AMC ENTERTAINMENT HLDS-CL A (AMC) Stock Technical Analysis
USA - NYSE:AMC - US00165C3025 - Common Stock
2.84 USD
-0.06 (-2.07%)
2.82 USD
-0.02 (-0.7%)
We assign a technical rating of 1 out of 10 to AMC. AMC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, AMC is a bad performer in the overall market: 91% of all stocks are doing better.
AMC is part of the Entertainment industry. There are 80 other stocks in this industry, of which 70% are performing better than AMC.
AMC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AMC has a been trading in the 2.75 - 3.18 range, which is quite wide. It is currently trading near the lows of this range.
AMC has an average volume of 13197600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, AMC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.78, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.60
4.11
When analyzing the support we can see 2 important areas.
- Support @2.78 from a horizontal line in the daily time frame.
- A support zone ranging from 2.63 to 2.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 2.89 to 2.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.03 to 3.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 3.12 to 3.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.56 from a horizontal line in the weekly time frame.
- Resistance @4.07 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 | NEUTRAL | NEUTRAL | The short term trend for AMC is neutral. |
| ChartMill Relative Strength | 9.79 | NEGATIVE | AMC has a low relative strength, it was outperformed by 90.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AMC is below the rising 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) | 45.99 | NEUTRAL | The RSI value for AMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AMC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.09 | NEUTRAL | The Stochastics value for AMC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for AMC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.43 | NEGATIVE | The low ADX value for AMC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.84
-0.06 (-2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-2.07%
1 Week-2.07%
2 Weeks-4.05%
1 Month1.07%
3 Month-14.71%
6 Month-3.73%
12 Month-31.89%
2 Year-73.41%
3 Year-95.17%
5 Year-86.36%
10 Year-98.82%
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%4.43%
ATR Inc16.01%
Range Today0.12
ADR(20)0.12
ADR(20)%4.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.79
Mansfield-2.47
10 Day High3.18
10 Day Low2.8
20 Day High3.18
20 Day Low2.75
52 Week High5.56
52 Week Low2.45
CS1 End2.78
CR1 Start2.89
Volume & EV
DER(3)-6.22%
DER(5)-0.53%
Volume19.84M
Volume Incr43.43%
Vol(5)20.25M
Vol(50)13.20M