Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AMC Entertainment’s stock price was $4.04 with a rise of 7.73% in the last 24 hours (press time).</a> </li> 
 <li> <span>2</span> <a>AMC Entertainment AMC stock price was trading with strong uptrend momentum in the last trading session.&nbsp;</a> </li> 
 <li> <span>3</span> <a>AMC’s share price has recovered above 20-EMA to reach the 50, 100, and 200-day daily moving averages.</a> </li> 
</ul> 
<p>AMC stock price emphasizes bulls’ dominance and is endeavoring to reach the round figure of $5. This positive growth indicates a potential upward tendency for AMC stock, with a projected target of $5. Accordingly, buyers are expected to maintain their long positions in the stock.</p> 
<p>AMC Entertainment stock is now trading above the key moving averages and is giving bullish signals. Additionally, based on the recent trading sessions, the chart structure indicates a favorable conditions for buyers.&nbsp;</p> 
<p>The stock has attained momentum and is poised for a potential upward move, with a target of $5. The renewed action and improving traction further support the positive perspective for buyers in the market.</p> 
<p>At press time, AMC stock was trading at $4.04 with an intraday growth of 7.73%, showing bullishness and a positive outlook on the charts. Furthermore, the intraday trading volume was 71.478 Million, while the market cap was $2.098 Billion.</p> 
<p>However, if buying volume adds up, then the price might support the bullish momentum by making higher highs pattern. Hence, the <a href="https://www.thecoinrepublic.com/2023/08/18/super-micro-computer-smci-stock-will-downfall-lead-to-200/" rel="noopener noreferrer nofollow">AMC Entertainment price</a> is expected to move upward giving bullish views over the daily time frame chart.</p> 
<h2 class="wp-block-heading" id="strong-amc-stock-price-technical-analysis-strong"><strong>AMC Stock Price Technical Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/dD4GyOQ6r_vW7fHmUqZcB5GKZCaBHd7FgukOrqUKqbOz2LJma8F0vDIuwK56MxMhVw2e5QgBPZhXiWrwp0ufsxXonmArTz3FOrWi4QZwzv0eAXiwJvPtbY8MCTSqjBeDLp1VHpYTFzgrvM3VXU1Zpw" alt="AMC Entertainment Holdings, Inc. Stock Price Prediction SEP 2023"> 
  <figcaption class="wp-element-caption">
    Source: AMC Entertainment.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>Currently, AMC Entertainment stock (NYSE: AMC) is trading above the 50 and 200-day SMAs (Exponential moving averages), which support the price momentum and the bullish cross above 50 and 200 EMA indicates a strong bullish trend.</p> 
<p>The current value of RSI is 56.56 points. The 14 SMA is above the median line at 59.22 points which indicates that the AMC Entertainment stock is bullish.</p> 
<p>The MACD line at 0.0277 and the signal line at 0.0269 are above the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in momentum.</p> 
<p>The stochastic RSI is consolidating near the overbought level and the %D and %K lines make a negative crossover between them though it is yet to intercept the 70 RSI zone. The present value of stochastic RSI is 57.36 points.</p> 
<h3 class="wp-block-heading" id="strong-analysts-take-on-amc-entertainment-stock-strong"><strong>Analysts’ Take on AMC Entertainment Stock</strong></h3> 
<p>Out of 8 analysts covering AMC Entertainment stock, 0 are recommending AMC Entertainment as a ‘Strong Buy,’ 0 are recommending AMC as a ‘Buy,’ 3 are recommending AMC Entertainment as a Hold, 0 (0%) are recommending AMC as a ‘Sell,’ and 5 are recommending AMC as a ‘Strong Sell’.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" width="898" height="329" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-102.png" alt="AMC Entertainment Holdings, Inc. Stock Price Prediction SEP 2023" class="wp-image-160172" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-102.png 898w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-102-300x110.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-102-768x281.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-102-750x275.png 750w" sizes="(max-width: 898px) 100vw, 898px"> 
  <figcaption class="wp-element-caption">
    Source: Trading view 
  </figcaption> 
 </figure> 
</div> 
<p>The average AMC stock price target is $2.25, which implies a potential downside of 44.31% from the current price of $4.04. The highest AMC stock price target is $4.50, while the lowest AMC Entertainment stock price target is $0.5000.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>AMC Entertainment (NYSE: AMC) technical oscillators highlight the bullish trend. The MACD, RSI, and EMA are giving positive signs and imply that the uptrend may continue in the AMC Entertainment stock price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. However, investors and traders should wait for proper setup for the next move and avoid FOMO.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> Nearest support levels are $4.02 and $3.06.</li> 
</ul> 
<ul> 
 <li><strong>Resistance Levels:</strong> Narest resistance levels are $6.08 and $7.18.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

AMC Entertainment Holdings, Inc. Stock Price Prediction SEP 2023

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 18, 2023

SpaceX Sold $373 Million Worth of Bitcoin Acquired in 2021-2022

QCP Capital Releases Its New Report Following Bitcoin’s Latest Decline

BTC May Drop Below $26K as Whale Activity Continues: Report

XRP Trader Made Millions Today Thanks to This 'De-Peg'

Smart Trader Dumped $14,400,000 ETH Before the Market Crash – Here’s What Happened Next

Bitcoin’s Correlation with S&P 500 Grows as Crypto Market Sees $1B+ in Liquidations

Join our free newsletter for daily crypto updates!