AI in the Spotlight: A Year of 46.34% Returns for AMC Amidst Entertainment Industry Swings
The world of entertainment is as exhilarating as it is unpredictable, with stock prices swinging wildly in response to new releases, box office performances, and ever-changing consumer tastes. In the midst of this uncertainty, our AI-powered AI Swing Trader bot has shone a light on the path to profit, generating an impressive 46.34% return for AMC over the past year.
Market Capitalization Overview
The Movies/Entertainment Industry, where AMC holds a significant position, possesses an average market capitalization of 6.83B. NFLX, with a hefty market cap of 188.49B, outperforms all other industry players. On the other end of the spectrum is LRDG, the smallest contender with a market cap of merely 134.
Price Movements: Highs and Lows
The average weekly price growth for the Movies/Entertainment Industry has been negative at -1%. Yet, the monthly and quarterly averages tell a different story with growth figures at 4% and 11%, respectively. HWAL experienced a stellar price growth at 211%, while MOCI faced a steep fall, with a decline of 42%.
Volume Dynamics
The weekly volume growth of the Movies/Entertainment Industry experienced a dip of -29%. In contrast, monthly volume growth stood at a positive 22%. However, the industry faced a considerable quarterly volume shrinkage of -48%.
AMC: A Closer Look
In the recent trend of June 23, 2023, AMC exhibited a -11.48% downward movement, declining for three consecutive days. This bearish sign led our AI advisor to predict that in 87% of cases (based on 351 historical instances), the stock's price might continue to decline over the next month.
However, there's a glimmer of hope. Our AI advisor identified a potential shift from a downtrend to an uptrend for AMC. This conclusion comes from analyzing 42 similar cases where AMC's RSI Indicator left the oversold zone, and in 76% of those cases, the outcome was successful.
Despite the turbulent ride in the Movies/Entertainment Industry, our AI Swing Trader bot strategy has delivered a remarkable 46.34% return for AMC in the past year. This result underlines the potential of AI in navigating complex market scenarios and spotting profitable opportunities amidst uncertainty. As the AI revolution continues, we look forward to witnessing more instances of its influence on shaping successful trading strategies.
AMC's RSI Indicator ascending out of oversold territory
The RSI Oscillator for AMC moved out of oversold territory on October 10, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 42 similar instances when the indicator left oversold territory. In of the 42 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 21, 2024. You may want to consider a long position or call options on AMC as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AMC just turned positive on October 17, 2024. Looking at past instances where AMC's MACD turned positive, the stock continued to rise in of 37 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMC advanced for three days, in of 244 cases, the price rose further within the following month. The odds of a continued upward trend are .
AMC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for AMC entered a downward trend on October 21, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (5.952). P/E Ratio (0.000) is within average values for comparable stocks, (90.982). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.987). Dividend Yield (0.000) settles around the average of (0.039) among similar stocks. P/S Ratio (0.124) is also within normal values, averaging (30.667).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. AMC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AMC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.
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Fundamental Analysis Ratings
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General Information
a holding company with interest in movie theatres
Industry MoviesEntertainment