Executive Summary:
AMC Entertainment Holdings, Inc. (AMC) is currently trading at $2.27 per share. As a Senior Technical Analyst, I will provide an in-depth analysis focusing on the technical indicators and Relative Strength Index (RSI) settings for AMC.
Technical Analysis:
Based on the current price of $2.27, the key support level for AMC is around $2.00, while the resistance level is at $2.50. The stock has been trading in a sideways pattern, with potential for a breakout above the resistance level. The Moving Average Convergence Divergence (MACD) indicator shows a neutral trend, indicating a possible shift in momentum.
The RSI settings for AMC are currently at 14-day RSI of 45. This suggests that the stock is neither overbought nor oversold, indicating a potential for further price movement in either direction. Traders should keep a close eye on the RSI levels for any signs of divergence or confirmation of price action.
Price Targets for AMC:
| Year | Price Target |
|---|---|
| 2025 | $4.00 |
| 2026 | $6.00 |
| 2027 | $8.00 |
Conclusion:
Based on the technical analysis and RSI settings, AMC Entertainment (AMC) shows potential for a bullish trend. Traders may consider buying AMC at the current price of $2.27 with a target price of $4.00 by 2025. However, it is important to closely monitor the RSI levels and price action for any signs of reversal.