The Meme stock AMC Market Analysis
Hello everyone, as we all know the market action discounts everything :)
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The AMC stock has been gaining more and more upper momentum in the last few weeks, After the price dropped to $29.09 the market has been rising by the day, and the long and short term trends are both positive. This is looking good!
If we compare the yearly performance of all stocks, we notice that AMC is one of the better-performing stocks in the market, outperforming 98% of all stocks.
Scenario for the market movement :
The stock price is at 44.02 and it's trending near the support zone extended from 42.86 - 41.35 when the market reaches that zone we are gonna see a lot of Bull power that will try to take control over the market movement and it's going to push the price back up. The first target will be the resistance line at 45.39 and after hitting that and breaking out of it the Bulls will have their eyes on the Major resistance at the 50.95 level.
Technical indicators show :
Daily Support & Resistance points :
support Resistance
1) 42.86 1) 45.39
2) 41.35 2) 46.41
3) 40.33 3) 47.92
Fundamental point of view :
AMC is expected to show quite a strong growth in Earnings Per Share. In the coming 5 years, the EPS will grow by 14.50% yearly.
The Revenue is expected to grow by 57.58% on average over the next 5 years. This is a very strong growth.
{{Not surprisingly, AMC Entertainment stock tops the list of trending WallStreetBets stocks. The company has been mentioned 313 times in the last 30 days although that number is over 50% down from the prior 30-day period. AMC was part of one short squeeze in February and another one in June.
The stock continues to have a high amount of short interest. However, as of this writing, the stock is firmly in the middle of its 52-week range and the stock price appears to be consolidating. The company did record a double beat in its latest earnings report. However, that has not appeared to change the sentiment of analysts who remain mostly bearish on the stock}}. According to MarketBeat
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The AMC stock has been gaining more and more upper momentum in the last few weeks, After the price dropped to $29.09 the market has been rising by the day, and the long and short term trends are both positive. This is looking good!
If we compare the yearly performance of all stocks, we notice that AMC is one of the better-performing stocks in the market, outperforming 98% of all stocks.
Scenario for the market movement :
The stock price is at 44.02 and it's trending near the support zone extended from 42.86 - 41.35 when the market reaches that zone we are gonna see a lot of Bull power that will try to take control over the market movement and it's going to push the price back up. The first target will be the resistance line at 45.39 and after hitting that and breaking out of it the Bulls will have their eyes on the Major resistance at the 50.95 level.
Technical indicators show :
- The market is above the 10 20 50 100 and 200 MA and EMA but below the 5 MA and EMA. ( indicates that for the next few days the price will drop a bit then it will keep on going up)
- The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line.
- The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line
Daily Support & Resistance points :
support Resistance
1) 42.86 1) 45.39
2) 41.35 2) 46.41
3) 40.33 3) 47.92
Fundamental point of view :
AMC is expected to show quite a strong growth in Earnings Per Share. In the coming 5 years, the EPS will grow by 14.50% yearly.
The Revenue is expected to grow by 57.58% on average over the next 5 years. This is a very strong growth.
{{Not surprisingly, AMC Entertainment stock tops the list of trending WallStreetBets stocks. The company has been mentioned 313 times in the last 30 days although that number is over 50% down from the prior 30-day period. AMC was part of one short squeeze in February and another one in June.
The stock continues to have a high amount of short interest. However, as of this writing, the stock is firmly in the middle of its 52-week range and the stock price appears to be consolidating. The company did record a double beat in its latest earnings report. However, that has not appeared to change the sentiment of analysts who remain mostly bearish on the stock}}. According to MarketBeat
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
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