AMC: signal strength drops to 33/100
AMC Entertainment closes flat (+0.0%): double bottom challenges the Sell signal
AMC: signal strength drops to 33/100
Our view last week
AMC Entertainment opens a fresh sell signal, in its 1st week. The week just closed down 12.5%, and signal strength climbs to 100 out of 100: a downtrend making lower lows, with pace holding. The stock ranks 109th among the 137 US sell signals. The quality band flags trading not recommended: opening a new short here is high-risk per our model.
This week's summary
AMC Entertainment has carved out a double bottom in the 1.6 area, with a 91% intermediate rebound that has already lost steam: buyers are fading and daily volume still favors sellers. Signal strength on the Sell signal, at its peak last week, has now dropped to 33 out of 100 - a decline losing steam. AMC Entertainment stock stays in the trading-not-recommended band, per our weekly technical analysis.
IQS Phase
54
ordinary
Signal Strength
33
decline losing steam
Sizing
REDUCED
Ranking
#34 / 137
US stocks sell signals
Trade P&L %
+0.00%
from signal to today
restricted Platinum content