AMC ENTERTAINMENT HLD. - 15 min. - Technical analysis published on 05/15/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 8.19 USD
My targets
5.06 USD (-1.31%)
4.51 USD (-12.14%)
My analysis
The strong short-term decline of AMC ENTERTAINMENT HLD. reinforces the current slightly bearish trend. As long as the price remains below 8.19 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 5.06 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.51 USD as an objective. Crossing it would then enable sellers to target 2.16 USD. A return to above 8.19 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9
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Additional analysis
Quotes
AMC ENTERTAINMENT HLD. rating 5.13 USD. On the day, this instrument lost -25.11% and was between 4.71 USD and 6.60 USD. This implies that the price is at +8.92% from its lowest and at -22.27% from its highest.4.71
6.60
5.13
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of AMC ENTERTAINMENT HLD. indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.34 | 5.13 | 10.98 | 11.88 | 33.90 |
| Change (%) | -34.89% | - | +114.04% | +131.58% | +560.82% |
| Change | -1.79 | - | +5.85 | +6.75 | +28.77 |
| Level | Major | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1.52 | 2.16 | 4.51 | 8.19 | 10.54 | 14.22 | 16.57 |
| Camarilla | 5.19 | 5.75 | 6.30 | 6.85 | 7.40 | 7.96 | 8.51 |
| Woodie | -2.20 | 1.83 | 3.84 | 7.86 | 9.87 | 13.89 | 15.90 |
| Fibonacci | 2.16 | 4.47 | 5.89 | 8.19 | 10.50 | 11.92 | 14.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.19 | 2.54 | 2.73 | 3.08 | 3.27 | 3.62 | 3.81 |
| Camarilla | 2.76 | 2.81 | 2.86 | 2.91 | 2.96 | 3.01 | 3.06 |
| Woodie | 2.10 | 2.50 | 2.64 | 3.04 | 3.18 | 3.58 | 3.72 |
| Fibonacci | 2.54 | 2.75 | 2.88 | 3.08 | 3.29 | 3.42 | 3.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.89 | 1.64 | 2.28 | 3.03 | 3.67 | 4.42 | 5.06 |
| Camarilla | 2.55 | 2.68 | 2.80 | 2.93 | 3.06 | 3.19 | 3.31 |
| Woodie | 0.85 | 1.61 | 2.24 | 3.00 | 3.63 | 4.39 | 5.02 |
| Fibonacci | 1.64 | 2.17 | 2.50 | 3.03 | 3.56 | 3.89 | 4.42 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.55 | |
| MACD (12,26,9): | -0.3800 | |
| Directional Movement: | -9.51 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 5.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.42 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 6.49 | |
| Zig ZAG (10): | 5.21 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 26.00 | |
| TEMA (21): | 4.87 | |
| Williams %R (14): | -73.54 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -2.7700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9600 | |
| Courbe Coppock: | 30.63 |
| MA7: | 4.22 | |
| MA20: | 3.56 | |
| MA50: | 3.63 | |
| MA100: | 4.17 | |
| MAexp7: | 5.32 | |
| MAexp20: | 5.71 | |
| MAexp50: | 5.85 | |
| MAexp100: | 5.27 | |
| Price / MA7: | +21.56% | |
| Price / MA20: | +44.10% | |
| Price / MA50: | +41.32% | |
| Price / MA100: | +23.02% | |
| Price / MAexp7: | -3.57% | |
| Price / MAexp20: | -10.16% | |
| Price / MAexp50: | -12.31% | |
| Price / MAexp100: | -2.66% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on AMC ENTERTAINMENT HLD. at the time of the analysis were as follows:
- AMC Entertainment Holdings, Inc. Comments on Cineworld Public Statement
- Thinking about buying stock in Ford, Evofem Biosciences, Roblox, AMC Entertainment, or SilverSun Technologies?
- Thinking about buying stock in DraftKings, Warner Bros Discovery, Timber Pharmaceuticals, Geovax Labs, or AMC Entertainment?
- AMC Entertainment Holdings, Inc. Reports Second Quarter 2022 Results
- AMC Entertainment Holdings, Inc. Announces Special Dividend of AMC Preferred Equity Units
This member declared not having a position on this financial instrument or a related financial instrument.
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