Stocks

AMC Entertainment may fall to 3.73 - 4.04

2024-08-14

Our pivot point stands at 5.6.

Our preference

Eye 4.04.

Alternative scenario

The upside breakout of 5.6 would call for 6.14 and 6.46.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under its 20 day moving average (5.0995) but above its 50 day moving average (5.0346).

Supports and resistances

6.46 **

6.14 *

5.6 **

5.39

5.04 (USD-last)

4.34

4.04 **

3.73 *

3.42 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

Introduction to Tradingtop Site

Related Articles


Return to All Articles