Wednesday

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AMC stock price crashed more than 40% in the past 1 week.</a> </li> 
 <li> <span>2</span> <a>AMC Entertainment Holdings’s stock (NYSE: AMC) made a breakdown of $10 to hit a record low of $7.71.&nbsp;</a> </li> 
 <li> <span>3</span> <a>The Analysts offering a 1-year price forecast estimated a maximum reach of $45.</a> </li> 
</ul> 
<p>AMC Entertainment Holdings (AMC stock) price crashed nearly 80% in the last 3 weeks. The stock price registered a new record low on Wednesday breaking below the previous all-time low of $10.35. The price showed no signs of recovery on Thursday’s session and closed at a loss of 5.80%.&nbsp;</p> 
<p>The price analysis of AMC Stock shows that the price chart had been maintaining a continuous declining trend after the breakdown of the 200-day EMA. The 200-day EMA acted as a major resistance for the price recovery and the price declined. The stock has wiped out more than 80% of its value in the last 3 months.</p> 
<p>The daily chart shows that the stock price tried to hold near the $35 level at the previous breakout zone and took multiple supports. The failure triggered a crash in the price losing out 40% of market capitalization in the past 1 week.</p> 
<p>The Analysts offering a 1-year price forecast for AMC Entertainment Holdings have a max estimate of $45 and a minimum estimate of $4.41. AMC Entertainment Holdings engages in the theatrical exhibition business through its subsidiaries.&nbsp;</p> 
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  <img decoding="async" loading="lazy" width="1452" height="782" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-151.png" alt="AMC Stock Price Has Potential To Reach $45, Suggests Analysts&nbsp;" class="wp-image-165817" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-151.png 1452w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-151-300x162.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-151-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-151-768x414.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-151-750x404.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-151-1140x614.png 1140w" sizes="(max-width: 1452px) 100vw, 1452px"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
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<p>AMC stock option-chain analysis states that the current implied volatility in the market is 156.68% with a decrement of 1.73% in the last trading session. The At-the-money strike has an OI of 3,852 on the PUT side and 181 on the CALL side indicating the buyers dominating at the CMP.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-amc-stock-price-crashed-to-hit-an-all-time-record-low-strong"><strong>AMC Stock Price Crashed To Hit An All-Time Record Low&nbsp;</strong></h2> 
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 <figure class="aligncenter"> 
  <img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-150.png" alt="AMC Stock Price Has Potential To Reach $45, Suggests Analysts&nbsp;" class="wp-image-165816" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-150.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-150-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-150-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-150-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-150-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-150-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-150-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px"> 
  <figcaption class="wp-element-caption">
    Source: AMC Entertainment&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
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<p>The AMC stock price currently trades at $8.12 and has made a breakdown to hit an all-time low on Wednesday. The price showed no signs of recovery on Thursday and declined 5% indicating the dominance of the sellers.&nbsp;</p> 
<p>The price may crash more if continues with the same momentum in Friday’s session. The price might slide to the lower round level of $5 in the upcoming session if fails to recover and close above $10.&nbsp;</p> 
<p><br>However, the option chain data shows buyers’ domination at $7.50 which might be a hope for buyers to expect some reversal in the stock price.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-the-technical-indicators-showing-weakness-over-the-chart-strong"><strong>The Technical Indicators Showing Weakness Over The Chart</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" loading="lazy" width="1600" height="747" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-152.png" alt="AMC Stock Price Has Potential To Reach $45, Suggests Analysts&nbsp;" class="wp-image-165818" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-152.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-152-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-152-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-152-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-152-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-152-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-152-1140x532.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px"> 
  <figcaption class="wp-element-caption">
    Source: AMC Entertainment&nbsp; 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily AMC stock price chart shows that the price is trading below the key moving average of 50 and 200 EMA. Also, the EMA is acting as a dynamic resistance for the price.&nbsp;</p> 
<p>The overall Technical Opinion rating including RSI and MACD signals a 90% sell with a strong short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/02/amc-stock-may-file-new-52-week-low-macd-shows-selling-to-follow/" target="_blank" rel="noopener noreferrer nofollow">AMC Entertainment</a> (AMC stock) a theatrical exhibition company, has lost more than 80% of its value in the last 3 months. The stock price broke below the previous all-time low of $10.35 and closed at $8.12 on Thursday. The 200 EMA acted as a major resistance and the price declined continuously. The analysts have a wide range of price forecasts for the next year, from $4.41 to $45. The option chain data shows some buyers’ interest at $7.50, but the price may crash further to $5 if it fails to recover above $10.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $4.90 and $3.13.</li> 
 <li><strong>Resistance levels:</strong> $26.73 and $35.77.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

AMC Stock Price Has Potential To Reach $45, Suggests Analysts

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