Welcome back to capital consultant let’s dive right into it. Oh and don’t forget to subscribe to get notified as soon as these videos are released, so that you have more time to plan out your trades as we provide these stock analysis videos on a daily basis after market close one more thing before we start. If you would like to up your stock market game, then check out our patreon in the link down below as we’ve went public for a limited amount of time. I can guarantee that you’ll have all the important information that you’ll need on this stock heading into the upcoming trading day. After fully watching this video now let’s get started, i’ll start off by analyzing the stock in a general way, real, quick and then we’ll go deeper into it. Focusing on the stocks action in the upcoming trading day afterwards, amc entertainment opened at 10.88 and closed at 12.77. On thursday may 13 2021., the lowest price it reached on the last trading day was ten dollars and sixty four cents, while the highest price it reached. The last trading day was fourteen dollars and twenty cents. The 52 week high on this stock is twenty dollars and thirty six cents, while the 52 week low is 1.91. The amc, entertainment stock price gained 23.74 on thursday may 13 2021 rising from 10.32 cents to 12.77. It has now gained six days in a row. It is not often that stocks manage to gain for so many days in a row and falls for a day or two should be expected.
During the day, the stock fluctuated 33.46 from a day low at ten dollars and sixty four cents to a day. High of fourteen dollars and twenty cents, the price has been going up and down for this period and there has been a twenty five point: two percent gain for the last two weeks. Volume has increased on the last day, along with the price, which is a positive technical sign and in total, 238 million more shares were traded than the day before. In total, 292 million shares were bought and sold for approximately 3.73 billion dollars. The stock lies in the middle of a very wide and strong rising trend in the short term, and a further rise within the trend is signaled. Given the current short term trend, the stock is expected to rise since the amc, entertainment stock has been rising for six days in a row. The risk over the next couple of days has increased. We don’t expect a major reaction as the stock is in very good shape technically, and we therefore hold a positive evaluation. Despite the short term risk, this stock may move much during the day due to its volatility and with a large prediction interval from the bollinger band. This stock is considered to be high risk. The amc, entertainment stock holds buy signals from both short and long term moving averages, giving it a positive forecast. Also, there is a general buy signal from the relation between the two signals where the short term average is above the long term average.
Furthermore, there is currently a sell signal from the three months macd. The last daily candle as of the last trading day is green, which means that the bulls – or, in other words, the buyers dominated this session. It was an overall bullish session with a volume of 290.4 million, which is about 107 percent higher compared to the average volume that amc entertainment normally has, which is 87.9 million. The stock is trading in the upper range of yearly prices. Amc entertainment is trading above its 5, 10, 20, 50, 100 and 200 day exponential moving averages and simple moving averages. This is an overall good sign for the stock short mid and long term trend. Now, moving on to the daily technical side of things, this is what we can conduct. The average true range indicator is showing high volatility. The commodity channel index indicator is showing overbought. The stochastic indicator is negative, while the average directional index williams percent range macd relative strength, index ultimate oscillator and rate of change indicators are all positive. In total, we have more technical indicators pointing at a positive signal at this current time which indicate a buy on the stock, but these technical indicators by themselves aren’t going to do much so let’s get into analyzing and predicting the amc, entertainment price movement for the upcoming Trading day, friday may 14 2021. Do note that if the price of this stock is trading below twelve dollars and fifty four cents, then the possibility of downside is higher.
And likewise, if the price of this stock is trading above twelve dollars and fifty four cents, then the possibility of upside is higher. Currently, as of the last trading, day’s close, the stock’s pivot point is at 12.54 cents. It has support at the 11.19 10.94 cents, 10.50. 9.86 and 8.97 levels and has resistance at the 13, 14 and 14.74 cents levels. So i will now lay out a few amc, entertainment trades for the upcoming trading day. Two bullish, trades and two bearish trades feel free to also make other similar trades based on the information i’ve shared with you in this video. So far, if you’re feeling a little extra bullish or bearish on this stock and always remember that when a support is broken, then it becomes resistance. Likewise, when a resistance is broken, then it becomes support. The bullish trade is as follows: if we open in at least 30 minutes after the bell, the stock is still respecting the 11.19 level of support. Then, in that scenario, you might be looking at adding or opening a long trade position as close as possible to that support level of 11.19, while keeping in mind that this would be a short term trade now bulls. If you’re looking to trade, amc, entertainment, then you’re, obviously looking to take profit during the day, and so my recommendation for taking profit on this first bullish trade would be starting to do so somewhere near the resistance level of thirteen dollars.
So our second bullish trade is the following: if the thirteen dollar resistance level is broken, at least thirty minutes after the bell and held for a respectable amount of time having it turn into a support level which results in a short term bullish outlook on the stock, Then, in that scenario, you might be looking at taking a long trade position as close to that new thirteen dollar support level as possible. My recommendation for taking profit on the second bullish trade would be starting to do so at somewhere around the next resistance level of fourteen dollars. I suggest closing your position in small percentage increments, as the stock moves on these trades, as opposed to closing it entirely at one go. I personally go for 25 percent increments. Our bearish trade is as follows: if we open in at least 30 minutes after the bell, the stock is still respecting the 13 level as resistance, then, in that scenario, you might be looking at adding or opening a short trade position as close to that resistance level Of thirteen dollars as possible, while keeping in mind that this would be a short term trade now bears. If you’re looking to trade, amc, entertainment, then you’re obviously going to be looking to take profit during the day, and so my recommendation for taking profit on this first bearish trade would be starting to do so somewhere around the 11.19 support level. So our second bearish trade is the following: if the 11.
19 support level is broken at least 30 minutes after the bell and held for a respectable amount of time having it turn into a resistance level which results in a short term bearish outlook on the stock, then In that scenario, you might be looking at taking a short trade position as close to that new, eleven dollar and nineteen cents resistance level as possible. My recommendation for taking profit on the second bearish trade would be starting to do so at somewhere around the next support level of ten dollars, and ninety four cents i’d also suggest closing your position in small percentage increments on these trades as the stock moves, as opposed To closing it all entirely at one go – and i can’t stress this enough, but make sure you start taking some profit near the targets that i’ve, given you on all these trades to ensure profitability. These are short term trades with high probability of profit, and so they add up, if you do things right, whether you decide to be bullish or bearish on this stock or both either way. I wish you the best of luck with your trades we’d love to hear your opinion on the specific analysis, whether you agree or disagree with it. So leave a comment down below and do let us know, and if you have any specific stocks you’d like analyzed, then leave a comment down below with the stock you’d. Like analyzed, leave a like on this video and we’ll get to it as soon as we possibly can, thanks for watching don’t forget to subscribe to the channel to stay up to date.