United

Million

Resistance

Billion

Reversal

<ul class="list-ic vertical">
 <li><span>1</span> <a>In the 52 weeks time frame, AMC share price peaked at $80.74 while its lowest trading price was $7.05.</a></li>
 <li><span>2</span> <a>AMC Entertainment Holdings, Inc. reported a 4.75% uptick in revenue, compared to Q2 2023 estimates.</a></li>
 <li><span>3</span> <a>Bears have been dominating October 26th.</a></li>
</ul>
<p>AMC stock price showed a growth of 14.23% but despite this surge, its price followed a critical path of decline and lost more than 77.55% of its trading price. When writing, the stock of the theater chain giant was trading below 20,50,100 and 200 day EMAs.</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 share price peaked at $80.74 while its lowest trading price was $7.05. AMC Entertainment Holdings, Inc has a market capitalization of $1.853 Billion.</p>
<p>The MACD and signal line seems to be moving parallel to the zero line in the bearish region and its impact on the stock is seen in the weekly time frame (it lost 0.75%).&nbsp;</p>
<p>The RSI is behind the zero line in the bear’s region and looks like it is approaching the bullish zone. TradingView data states that 197.798 Million AMC shares are free floating and remaining 558.574k are closely held.&nbsp;&nbsp;&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/oHRxt99cwqIU1A1CR518j4KRBT7BPhHIafTgDXjyr_WG__VSPS-EGLZkkJfd0FkwQAS7OdVm5Bny1tmTZfgr-eON8X2sumf0k-et_UrGyr2IDshXQU_6yIsNMJSfA6Qza0EExgyow1QDcZMIMGWx26g" alt="AMC Stock Seeking Reversal as MACD Reflecting Positivity&nbsp;" style="aspect-ratio:1.5656742556917689;width: 100%;height:auto">
  <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/x/KKBFcc7W/" rel="noopener noreferrer nofollow">AMC/NYSE Chart by TradingView.</a>
  </figcaption>
 </figure>
</div>
<p>The annual price target of AMC stock is $10.75, which is 15.28% greater than its press time price.</p>
<h3 class="wp-block-heading" id="strong-amc-entertainment-holdings-inc-financial-updates-strong"><strong>AMC Entertainment Holdings, Inc Financial Updates&nbsp;</strong></h3>
<p>In Q2 2023, AMC Entertainment Holdings, Inc reported 4.75% more revenue than the estimates. However the reported EPS was 124.32% greater than the estimates, the supposed EPS was negative $0.36.&nbsp;</p>
<p>The reported revenue of the company in the financial year 2022 was $3.91 Billion and net income was negative $973.60 Million and profit margin was negative 24.89%. Per market analysts, the company was expected to report $4.69 Billion in revenue in 2023.&nbsp;&nbsp;</p>
<p>Long term, total assets of the company are $8.23 Billion and its liabilities are $10.07 Billion. AMC majorly leads its operations in the United States, United Kingdom, Spain, Germany, Finland including several others.&nbsp;</p>
<p><a href="https://www.thecoinrepublic.com/2023/10/19/amc-stock-price-expecting-possible-reversal-after-declining-77/" rel="noopener noreferrer nofollow">AMC Entertainment Holdings</a>, Inc. engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments.</p>
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4>
<p>Support Level: $9.19 &amp; $8.43</p>
<p>Resistance Level: $9.89 &amp; $10.52</p>
<h4 class="wp-block-heading"><strong>Conclusion: </strong></h4>
<p>AMC stock has been following a continuous decline pattern since the past few but when writing the MACD of the stock it seems to be reflecting a positive behavior.<strong>&nbsp;&nbsp;</strong></p>
<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 ideas 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 Seeking Reversal as MACD Reflecting Positivity

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Thecoinrepublic.com

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