AMC Entertainment stock: Is this a profit opportunity?

by Sentiment Analyst |

AMC Entertainment and the Relative Strength Index

The technical analysis also looks at the ratio of upward and downward movements of a price over time for shares and records this for a period of 7 days in the Relative Strength Index. Based on this so-called RSI, Amc Entertainment is currently neither overbought nor sold with the value 63.92. Therefore, the rating for this signal is “Hold”. If the relative movement is extended to 25 days (RSI25), this results in a value of 42.2 for the stock, which is considered a signal that the stock is neither overbought nor oversold. Accordingly, the rating on this basis is “Hold”. Overall, this results in a rating of “Hold” for the RSI.

Technical analysis of the share price performance

The average of the closing price of Amc Entertainment shares for the last 200 trading days is currently $13.39. Thus, the last closing price (USD 7.51) is deviating -43.91 percent, which corresponds to a “Sell” rating from a chart perspective. Let’s look at the average of the last 50 trading days. For this value (USD 6.9), the last closing price is above the moving average (+8.84 percent). Thus, this case results in a different rating for Amc Entertainment stock, and that is a “Buy” rating. The bottom line is that Amc Entertainment stock thus receives a “hold” rating for the simple chart technique.

Sentiment is in the basement

Amc Entertainment can also be observed and evaluated over a longer period of time with regard to the number of word contributions (the discussion intensity) and the rate of change in sentiment. This yields interesting conclusions about the long-term sentiment picture over the past months. SpecificallyThe stock has shown little activity in this regard. This indicates a below-average intensity of discussion and calls for a “sell” rating. The rate of change in sentiment, meanwhile, shows little change, corresponding to a “Hold” rating. In the overall assessment, this results in a rating of “Sell” for Amc Entertainment on this point.