Open BUY · week 9
AMC drops 5.8% after a new 90-day high that the weekly close failed to confirm
Our view last week
AMC posts a second straight weekly gain, up 8.9%, after a 9% rebound off the 20-day moving average in the 2.7 area, with 88% of the last session's volume on the buy side. In this AMC stock technical analysis, weekly money flow is back above zero and the MACD is regaining momentum after last week's slip. Among US stocks with weekly buy signals running, AMC's swing trade has moved back into profit, at +4.3%.
This week's summary
AMC printed a new 90-day high this week, in the 3.4 area, but the close failed to confirm it: the stock fell 5.8% and finished in the bottom quarter of the week's range. After 2 straight gains, AMC stock hands back its profit and the trade slips just below entry, at -1.8%. In this weekly technical analysis the buy signal is still running among US stocks: the ADX has risen for 3 weeks and the MACD holds above its Signal line, with the histogram easing. A high-volatility swing trading setup.
IQS Phase
55
ordinary
Signal Strength
79
high · wide & volatile
Sizing
FULL
Ranking
#27 / 93
US stocks in progress
Trade P&L %
-1.77%
from signal to date, no stop loss
AMC Entertainment weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 27th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 79 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimeweak phase
Performanceweekly -0.47% · monthly -4.20%
AMC belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified weak phase according to our weekly reading.
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