AMC ENTERTAINMENT HLDS-CL A (AMC) Stock Technical Analysis
USA - NYSE:AMC - US00165C3025 - Common Stock
We assign a technical rating of 0 out of 10 to AMC. AMC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of AMC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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2.39
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.58 to 2.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.86 to 2.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.07 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AMC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMC is down. |
| ChartMill Relative Strength | 9.09 | NEGATIVE | AMC has a low relative strength, it was outperformed by 90.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.43 | NEUTRAL | The RSI value for AMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AMC has a negative trend. |
| Stochastics (14,3) | 12.18 | OVERSOLD | The low Stochastics value suggests AMC may be oversold. |
| Average True Range in percent/ATR (20) | 5.12 | HIGH VOLATILITY | The high ATR as a percentage value for AMC suggests high volalility. |
| Average Directional Index/ADX (14) | 16.08 | NEGATIVE | The low ADX value for AMC suggests a weak or negative trend. |
2.41
-0.19 (-7.31%)
AMC ENTERTAINMENT HLDS-CL A / AMC FAQ
What is the ChartMill technical rating of AMC ENTERTAINMENT HLDS-CL A (AMC) stock?
ChartMill assigns a technical rating of 0 / 10 to AMC.
What is the current trend direction of AMC ENTERTAINMENT HLDS-CL A (AMC) stock?
The current trend direction for AMC ENTERTAINMENT HLDS-CL A (AMC) is Bearish.
What is the RSI signal for AMC stock?
AMC ENTERTAINMENT HLDS-CL A (AMC) has an RSI value of 33.4301. This indicates that the stock is currently neutral.
What is the short term momentum for AMC stock?
The short term momentum for AMC ENTERTAINMENT HLDS-CL A (AMC) is negative.
What are the support and resistance levels for AMC ENTERTAINMENT HLDS-CL A (AMC) stock?
AMC ENTERTAINMENT HLDS-CL A (AMC) has a resistance level at 2.58. Check the full technical report for our detailed analysis of AMC support and resistance levels.