AMC: the sell signal keeps losing steam
AMC gains 2.6% but the Sell signal keeps losing steam
AMC: the sell signal keeps losing steam
Our view last week
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.
This week's summary
AMC Entertainment's rebound off its double bottom lost more ground this week: the stock gained 2.6%, but the wall between 1.96 and 2.06 - rejected more than once in recent sessions - is still holding. The Sell signal is in its third week and signal strength slips to 2 out of 100: a decline losing steam. In this week's technical analysis on AMC stock, volatility stays very high and trading remains not recommended.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Aug 11
★ See Gold version →
IQS Phase
54
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#118 / 140
US stocks sell signals
Trade P&L %
-2.65%
from signal to today
restricted Platinum content