Tag: AMC Technical Analysis

Will AMC Stock Go Up or Down This Week?

March 9, 2023 / Frank Nez / 2 Comments

Will AMC Entertainment (NYSE:AMC) stock go up or down this week?

The stock has been setting higher highs and higher lows this first quarter of 2023, but AMC recently broke below its rising trendline.

AMC Entertainment stock is up more than +48% year-to-date but saw gains upwards of +110% last week.

The movie theatre company is currently in a grey area where investors are being given the option to vote on a reverse stock split and conversion of APE equity back into AMC common shares.

Regardless, AMC stock technicals are showing us big probabilities pointing price towards a particular direction.

So, will AMC stock go up or down this week?

Let’s dive into the charts.

AMC Technical Analysis

AMC Entertainment broke its upward trend when price fell below $6.60.

The stock is currently testing another upwards channel at a support level around $5.70-$5.85 (yellow support level on chart below).

will amc stock price go up or down — AMC stock price probabilities.

There are three major probabilities here.

AMC stock bounces from the current support (yellow line) and tests $6.80 (blue line above) before either breaking above it to retest $8.50 or rejects it and hits support (yellow line) again. The strength of buyers or sellers will determine whether the wedge breaks above or below the trend.
Another possibility is we see AMC Entertainment stock break below its current support level (yellow line) and retest as low as $3.90-$4.00 per share. Volume on Wednesday was twice is average so unless buyers step in, this could be the higher probability in the coming days.
The third scenario is we see AMC stock have a clean bounce from its current support level (yellow line) and break above $6.80 and $8.50. A break above $8.50 will send the stock to test $9.10, then $10.30. A break above $10.30, which will require a lot of buying pressure send AMC Entertainment stock to $11, $14, and $18+ without warning.

will amc stock go up — AMC stock price probabilities.

Which probability is stronger?

A head and shoulders pattern has formed which is a bearish technical analysis pattern.

Often times, we see share prices tumble when this pattern presents itself.

However, it’s still important to keep in mind that the other two probabilities are still very valid.

The overall macro picture shows us AMC is still in an upwards channel as it sets higher lows and higher highs.

But I’m curious to hear your thoughts on where AMC is going.

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Market News Today - Will AMC stock go up or down this week? — Market News Today – Will AMC stock go up or down this week?

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Will AMC Stock Keep Rising this Week? (Updates)

January 23, 2023 / Frank Nez

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

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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AMC Stock: Are 1,000% Gains on The Horizon?

September 7, 2022 / Frank Nez

Will AMC Go up - Will AMC squeeze? — Market News: AMC’s TTM Squeeze indicator is ready to transition.

AMC stock yielded more than +3,000% gains last year when the stock surged to $72 per share.

Is a new all-time high on the horizon?

AMC Entertainment stock has been trading lower since the stock split occurred, but both AMC and APE shares continue to slide.

In a recent YouTube video on my channel, I touched topic on an indicator I use when day trading called the TTM Squeeze indicator.

It tracks and signals strong upcoming momentum on both the up and downside, and I’ve been keeping a close eye out on AMC’s weekly timeframe.

This same indicator confirms the rally up to $72 per share last year as well as the entire downtrend we’ve seen since.

Here’s what it’s showing may come next.

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AMC TTM Squeeze indicator

I gave a quick 6-minute introduction to AMC’s TTM squeeze indicator on my channel last week; you may watch it below in case you missed it.

Subscribe for more updates like this one.

But I’m going to be publishing a brand-new video updating the community where AMC stands and what we can expect moving forward based on this indicator, later this week.

Be sure to subscribe to the channel and opt in for notification so you do not miss it when it comes out.

In this article I want to go over the possible BIG rally that may lie ahead for AMC Entertainment stock given the circumstances of specific factors.

One of the biggest being momentum.

AMC saw gains upwards of +3,000% last year when retail investors purchased the stock en masse, which snowballed into FOMO from more retail investors and even institutions.

The reason it worked was because AMC had a high short interest and institutions gained confidence in the opportunity as investors piled in to squeeze short sellers from their short positions.

AMC’s short interest dropped from 23% to 20% before it began to move up.

The stock gained momentum when the short interest further dropped to 14% before picking back up this year.

And luckily for retail investors, AMC’s current reported short interest is at 21.30%.

Bookmark: Free Live Daily Updates: AMC Short Interest

What’s it going to take for AMC to surge again?

It’s going to require retail momentum and institutional investor confidence for AMC to surge like it did last year.

This bullish momentum is what triggered a small percentage of short sellers to close their short positions, further fueling the rally.

If AMC’s TTM Squeeze indicator has a complete transition from bearish momentum to bullish momentum, then AMC stock will be taking its first steps towards another massive swing this year.

I will be going over the indicator later this week on my channel for the weekly timeframe update.

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Where is AMC Entertainment Headed Next Week?

August 20, 2022 / Frank Nez

Market News: will AMC go up next week on Monday? — Market News: Will AMC go up next week on Monday?

Big changes are happening next week for AMC Entertainment.

Shareholders are going to be receiving AMC’s Preferred Equity, or APE as a dividend starting on Monday.

The stock closed at $18.02 on Friday after being up more than 7 times pandemic levels just a little over a week ago.

AMC’s share price has since cooled off from its rally up to $26 but retail investors are convinced market makers are pushing the stock down.

Regardless, shareholders are optimistically anticipating some bullish momentum.

Here is what we can expect from AMC Entertainment stock next week.

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AMC to distribute APE stock

On Monday, August 22nd, AMC shareholders will be receiving an exact amount of APE stock equivalent to the amount of AMC shares they hold.

APE will trade for half the price of AMC’s share price at the close of AMC on Friday, which means shareholders can expect AMC and APE to trade approximately around $9 per share each, respectively.

Market conditions will determine the price of both securities moving forward based on supply and demand of course.

But this means both assets will be on a heavy discount.

While APE stock provides AMC Entertainment with capital, some investors see the security as a collectible – part of the movement against Wall Street corruption.

There’s no doubt shareholders will be purchasing both AMC and APE stock next week but if institutional buyers get involved, it could mean heavy price action.

While institutions might not be into APE as much as ‘apes’ are, APE could prove to be an incentive for institutional buyers to buy AMC at a bargain.

APE is already going to improve AMC’s fundamentals drastically since it’s ultimately a pool of capital for the company to access at any moment.

AMC Entertainment stock might attract investors who see this power move as a genius strategy.

Is momentum guaranteed next week?

Momentum and buying pressure are never guaranteed in the market.

Investor sentiment will dictate how much buying pressure feeds both AMC and APE stock next week.

It’s all about interest, and majority of AMC shareholders seem to be interested in adding to their positions.

Shareholders have been buying AMC stock prior to the distribution of the dividend to receive more APE shares.

More than 513 million APE will be distributed, essentially initiating a share count.

Retail investors betting on an AMC short squeeze are determined APE could be the catalyst that will expose synthetic shares in the market and trigger AMC to squeeze past its previous all-time high.

And while AMC does have the potential to squeeze based on its high short interest data, only time will tell if APE truly is the catalyst for what could be one of the most incredible plays in the history of the stock market.

AMC technical analysis

AMC Entertainment stock is hovering just above a massive level of support around the $17-$18 range again.

This means that AMC has the potential to bounce from this level of support and retest rejection levels around $27 per share.

AMC Technical Analysis - Franknez.com — AMC Technical Analysis – Franknez.com

Breaking $27.50 could set AMC on a course to the unknown where it may surpass last year’s all-time high of $72 based on how high the demand for the stock is.

As of now, what we can expect next week for AMC Entertainment is a coin toss.

AMC’s share price will be lower with the issuance of APE stock which means shareholders will have to lift AMC back to these trend lines.

Momentum has always been AMC’s catalyst though, and I’m confident that with enough buying pressure, retail investors will see a bounce back in the coming days.

But I’d love to hear your thoughts in the comment section down below.

What do you anticipate for AMC next week?

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