AMC Stock Tanks Ahead Of Q4 Earnings - Can It Stage A Blockbuster Comeback? - AMC Enter Hldgs (NYSE:AMC)

AMC Entertainment Holdings Inc AMC will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects a loss of 18 cents a share and $1.30 billion in revenues when the company reports after market hours on Tuesday.

The stock is down 24.49% over the past year, 16.42% YTD.

Let’s look at what the charts indicate for AMC stock and how it maps against Wall Street estimates.

AMC Stock Strongly Bearish Ahead Of Q4 Earnings

Chart created using Benzinga Pro

AMC stock is facing significant bearish pressure. At $3.36 per share, it is trading below its five, 20 and 50-day exponential moving averages. This alignment signals a strong downtrend, suggesting continued vulnerability to further downside movement. The eight-day simple moving average (SMA) at $3.49 also presents a bearish signal, reinforcing the negative momentum.

However, the stock remains above its 20-day SMA of $3.31, offering a slight bullish counterpoint. Yet, the 50-day and 200-day SMAs, at $3.64 and $4.48, respectively, both signal bearishness as the stock trades well below these levels. The Moving Average Convergence Divergence (MACD) indicator at a negative 0.04 further supports the bearish outlook, while the Relative Strength Index (RSI) of 45.14 indicates the stock is neither overbought nor oversold.

For investors, the overall technical landscape suggests caution. Unless AMC stock can break above its short-term resistance levels, the prevailing trend favors bearish movement, making it a riskier bet for bullish traders.

AMC Analysts See 30% Upside

Ratings & Consensus Estimates: The consensus analyst rating on AMC stock stands at a Neutral with a price target of $5.06. Recent ratings from Roth MKM, Macquarie and B. Riley Securities suggest a 31.46% upside for AMC stock with a $4.42 average price target.

Price Action: AMC stock was trading at $3.36 at the time of publication.

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