AMC Entertainment Holdings Inc Forecast and Stock Analysis
Technical AMC stock analysis for February 15, 2019.
|Shorts||11.02% ( 2019-01-31 )|
AMC Entertainment Holdings Inc gained 1.03% in the last trading day, rising from $13.65 to $13.79 , and has now gained 5 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. The price has risen in 6 of the last 10 days , but is still down by -2.82% for this period. Volume fell in the last day by -0.16 million shares, and in total, 1.01 million shares bought and sold for approximately $13.98 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 (Friday, 15th Feb 2019) of the AMC stock was $13.79. This is 1.03% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 3.58% from a day low at $13.65 to a day high of $14.14.
30 day high of the AMC stock price was $14.69 and low was $12.82.
90 day high was $15.44 and low was $11.66.
52 week high for the AMC Entertainment Holdings Inc - $21.45 and low - $11.66.
Given the current horizontal trend you can expect AMC Entertainment Holdings Inc with 90% probability to be traded between $12.08 and $15.12 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
AMC Entertainment Holdings Inc holds buy signals from both short- and long-term moving averages, 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 $13.49 and $13.75. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday February 11, 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 47 and the stock is currently not being overbought or oversold
Support & Resistance
AMC Entertainment Holdings Inc finds support from accumulated volume at $13.51.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.49 (3.58%) between high and low. For the last week, the stock has had a daily average volatility of 4.33%.
Our recommended stoploss: $13.18 (-4.41%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
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AMC Entertainment Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.