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AMC - Week of June 17, 2024Its been a while since I published anything. I have been working on getting better at my skills and TA, just to be honest. Two years later and AMC looks attractive again. Why?... Well it derives from a bunch of degenerate cultist (like myself) who believe in the stock / company, the evolution of what we know as the theater industry, and same fractal patterns reoccurring. Oh yeah, and the correlation of GME and AMC being exact. So I will approach this PROJECTION (because thats all this is & NOT FINANCIAL ADVICE!) as a sympathy play to GME. See GME analysis on the next post. I begin doing a top down analysis. Here is the Monthly view on AMC. Currently price closed at 4.99 on June 14, 2024. lol Cant make this up! I simply see a Dumb Money sequel - Hedgies Getting Wedgies - Coming to an AMC theater near you. When we squeeze I see it AMC going to 174 - 154 per share price before it is met with great resistance and pulls back. Here is where the real test comes, we will see if with enough force AMC breaks this wall of Hedgies. Shall it have a blow the top off moment, it needs to stay above 195 to get to All Time Highs! I could be completely wrong and it goes to zero.... NYSE:AMC
NYSE:AMCLong
by AnthonyGarciaEth
4
$AMC Descending Broadening Wedge FormationOverview: NYSE:AMC is currently exhibiting a classic descending broadening wedge formation, a bullish reversal pattern that suggests potential upward movement. This setup is characterized by two diverging trendlines, with the price making lower lows and lower highs within the pattern. Long-Term Target: Based on the wedge formation, our long-term target is a move back to the top of the descending broadening wedge, around the ~$300 level. This target aligns with historical price action and significant resistance areas. Short-Term Targets: Before reaching the long-term target, NYSE:AMC is expected to hit several key resistance levels. Our short-term targets are in the $10-$15 range, where the price is likely to encounter the major resistance trendline. Trade Strategy: Entry Point: Look for entry opportunities near the lower boundary of the wedge, ideally around current support levels. Short-Term Profit Taking: Consider taking partial profits as NYSE:AMC approaches the $10-$15 resistance zone. Stop Loss: Set a stop loss below the recent swing low to manage risk. Technical Indicators: RSI: Monitoring for oversold conditions that could indicate a potential reversal. Volume: Increased volume near support levels can confirm buying interest and potential breakout. Conclusion: The descending broadening wedge on NYSE:AMC suggests a potential bullish reversal, with significant upside targets in both the short and long term. Traders should watch for breakouts above resistance levels and manage risk accordingly.
NYSE:AMCLong
by STP_MrNodeItAll
AMC Entertainment's Stock Plummets 16% on Proposed Stock SaleAMC Entertainment ( NYSE:AMC ), the nation's largest theater chain, is facing turbulent times once again as its shares plummet over 16% in response to a proposed stock sale of up to $250 million. The company cites a soft first-quarter box office and increased cash burn as reasons behind the move, leaving investors concerned about the chain's financial stability. The decision to raise capital through stock sales comes amid ongoing challenges for NYSE:AMC , exacerbated by last year's Hollywood strikes and subsequent cash flow disruptions. Despite a slight bounce in premarket trading, AMC's stock remains down significantly, highlighting investor skepticism about the company's ability to weather the storm. The pandemic dealt a severe blow to AMC's financial health, pushing it to the brink of bankruptcy. While its meme stock status provided a temporary reprieve, the underlying debt burden and operational challenges persist. CEO Adam Aron has emphasized the importance of bolstering liquidity to navigate the uncertainties ahead, even as retail investors express concerns about dilution of their stake. The company's recent fourth-quarter numbers offered a glimmer of hope, with improved performance attributed in part to successful film releases like Taylor Swift's The Eras Tour. However, Wall Street analysts remain cautious, citing AMC's significant financial leverage and the looming specter of potential balance sheet restructuring. Moody's Investor Services has underscored the precarious nature of AMC's debt capital structure, warning of the possibility of further distressed exchanges or restructuring. As AMC charts its course forward, investors are left grappling with the uncertain future of the iconic movie theater chain in an ever-evolving entertainment landscape. In the face of mounting challenges, AMC's resilience will be put to the test once again. Whether it can successfully navigate these turbulent waters and emerge stronger on the other side remains to be seen. Stay tuned as NYSE:AMC Entertainment continues to navigate the highs and lows of the movie industry, with investors eagerly watching for signs of stability amidst the storm.
NYSE:AMC
by DEXWireNews
2
AMC Entertainment (NYSE: AMC) Stock: Buy or Sell? AMC shares are currently trading near their all-time low, despite the fact that the company's fundamentals are at their strongest since the onset of the pandemic. AMC Is Trading at an All-Time Low AMC Entertainment (AMC) - would be classified as a penny stock right now if it weren't for the 1-for-10 reverse stock split that the company implemented at the end of August. In fact, if it hadn't been for the reverse split, AMC — which trades for around $6 — would be worth 69 cents per share today. AMC reached an all-time high of $551 per share in 2021 (adjusted for the reverse stock split). However, the stock has experienced a significant decline in value since August. This decline can be attributed to the substantial dilution that resulted from the conversion of preferred shares into common stock. This downward trend contrasts with the sustained high share price levels that AMC enjoyed over the past two years, supported by its loyal retail shareholders, affectionately referred to as the "Apes." The technical indicators reveal significant selling pressure on AMC shares in recent months. The 14-day Relative Strength Index (RSI) reads 29, indicating oversold conditions. In such a situation, a reversal becomes more likely if a catalyst emerges to alleviate the selling pressure and propel the shares into a bullish trend. AMC's Business Is in the Best Shape Since the Pandemic Paradoxically, at the same time that AMC shares have sharply declined, the company has begun reporting its best financial results since 2019 — before the COVID pandemic. For the third quarter, AMC disclosed record-breaking revenue and EBITDA (earnings before interest, taxes, depreciation, and amortization), surpassing even pre-pandemic numbers. This success was attributed to the release of international blockbusters such as Barbie and Oppenheimer. Despite a recorded 16% decrease in theater attendance compared to 2019, a remarkable 30% increase in per-patron spending significantly contributed to AMC's robust revenue results. However, AMC still grapples with a substantial debt burden. The company's long-term debt stands at $4.75 billion, and its current ratio (total assets divided by total liabilities) is 0.46, raising some concerns. The company's decision to raise equity to address this issue has been well-received. With the recent sale of $350 million worth of shares, AMC is poised to raise approximately $700 million this year. This infusion of capital will help strengthen its liquidity position, facilitate debt write-offs, and alleviate any short-term survival concerns. Price Momentum AMC is trading near the bottom of its 52-week range and below its 200-day simple moving average. What does this mean? Investors have been pushing the share price lower, and the stock still appears to have downward momentum. This is a neutral sign for the stock's future value.
NYSE:AMCLong
by DEXWireNews
AMC Entertainment Holdings Options Ahead of EarningsIf you haven`t bought AMC before the Gamma Squeeze: or sold before the approved combining AMC shares & APE units: Then analyzing the options chain and the chart patterns of AMC Entertainment Holdings prior to the earnings report this week, I would consider purchasing the 10usd strike price in the money Calls with an expiration date of 2023-11-10, for a premium of approximately $1.17. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. I`m still bearish for the long run. Might end up in bankruptcy after all. Looking forward to read your opinion about it.
NYSE:AMCLong
by TopgOptions
1
$AMC back to $2.72$AMC looks like it's headed for another low. I could see the potential for AMC to rally up to the $8.30ish region, but if price rejects that range or just falls here, it increases the likelihood that AMC will fall from here back to the $2 range. The bottom of the blue channel structure has already been tested multiple times and has weakened support. If it breaks the bottom of the channel price should decline quickly-- back to the $2.72 area. Be careful if you're long.
NYSE:AMCShort
by benjihyam
15
AMC Shareholders approved combining AMC shares & APE units !Even though I was one of the first to signal you about the AMC potential to become the next GME Gamestop: Today I want to share with you my Bearish Thesis: In my opinion, there are factors that suggest AMC Entertainment Holdings (AMC) may experience a decline in share price following the APE (Additional Paid-in Capital) conversion. The approval of combining AMC common shares and APE units by an overwhelming majority of shareholders (87% in favor) indicates a significant increase in the capacity to issue additional common shares (88% in favor). The increased capacity to issue common shares can potentially lead to dilution of existing shareholders' ownership. As more shares are issued, the existing shares represent a smaller portion of the overall ownership in the company. This dilution, coupled with the potential influx of additional shares in the market, can put downward pressure on the share price. Furthermore, the approved combination of AMC common shares and APE units may result in increased selling pressure as some shareholders may choose to liquidate their positions. This increased supply of shares in the market can further contribute to downward price movement. Considering these factors, my price target of $3.80 by fall reflects a bearish sentiment for AMC's stock. It is important to note that the price may even go lower due to the potential dilution and increased selling pressure resulting from the shareholder-approved measures. Looking forward to read your opinion about it.
NYSE:AMCShort
by TopgOptions
3
✨ NEW: EQUITY POSITION ✨ AMC (1D) ✨ TP3 @ 7.61 (closing ALL BuyTP3 @ 7.61 (closing ALL Buy Orders) TP2 @ 7.00 (shaving 25% or closing) TP1 @ 6.33 (shaving 25% or closing) BLO1 @ 5.55 ⏳ BLO2 @ 4.10 ⏳ ADDITIONAL INFO: 00:00 Shout out to @Casey_Louis 🙌 00:50 Curve Analysis 01:47 Buy Orders 02:56 Key Take Profit Levels 03:27 Gaps, Resistance, and ISR 05:52 Fundamental Analysis 00:00 Boost, Follow, Comment, Join FUNDAMENTAL ANALYSIS Soon, AMC Entertainment expects to report a loss per share of 17 cents. This loss, of course, is much narrower than the 65 cents-per-share loss it posted in the first quarter of 2022. The investor sentiment is that they hope to see a significant improvement to AMC's balance sheet in the first quarter, including a decrease in the company's debt. But AMC investors should be aware of management's plan to convert APE units into common shares, which will likely continue to create volatility in AMC stock.
NYSE:AMCLong
by ProfessorCEWard
Billions of shares sold short, market manipulation, and CitadelOver the past few months, the AMC/APE craze has been underway, with plenty of retail investors spamming various social networks and prompting others to buy the company’s shares. As per the information in tweets, memes, and messages, this retail investors’ uprising aimed to bring down hedge funds, with the central target being Citadel. There were numerous instances during this time when people claimed the price of shares would burst into multiples if all investors stuck together and continued buying collectively, not allowing hedge funds to buy shares and close their short position (leading to their downfall). In fact, during this period, we encountered numerous statements about billions of shares being sold short. Meanwhile, only about 513 million shares were outstanding for AMC and 519 million for APE in the third quarter of 2022. At the same time, the short interest on AMC shares amounted to approximately 20%, with 101 million shares being sold short; and only 33.5 million shares of APE being sold short. These figures obviously deviate too far from what the retail narrative promotes. Furthermore, many people promoting this narrative and encouraging others to buy shares do not seem to realize what they are doing might be potentially criminal and classified as market manipulation. Furthermore, a lot of information concerning the whole craze is entirely wrong. Many people seem confused about “wrapped-AMC token” with over 8 000 000 000 000 000 in supply being related to the AMC company. However, anyone can create a token and name it “AMC token,” regardless of whether it is associated with the company. As for Citadel, we have failed to find any disclosure of their short position on AMC/APE during the respected period. In our series of tweets last month, we warned that the regulator has most likely learned a lesson from 2021 and would step in and halt trading if buying activity picked up significantly. Shortly after that, that is what occurred when the regulator poured cold water on the rally with a temporary halt to trading. Year to date, shares of AMC are down approximately 70%, which is far away from what was promised by those shouting “buy and hold.” Therefore, this whole situation should serve as a reminder of being cautious about what you see and listen to. Always do your due diligence. Illustration 1.01 In the 2021 meme stock hysteria, shares of AMC jumped up as high as 44.61$. Please feel free to express your ideas and thoughts in the comment section. Additionally, if you have more information on this topic, feel welcome to share it with us. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NYSE:AMC
by Tradersweekly
33