AI Trading Bot Generates 19.37% Gains for AMC, Stochastic Oscillator Signals Potential Reversal
AI Trading Bot generates Gains of 19.37% for AMC
The recent performance of AMC Entertainment Holdings (AMC) has caught the attention of investors and traders alike. An AI Trading Bot, utilizing advanced algorithms and machine learning, has generated impressive gains of 19.37% for the popular stock. This remarkable achievement highlights the potential benefits of incorporating artificial intelligence into trading strategies.
The Stochastic Oscillator, a widely used technical indicator, provides additional insights into the current situation of the AMC stock. According to the oscillator, the ticker has remained in the oversold zone for a period of 10 days. This indicates that the price of AMC has been undervalued and may be due for a reversal.
Typically, when a stock stays in the oversold zone for an extended period, it suggests an imminent upward trend. The longer the ticker remains in this zone, the higher the probability of a prompt price recovery. Traders and investors often see this as a favorable opportunity to enter the market, as they anticipate a potential bounce back in the price.
AMC in -6.62% downward trend, sliding for three consecutive days on September 22, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where AMC declined for three days, in of 363 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Aroon Indicator for AMC entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where AMC's RSI Indicator exited the oversold zone, of 46 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 64 cases where AMC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on September 22, 2023. You may want to consider a long position or call options on AMC as a result. In of 82 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 September 14, 2023. Looking at past instances where AMC's MACD turned positive, the stock continued to rise in of 36 cases over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where AMC advanced for three days, in of 258 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.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (4.542). P/E Ratio (0.000) is within average values for comparable stocks, (76.069). AMC's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.713). Dividend Yield (0.000) settles around the average of (0.062) among similar stocks. P/S Ratio (0.271) is also within normal values, averaging (110.238).
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 slightly worse than average 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 90, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a holding company with interest in movie theatres
Industry MoviesEntertainment
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MSTSX | 9.74 | -0.13 | -1.32% |
| Morningstar Global Opportunistic Equity | |||
| PREIX | 112.75 | -1.68 | -1.47% |
| T. Rowe Price Equity Index 500 | |||
| FWTFX | 27.12 | -0.41 | -1.49% |
| Fidelity Advisor® Worldwide M | |||
| REMCX | 13.01 | -0.20 | -1.51% |
| Russell Inv Emerging Markets C | |||
| ARSYX | 12.28 | -0.22 | -1.76% |
| AB Global Real Estate Investment Advisor | |||
AMC and
Correlation & Price change
A.I.dvisor indicates that over the last year, AMC has been loosely correlated with CNK. These tickers have moved in lockstep 38% of the time. This A.I.-generated data suggests there is some statistical probability that if AMC jumps, then CNK could also see price increases.
| Ticker / NAME | Correlation To AMC | 1D Price Change % | ||
|---|---|---|---|---|
| AMC | 100% | -2.83% | ||
| CNK - AMC | 38% Loosely correlated | -0.55% | ||
| MCS - AMC | 36% Loosely correlated | -0.64% | ||
| IMAX - AMC | 27% Poorly correlated | -1.14% | ||
| VIA - AMC | 26% Poorly correlated | -7.67% | ||
| BOWL - AMC | 25% Poorly correlated | -5.80% | ||
More | ||||