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- AMC Stock Price Prediction suggests that the asset is trying to reverse the trend from the lower trendline of the consolidation phase over the daily price chart.
- AMC Stock is currently slumped below 20, 50, 100 and 200-days Daily Moving Average.
- AMC Entertainment Holdings Inc’s Stock price has dropped by 2.61% in the last 24-hour period.
AMC Stock price prediction suggests the strong downtrend momentum as sellers are trying to put the asset in oversold state. However, buyers may approach during the day’s trading session to provide a kickstart to the stock. The continuous struggle of AMC stock price has been a matter of discussion between the traders and analysts. The worry of the investors in AMC Entertainment Holdings Inc is genuine as the value of the asset is approaching the lower trendline of the consolidation phase. Meanwhile, the price of stock has dropped by more than 36% in the 9 consecutive trading sessions, it will reach 40% by the end of this week, some traders believe. Some analysts on the other hand are bullish over AMC stock as the value of the asset may reverse from the lower trendline at $5.10.
AMC Stock price is currently approximated at $5.60 and has dropped by 2.61% of its market value in the last 24-hour period. For the time being, volume change must be increased in order to reverse the current trend of the asset. Which indicates some tensions among the AMC investors as the stock price falters to gain the constant uptrend momentum on the daily time frame chart.
AMC stock price prediction forecast that buyers are reevaluating the asset as the trend is downward but buyers are accumulating themselves to let the stock price surge towards the upper price range of the consolidation phase. However, volume change can be seen at average and needs to grow which indicates the trend reversal. Meanwhile, AMC must recover above 20, 50, 100 and 200-days Daily Moving Average as it forecasts the recovery of a quarter.
AMC Stock Price: The Desired Comeback
AMC stock is said to be a popular investment as a meme stock as a result of its incredible volatility. The extreme volatile nature of AMC stock makes it different from others and standing rigidly among the market leader is what makes it a trustworthy investment. Technical indicators do confirm the downtrend momentum of AMC stock.
Relative Strength Index showcases that the price of AMC is about to be oversold as it continues to slump below neutrality. RSI is at 35 and now is the time for buyers to reverse the current trend by pushing their limits in acquiring the asset. MACD exhibits the degrading velocity of AMC stock price. The MACD line is below the signal line after a negative crossover. AMC investors need to wait for any strong and fragile directional change over the daily price chart.
Conclusion
AMC Stock price prediction suggests the strong downtrend momentum as sellers are trying to put the asset in oversold state. However, buyers may approach during the day’s trading session to provide a kickstart to the stock. The continuous struggle of AMC stock price has been a matter of discussion between the traders and analysts. However, volume change can be seen at average and needs to grow which indicates the trend reversal. The MACD line is below the signal line after a negative crossover. AMC investors need to wait for any strong and fragile directional change over the daily price chart.
Technical Levels
Support Levels: $5.45 and $5.10
Resistance Levels: $6.50 and $7.50
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
