AmcLong overdue. Idk how this will play out overall in the long run, but currently this is putting in a potential weekly double bottom. As we push off the 4.64 support trend line, amc is curling upside and in a good push. It may take a little
More time than we all want but it seems to be headed to 10$. There will be many stops
Along the way.
If this pattern plays out we could see a breakout at the latest June 2025. This gives a lot of time still left for amc to be accumulated.
The biggest breakout is above 5.80 hold as that is the initial breakout but not to bad to grab shares and long term calls while we are building this W. We seem to be on the initial push of the W which has a good amount of momentum that can come
In once ppl start seeing it more. I’m going to start grabbing positions in this. No need to get fomo and rush in we got to try to scalp on a red day. Anywhere closer to 5$ or 4.80 if it’ll give it. GME is building something too we could be set to take off in both soon
AMC trade ideas
Curtain fall for AMC, or will life be like a box of chocolates?CAPITALCOM:AMC has found itself in a falling trend since early summer, and unfortunately there is no relief in sight. Price is making lower lows and lower highs, and volume is dismal. It has been a difficult short term trade as it fluctuates quite a bit within a day, as can be seen from the long wicks. Fundamentally the company has challenges, one being it is highly in debt. It burns cash like there’s no tomorrow, and annual interest payments is approaching $400 million. Recently, the company announced its new plan, the “Go Plan”. A $1.5 billion plan to enhance customer experience to attract more visitors. Obviously this will mean more debt and more interest payments, or the need to issue shares. Neither is positive for the share price, the latter will hit immediately as it is announced. SimplyWall.st has it as 57% overvalued, with a fair share price of $2.71. I don’t see AMC breaking out of this anytime soon. My target is actually not the low of the channel, it is $3.50 which is the low of May 13. I believe price will seek to revisit that level.
AMC Weekly Confirmed Breakout (NFA)Unprecedented Attendance: AMC Theatres has reported its highest attendance ever over the Thanksgiving holiday, with over 8.8 million moviegoers globally. This surge is indicative of a strong resurgence in movie theater attendance, particularly in the U.S., where AMC shattered records across several metrics including attendance, admissions revenue, and total revenue. This could signal a broader recovery in the theatrical exhibition industry, suggesting that consumers are eager to return to the cinematic experience, potentially leading to sustained or even increased footfall in future quarters.
Blockbuster Success: The success of films like 'Moana 2', 'Wicked', and 'Gladiator II' during this period has demonstrated AMC's capability to capitalize on major releases. These movies not only attracted large audiences but also contributed to setting new box office records, which could be a precursor to a strong lineup of films in 2025 and beyond. This performance shows that AMC remains a go-to venue for blockbuster premieres, potentially ensuring a steady stream of revenue from high-grossing films.
Market Sentiment and Stock Performance: The record-breaking weekend has led to optimistic discussions among investors, with some viewing it as a sign of AMC's robust market position. The positive sentiment might drive the stock price up if investors see this as a sign of recovery and growth. The narrative around AMC, especially with CEO Adam Aron's active promotion of the company's achievements, could further engage the retail investor base, known as "Apes," potentially fueling more investment into the stock.
Operational Efficiency and Innovation: Under Adam Aron's leadership, AMC has shown a willingness to innovate, from introducing premium formats like Dolby Cinema to expanding food and beverage options. This operational strategy enhances the movie-going experience, making AMC a preferred choice over competitors or home viewing options. The company's focus on enhancing customer experience through unique offerings like special screenings or events can continue to draw crowds, providing a competitive edge in the industry.
Financial Health and Debt Management: Although AMC has had challenges with debt, significant box office weekends like this one provide substantial cash flow, which can be used to manage or reduce debt obligations. The ability to generate such high revenue in a short span suggests that AMC could be on a path to improving its balance sheet, possibly leading to a more favorable debt-to-equity ratio over time.
Cultural Impact and Brand Loyalty: The narrative around AMC's comeback, highlighted by CEO Adam Aron's active social media presence and engagement with fans, has created a cult following among investors and movie enthusiasts alike. This loyalty could translate into sustained attendance, even with less blockbuster-heavy periods, due to the goodwill and community Aron has cultivated.
However, while these points form a strong bull thesis, it's important to acknowledge that stock performance can be influenced by broader market conditions, potential future dilution of shares, and the fundamental risks associated with the movie theater industry, such as the shift towards streaming services and fluctuating content availability due to strikes or other disruptions. Nonetheless, the recent Thanksgiving success provides a compelling argument for optimism regarding AMC's future.
AMC All Time Highs SOON?We have reached above +60 RSI on daily chart.
MACD continues to show higher increase in momentum similarly to the recent run to $70s.
Gaining higher volume everyday.
Above 20, 50, 100, 200 EMAs.
I believe that there is much more room for this stock to grow.
I am very bullish on AMC for the following days to come.
AMC BULLISH BOUNCE INCOMING!(15 MINUTE CHART)
Based on past trends we have bounced off the support line in these price areas.
We could see +$56 very soon based on current estimates.
MACD has been showing a cool off on downtrend creating lower highs.
RSI EXTREMELY oversold, which indicates a breakout should appear to upside.
My current short term price estimate is above +$55.
We know how high this stock can really go.
$AMC Commencing Lift Off...🚀 Why has AMC been down?
AMC Entertainment's stock price plummeted after the company prepared for a stock conversion. This event might have caused uncertainty among investors, leading to a sell-off. AMC Entertainment's stock took a significant hit after a court approved the company's APE share conversion plan. One of the reasons for AMC's stock drop was due to share dilution resulting from the APE conversion.
How to Make Money
-65% in a week is irrational, from $35.56 to $12.40.
-It is likely we see an upside, as confirmation of $10.50 support level is proven based on previous bounces from 2020 - 2021 leading up to the huge squeeze to our current price of $393.63.
AMC, December 2024Close one, with the timing of the Debt for Equity at 5.66, GO plan, big box office movies and a peaking stock market, there's a bullish lotto play short term with at least a 100% returns. Up to the $9 - $13 range. Could last until January, but we all know AMC runs quickly, then falls as quick. The reason for that fall would likely be economic conditions getting worse and the market finally falling.
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It is safe to assume that AMC will also feel the effect of a recession although it has proven in the past that it could care less (check out defunct symbol : AEN, October 2000).
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Still it is wise to remain cautious and expect rejection near $11 and be ready to catch the dip. As AMC is poised to recover along with the movie business through 2025 - 2029.
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If their mission is successful and AMC can survive through harsh months coming up, then this ticker will play a major role in a potential movie bubble that is brewing.
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Nothing is guaranteed, there is always a lot of risks investing in non-profitable and debt ridden companies. Thankfully AMC has seen a slow but solid return to balance sheet cleanliness.
Less expenses, more streams of revenues and debt is being pushed out and actively paid.
There are probably more rounds of dilution coming up along the way, this is when you should have your cash ready. Because when the box-office numbers start popping up again and resume their pre COVID climb, AMC won't spend much more time down there.
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This is not financial advice.
FINAL THEORY - AMC Short Squeeze The fractal stayed the same, the only thing that expanded was the overall market. Expanding the fractal.
Everyone and there moms are paying attention to GME but no one is paying attention to AMC.
My philosophy is "BUY where no one is buying"
AMC will hit those 40's in one candle.
AMC: Skyrocketing Potential AheadSince bottoming at $4.17, AMC surged to a peak of $4.87, completing five impulsive waves. Wave 4 formed a complex contracting triangle before wave 5 topped at $4.87 around 6:30 PM London time. From this peak, AMC experienced a sharp correction, likely bottoming near $4.26. From here, our analysis points to a significant rally, breaking above the $5 mark, with long-term projections targeting the $20 range. AMC’s bullish trajectory continues to gain momentum for the months ahead.
AMC - FINAL THEORY UPDATE Assuming that this fractal extended (meaning it is not wrong)
then AMC will be a monster of a short squeeze.
My plan is to go heavy on the Nov 22 calls, sell at its peak and wait for the retracement so that i can get the december calls.
I believe we are on the verge or witnessing a move that happens so fast that no one will see it coming!
The only way this fractal extends once more is if price drops back down again to where it started. Basically making a while upside down "U"
I will be ready. Apes be ready!