Category: Technical Analysis

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.

Bookmark this page if you’d like to see weekly updates like this.

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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