23.90 %
38.06 22.62 %
36.83 18.65 %
Current price 31.04
Support 30.28 -2.45%
29.01 -6.54%
28.57 -7.96%

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About AMC Entertainment Holdings Inc

AMC Entertainment Holdings AMC Entertainment Holdings, Inc., through its subsidiaries, operates as a theatrical exhibition company in the United States and internationally. It owns, operates, or has interests in theatres. As of June 30, 2016, the company owned, operated, or had interests in 386 theatres with 5,334 screens primarily in the United States. The company was founded in 1920 and is headquartered in Leawood, Kansas. AMC Entertainment Holdings, Inc. is a subsidiary... Read more

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