Category: Technical Analysis

Japan’s Export Portfolio

The trade turnover between Japan and China is a major driving force in the economic dynamics of the Asia-Pacific region. As the two largest economies in Asia, their ties significantly impact each other’s financial well-being and the regional economy as a whole. Japan predominantly exports high-tech goods, such as electronics and chips, to China and other Asian nations, bolstering its own economy by fostering technological advancement, job opportunities, and GDP growth. Recent Japanese export data from March 2024 highlights a significant increase in revenue from supplying chip production equipment to China, soaring by 82.4%.

Japan's Export Portfolio

In particular, the export of Japanese microchips and semiconductors, produced by companies like Toshiba, Sony, and Renesas, is a key aspect of this trade dynamic. Japan’s reputation for quality and precision in electronics stems from strict production standards, continuous research and development, and a culture of constant improvement known as kaizen. Exports of all goods and services from Japan to China saw a robust increase of 12.6% reaching $11.3 billion in March. This positive trend has been maintained for the fourth consecutive month. Japan’s exports to other Asian countries collectively grew by 6.6%, while exports to the United States experienced an 8.5% rise. However, exports to Europe saw a more modest increase of 3%. Overall, these March figures, as reported by the Japanese Ministry of Finance, resulted in a foreign trade surplus, with Japan’s export revenue climbing by 7.3% year-on-year to $61 billion. 

For Japan, trade ties with China are not only essential due to the size of the Chinese market but also because of the numerous export opportunities it presents. Geographical proximity and longstanding cooperation further solidify China as Japan’s preferred trading partner. Beyond electronics, Japan exports automobiles, machinery, chemicals, medical equipment, and various industrial components to China and neighboring countries, supported by government policies promoting innovation and a robust education system.

Japan’s strategic choices in export destinations and import sources, particularly focusing on Asian countries and minimizing reliance on Europe and the United States, are influenced by multiple factors. These include historical economic and cultural ties with neighboring Asian nations, the pursuit of opportunities to integrate into regional value chains, and leveraging geographical advantages. Additionally, close collaboration with China holds the potential to enhance the international standing of the Japanese yen. Increased bilateral trade can spur demand for the yen, bolstering its role as a significant global reserve currency over the long term.

Throughout 2024, the USDJPY performed favorably, reflecting the positive trade dynamics between Japan and its partners. Even minor fluctuations in prices were closely monitored using tools like the free bar replay, shedding light on how external factors influence currency movements.

While actual exports from Japan to China and the United States saw modest increases of 0.9% and 1.8%, respectively, analysts attribute the restrained growth in Japanese exports to these regions to high refinancing rates. They suggest that only with higher prices can more substantial export growth be achieved. Importantly, energy prices play a significant role in determining Japan’s import patterns. In March 2024, export prices from Japan rose by 8.5% year-on-year, while import prices increased by 1.4%, with a notable decline of 6.9% in the energy segment.

Japan’s trade partnership with China holds immense significance for both nations’ economic strategies. This collaboration fosters industry strengthening, technological advancement, and increased interdependence, laying a sturdy foundation for stability and growth in the Asia-Pacific region as a whole.


AMC Entertainment Stock Now Closes The Week Up +10%

AMC Entertainment stock now closes the week up +10% after hitting new record lows — shares continue to fight for the $4 range.

Despite the stock being on a significant downturn this year, market signal are pointing towards a possible reversal.

If price is able to bounce from the $4.30 range, then the stock has a strong probability of continuing its short-term uptrend.

A break below this range may result in AMC Entertainment stock retesting support at $4.21.

Conversely, a break above $4.40 will test buyers’ strength in the $4.50 range.

Market News Today - AMC Entertainment Stock Now Closes The Week Up +10%.
Market News Today – AMC Entertainment Stock Now Closes The Week Up +10%.

CEO Adam Aron blames the pandemic for the company’s current stock price.

“So painful: 4 years after Covid the industrywide box office is still ludicrously anemic & AMC stock has slid to $4.48,” the CEO posted on X, formerly known as Twitter.

“Difficult to think about anything other than guiding AMC back in these challenging times.”

A week later the CEO said in a tweet that the actors/writers strikes are to blame for the slower 2024 box office.

“Media scoffed at my Embiid tweet, but it’s all true.

AMC’s share price is so frustrating.

The 2023 actors/writers strikes have ruined the early 2024 box office.

Almost all I think about is rebuilding AMC.”

The cinema company will report its fourth quarter earnings on Wednesday, February 28th.

Analysts expect AMC to revert back to unprofitability with a GAAP EPS loss of 64 cents.

However, the company has a knack at beating Wall Street expectations and for surprising legacy media.

Based on 7 Wall Street analysts offering 12 month price targets for AMC Entertainment in the last 3 months, the average price target is $7.75 with a high forecast of $12.00 and a low forecast of $5.00, per TipRanks.

The average price target represents a 90.42% change from the price of $4.07.

AMC Entertainment stock is trading at $4.38 at the time of this publication.

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Market News Today - AMC Entertainment Stock Now Closes The Week Up +10%.
Market News Today – AMC Entertainment Stock Now Closes The Week Up +10%.

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AMC Stock Is Now Making Higher Lows This Year

AMC Stock higher lows higher highs
Market News: AMC stock is now making higher lows and higher highs in 2023.

AMC Entertainment (NYSE:AMC) stock is now making higher lows this year after shares fell in throughout 2022.

The movie theatre stock’s trendline has shifted during the first quarter of the new year as we begin to see share prices make higher lows and higher highs in 2023.

AMC is currently up more than +50% this year-to-date but was recently up as high as 110% towards the end of February.

On January, shares rose to $6.07 from $3.93 at the start of the year.

In early February share prices went up to $6.80, then to $8 towards the end of the month.

Shares have retested January’s levels around $6.07 at the start of March.

The macro trendline is now showing AMC Entertainment making higher lows and higher highs in 2023.

In technical analysis, this is seen as extremely bullish.

This is a trend we have not seen in AMC’s share price since 2021 when stocks surged to all-time highs.

One of the biggest roars in the retail community was during this specific timeline — when shares were establishing higher ground.

Will history repeat itself?

And will AMC Entertainment stock beat its all-time high record of $72 per share this year?

Let’s discuss it.

AMC Entertainment Trendline 2023

When looking at AMC’s year-to-date chart, we find that the stock has begun to make higher highs and higher lows in 2023.

We had a low of $3.85 in January, a low of $4.50 in February, and what seems to be a low of $6 in March so far.

AMC Trend Chart
AMC Trend Chart – Franknez.com.

These types of trends in the market may suggest big moves to come.

Not only has technical analysis shown us this in the past but we’ve witnessed it before in 2021 during the height of AMC’s popularity.

AMC’s trend today is a picture perfect snapshot of the months prior to the company’s massive price surge in June of 2021.

If retail investors are able to create enough buying momentum to raise share prices, short sellers may incur a margin call and be forced to close their short positions unless they can meet margin requirements.

And as we know, it’s become much harder to borrow the stock due to the wild fees — recently reaching more than 731%.

Short sellers have been able to keep the lid on AMC from surging again, but for how much longer?

Recent AMC Developments

AMC Latest News – Latest AMC Stock News.

AMC Entertainment said during its earnings report that it is not out of the woods yet, but the company has made progress towards paying its debt and has stayed afloat despite burning through its capital.

AMC Perfectly Popcorn will be sold in more than 2,000 Walmart stores across the country by April — a means to increase revenue.

The company also plans to issue a credit card for customers and capitalize on that business venture as well.

Adam Aron and board members were recently sued for the issuance of its equity APE, which listed in the market back in August of 2022.

The lawsuit is expected to extend or limit the voting rights of AMC’s new proposals to convert APE shares back into common shares of AMC stock, and for a 1-for-10 reverse stock split.

It is still uncertain how the market will react to these proposals.

A reverse stock split will mean the stock will cost more to buy, potentially limiting buy volume from current and new investors.

If AMC’s CTB continues to increase, it may also incentivize short sellers to get out of the play, unless they’re willing to wait for fees to decrease before beginning to short the stock back down.

Rest assured, you can all your updates on Franknez.com.

Will AMC Stock Continue to Make Higher Lows and Higher Highs?

AMC’s current trend remains bullish.

In the past, we’ve seen this trendline lead shares higher and higher despite attempts to bring it back down.

At some point, when pressure is released, it becomes harder to keep the stock from rising.

Is AMC getting ready to for a new all-time high?

I’d love to hear your thoughts on this.

Leave a comment down below.

Related: What is The Likelihood of AMC Squeezing Any Moment?

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Will AMC Stock Keep Rising this Week? (Updates)

Will AMC stock go up this week? Market news + updates.
Will AMC stock go up this week? Market news + updates.

AMC Entertainment (NYSE:AMC) stock is currently trading around $5.64 per share.

The movie theatre stock had fallen below $4 just weeks ago but has risen above main support levels again.

AMC stock is up approximately 2% on Monday morning despite low trading volume.

We’re also seeing short interest in AMC Entertainment stock dropped from 22.10% to 21.96%.

Could this explain why we’re seeing small gains early this week with very low volume?

And will AMC stock continue to go up this week?

Let’s dive into some quick technical analysis that will allow us to identify where the stock may go short-term.

AMC Technical Analysis Today

Technical Analysis – $AMC stock.

AMC Entertainment stock is currently consolidating around $5.64 per share.

A break above this level may send AMC to retest $5.82 per share during any day this week.

Beyond the $5.80 level is $6.16.

However, if AMC fails to break above the consolidating level of $5.64, we can expect to see AMC stock drop and retest its major support level of $5.55.

Short sellers closing small positions or heavy buying volume from retail investors will carry the momentum towards the upside.

The weekly MACD shows us buyers are in control and indicators show no signs of slowing buyers or big sellers stepping in.

Rejection at $5.80 could mean more consolidation for AMC.

But as we’ve seen in the market time and time again, any whale may step in to either buy or sell the stock, contradicting what chart patterns are signaling.

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Recent News

AMC’s cost to borrow continues to rise.

In the past, we’ve seen how important this data has been regarding major price runup.

Not only does a high cost to borrow incentivize short sellers to close their positions, but it gets AMC one step closer to a squeezing.

The cost to borrow is the average annualized percent (%) of interest on loans hedge funds have to pay.

AMC has approximately 179.25 million shares on loan as of the publication of this article.

Hedge funds are paying 135% annually on these loans.

This translates to $241.9 million per year, or $20.16 million per month.

Related: Breaking AMC Stock News

Follow AMC’s short interest here

AMC short interest
AMC Short Interest Today: Will AMC Keep Rising?

I publish AMC’s, along with GME, MULN, BIOR, APE, LUCID, and other tickers short interest here.

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