Fresh buy signal, first among 16 US Longs
AMC stock jumps 24.2%, flipping from a sell to a fresh Buy signal
Fresh buy signal, first among 16 US Longs
Our view last week
AMC stock gained 17% this week, completing a 39% rebound off the double bottom in the 1.7 area from a few weeks back. But under the surface the picture is murkier: only 18% of daily volume came in on the buy side, and the latest bar still shows sellers slightly in charge. The sell signal is in its fourth week and price is climbing back toward the Inversion Point: signal strength drops to 2 out of 100, the mark of a decline nearly spent. Trading remains not recommended.
This week's summary
AMC stock gains 24.2% in an explosive week, with four rising daily lows from the 1.6 area toward the 2.1 area and 88.6% of volume coming in on the buy side. The picture flips: after a Sell signal running on fumes, a fresh Buy signal kicks in, first among the 16 new US Long stocks. Signal strength is very high, 84 out of 100, but the stock still sits deep below its 200-week average: technical analysis worth following with discipline.
IQS Phase
56
ordinary
Signal Strength
84
high · wide & volatile
Sizing
FULL
Ranking
#1 / 16
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 1st among the 16 fresh Longs for US stocks in our ranking, with a signal strength of 84 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
AMC belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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