Million

Resistance

Billion

Reversal

<ul class="list-ic vertical">
 <li><span>1</span> <a>AMC stock price slipped approximately 77% in a quarter and around 8% in a week.&nbsp;</a></li>
 <li><span>2</span> <a>Major decline in AMC stock price was observed on September 06 2023.&nbsp;</a></li>
 <li><span>3</span> <a>AMC’s reported EPS surged over 124% compared to the estimated EPS.&nbsp;</a></li>
</ul>
<p>AMC stock trading pattern indicates bearishness. Over the past few months, it lost 76.02% of its trading price. However, there was a 11.03% uptick over the month.</p>
<h2 class="wp-block-heading" id="strong-amc-stock-price-analysis-strong"><strong>AMC Stock Price Analysis&nbsp;</strong></h2>
<p>In the 52 weeks time frame, AMC stock price peaked at $80.74 and its lowest traded price was $7.05. When writing, the stock was below 20, 50, 100 and 200 day exponential moving averages.</p>
<p>AMC stock has an annual price target of $10.75. The price target is 17.36% greater than press time trading price. The MACD and signal line are constantly approaching bullish territory while the histogram is reflecting major bulls accumulation.&nbsp;</p>
<p>The RSI line is parallel to the neutral line and if bulls continue their dominance, there is a possibility of a surge. On September 6th, 2023, AMC stock price declined around 36.80%.</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/_nRzgMQsy55veSRCbJOZR8LESPuW7w4t1V1EGqnZr7iGF83TAbP5SmL7lg8BcBauGxZD3kafa9aI5VmFIgiNvykfkpw_hW-5LT2n680gAGbuME3dzSOrS9KYmsLDR_z1RGu5MRe8VqDEZGxVZtL8SFI" alt="AMC Stock Price Expecting Possible Reversal After Declining 77%&nbsp;" style="aspect-ratio:1.7583187390542907;width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   Source: AMC stock price chart from <a href="https://www.tradingview.com/x/5yMpJYjS/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div>
<p>AMC Entertainment Holdings overall market capitalization is $1.817 Billion and the market cap declined significantly in 2023. As per market analysts, on October 19 2023, AMC stock was expected to open above its previous closing price of October 18.&nbsp;</p>
<p>The average trading volume of <a href="https://www.thecoinrepublic.com/2023/09/28/amc-entertainment-stock-price-predictions-for-october-2023/" rel="noopener noreferrer nofollow">AMC shares</a> is 25.654 Million. TradingView data shows that 197.798 Million AMC shares are free floating and remaining 558.574k shares are closely held.</p>
<h3 class="wp-block-heading" id="strong-amc-entertainment-holdings-inc-financial-updates-strong"><strong>AMC Entertainment Holdings, Inc Financial Updates&nbsp;&nbsp;</strong></h3>
<p>The entertainment and cinema chain impressed its investors in the Q2 2023 as the company reported 4.75% more revenue than estimated figures. The reported EPS of the company was 124.32% greeter than the estimated EPS.&nbsp;</p>
<p>Analysts believe that AMC group is expected to report negative $0.31 in EPS and $1.20 Billion in revenue.&nbsp;</p>
<p>In 2022, AMC Entertainment Holdings, Inc. reported $4.03 Billion in revenue from which its net income was negative $973.60 Million and profit margin was negative 24.89%.&nbsp;</p>
<p>In the long term, total assets of the company are $8.23 Billion and liabilities are $10.07 Billion.&nbsp;</p>
<p>AMC Entertainment Holdings, Inc. engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments. The U.S. Markets segment is involved in owning, leasing, or operating theaters and screens in the U.S.</p>
<h3 class="wp-block-heading" id="strong-technical-level-strong"><strong>Technical Level</strong></h3>
<p>Support Levels: $7.71 &amp; $7.05</p>
<p>Resistance Levels: $10.38 &amp; $11.17&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion:</strong></h4>
<p>AMC stock has been declining for the past few months and lost 76.02% of its trading price in a quarter. However, in the monthly time frame, the stock reported an uptick of 11.03%. Market analysts believe that the monthly surge might help AMC stock regain momentum.</p>
<h4 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

AMC Stock Price Expecting Possible Reversal After Declining 77%

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Thecoinrepublic.com

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