AMC Entertainment Holdings Inc. Stock Holds the Potential, Will AMC Stock Price Reach $10 Level?

AMC Entertainment Holdings Inc. the most Googled stock among European countries, AMC Stock price holds the potential to recover above $10 by mid 2023.
AMC share price might look for a rally to recover above $10 price level by mid 2023.
AMC Entertainment Holdings Inc. stock price has recovered more than 50% in the last month.

AMC share price is coming from the lowest level of $3.78 from January 2023 and is currently trying to sustain above $5.00 price level. Meanwhile, MAC share price has showcased great potential by gaining around 15.81% in the last week and has also surged more than 50% in a month. This statistics of recovery by AMC share price suggest the reliability of investors over the AMC shares.

AMC stock price was at $6.08 by the closing of Friday’s trading session. Meanwhile, analysts speculate that market sentiments for AMC share price showcases the growth of AMC shares by Monday opening. AMC share price might start its recovery from the opening of Monday’s trading session.

AMC stock price (NYSE: AMC) has been slipping through an interesting falling pattern over the daily time frame chart. However, AMC share price tried to maintain itself above $5.00 by the closing of Friday’s trading session. Now investors in AMC stocks might experience a legit recovery share price on Monday opening.

Buyers need to provide a kickstart to the share price to start its recovery over the daily chart. Meanwhile, volume change can be seen above average and under influence of sellers indicating the sellers presence during the Friday’s trading session.

Growth Rate of AMC Stock Price Might Increase

AMC stock price has always been one of the preferable stocks by the stock market investors. AMC share price is trying to surge showcasing its potential over the charts. AMC share price (NYSE: AMC) has recovered around 4.29% in a quarter showing its potential to the stock market investors.

Talking about the growth rate of AMC share price, the share price has gained around 46% Year to Date. This demonstrates the increasing interest of buyers in AMC stocks. AMC share price has been trading at 100-days Daily Moving Average while maintaining itself above 20 and 50-EMA.

Will AMC Shares Start its Recovery on Monday?

AMC stock price has been trying to recover itself over the daily time frame chart. Meanwhile, technical indicators also confirm the recovery rate of AMC share price.

Relative Strength Index showcases the struggle of AMC shares to start its final recovery phase. RSI was at 60 and has been levitating above neutrality. MACD exhibits the uptrend momentum of AMC share price. The MACD line can be seen above average showcasing the growth potential of AMC shares. Investors in AMC stocks need to look for an opportunity to buy AMC stocks as the stock price might start its recovery phase in Monday’s trading session.

Summary

AMC stock price has been trying to recover itself from the lower levels over the daily time frame chart. AMC share price has been slipping since August 2022 over the charts. The stock price needs to attract more buyers to soar above $8.50 primary resistance level. However, AMC share price tried to maintain itself above $5.00 by the closing of Friday’s trading session. Meanwhile, technical indicators also confirm the recovery rate of AMC share price. Investors in AMC stocks need to look for an opportunity to buy AMC stocks as the stock price might start its recovery phase in Monday’s trading session.

Technical Levels

Support Levels: $5.50 and $4.00

Resistance Levels: $8.50 and $10.00

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing