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AMC Entertainment Holdings Inc Forecast and Stock Analysis
Technical AMC stock analysis for April 24, 2019.
|Shorts||4.46% ( 2019-03-29 )|
AMC Entertainment Holdings Inc gained 1.25% in the last trading day, rising from $15.25 to $15.44 The price has been going up and down for this period, and there has been a -4.4% loss for the last 2 weeks. Volume fell in the last day by -0.56 million shares, and in total, 1.28 million shares bought and sold for approximately $19.73 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the AMC stock was $15.44. This is 1.25% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 3.18% from a day low at $15.08 to a day high of $15.56.
30 day high of the AMC stock price was $17.07 and low was $14.53.
90 day high was $17.07 and low was $12.82.
52 week high for the AMC Entertainment Holdings Inc - $21.45 and low - $11.66.
AMC Entertainment Holdings Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $15.01 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.31% during the next 3 months and, with 90% probability hold a price between $17.46 and $20.34 at the end of this period.
Only positive signals in the chart today. AMC Entertainment Holdings Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $15.95. On a fall, the stock will find some support from the long-term average at approximately $15.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday April 23, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
AMC Entertainment Holdings Inc finds support from accumulated volume at $15.26.
This stock may move much during a 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 $0.48 between high and low, or 3.18%. For the last week, the stock has had a daily average volatility of 3.92%.
Our recommended stoploss: $14.61 (-5.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
AMC Entertainment Holdings Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Buy Candidate.
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|AMC $15.44 ($0.19 1.25%)|
AMC is up $0.19 today, but where's it headed in 2019?
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