u/TheRightEdger

r/smallstreetbets r/wallstreetbets r/Wallstreetbetsnew r/amczone r/Offwallstreetbets

▲ 3 r/amczone+2 crossposts

$AMC #AMC summary for THURS 02JUL26

Volume: high

Candle: bearish engulfing

9 d ema: below

Action details:

On MON, cleanly failed against the highs of 01JUN26 and 26JUN26. Also, attempted, but failed to close over the 9 d ema. On TUES, made a false break below 23JUN26. On WED, cleanly failed to take out the low of 26JUN26. On WED and THURS, went down and tested but closed above the 200 d sma. On THURS, went down on higher volume, but had an inside day.

Also, THURS had the highest off-exchange volume since early MAY26. Thus, much of the short covering was done off-exchange. Off-exchange volume was back up all week after being down on FRI. That helps explain the lack luster performance all week.

The downslide seems to have been stopped by the band of support from the 1st ten days of JUN26.

In DEC25, amendment of the Cert. of Incorporation to double the number of shares of class A common stock from 550M to 1.1B was approved. There currently 893M shares outstanding. So, only ~200M more shares can be issued (another amendment would be needed to issue more.) Thus, there could be a couple more big hits to the stock price coming.

A one for ten reverse stock split would not be a surprise.

Down on a down day for stocks and a down day for it's competitors (CNK & IMAX.)

The most recent big FTD days(settlement, shares): 01JUN26, 1.5M; 02JUN26, 3.6M.

Expecting a green week for AMC. Drivers are strong JUN26 box office numbers and strong 4th of July weekend box office numbers.

u/TheRightEdger — 3 days ago

▲ 9 r/amczone+2 crossposts

$AMC #AMC summary for FRI 26JUN26

Volume: high

Candle: bullish engulfing

9 d ema: went up and tested it, but closed back down below

Action details:

Reached up to 3.04 in the pre-market on MON and then was a downtown train once the regular session opened. The decline smacked of an information leak/insider trading on the stock offering announced on TUES. Not a bad idea to announce the offering during the strength of the holiday weekend exuberance. Otherwise, the news would have come during a time when holders were more demoralized and thus more likely to sell. Also, the downfall would have been from a lower point and create greater fear by digging down into even lower price levels.

The stock issuance was $200M (95.25M shares @ $2.10) in exchange for debt notes that were called in. Purpose was to strengthen the balance sheet and upgrade theaters. In DEC25, amendment of the Cert. of Incorporation to double the number of shares of class A common stock from 550M to 1.1B was approved. So far, only a small % of the additional shares have been issued.

More downside on THURS when the shares were issued, but tested and cleanly failed to take out the low of 01JUN26 as well as tested and failed to close below the 200 d sma. Also had a false break below TUES. All positive signs for FRI.

On FRI, bullishly engulfed the last three days. False break over TUES. Closed well above the 200 d sma. Closed up inside the MON-TUES down gap. The downslide seems to have been stopped by the band of support from the 1st ten days of JUN26. Less than 38% off-exchange volume on FRI - that is very low for AMC. No wonder it rallied so well; the usual amount of off-exchange short covering wasn't present.

Finishing the week above the 2.0 line is a reassuring confidence builder.

Up on a mixed day for stocks and a mixed day for it's competitors (CNK & IMAX.)

Per 15JUN26 FINRA data, the shorts on AMC are about the same as the last FINRA report.

u/TheRightEdger — 9 days ago

▲ 34 r/amczone+3 crossposts

$AMC #AMC summary for FRI 18JUN26

Volume: huge

Candle: ~three white soldiers

9 d ema: way above

Action details:

After closing over an ascending trendline initiated on the high of 17APR26, anchored on the high of 01JUN26, and scraping 11JUN26, it retested it on 15JUN26, then bullishly engulfed 15JUN26 on higher volume and took off.

Has quality volume since this rally began on 30MAR26. Pulled back on lower volume from the huge up move of 01JUN26 and has accelerated on higher volume than it pulled back on.

Previously had a false break over the "B" point high of 01JUN26. That's OK since higher volume came into it, not on any single day, but collectively on WED and THURS.

As predicted in the summary post for 29MAY26, reached the 2.56 Fib projection (went much farther) of the 1.32 rally off of the ~1.00 area.

Up on a sharp angle, but OK since pushing with volume. Volume is increasing as price is moving up.

Up with conviction in front of the holiday weekend. Anticipation of good box office sales and fear of being short over a three-day period without the ability to cover.

THURS had low off-exchange volume (below 60% is low for AMC.) Thus, gave more insight into what the trades were and they were buys (probably short covering) as evidenced by the big up move.

Up on an up day for stocks and an up day for it's competitors (CNK, CPXGF, & IMAX.)

There was a big FTD day on 15MAY26 settlement, 2.4M shares.

u/TheRightEdger — 17 days ago

▲ 4 r/Offwallstreetbets

$AMC #AMC summary for FRI 12JUN26

Volume: high

Candle: bullish

9 d ema: way above

Action details:

Both THURS and FRI had low off-exchange volume (below 60% is low for AMC.) Thus, gave more insight into what the trades were and they were buys (probably short covering) as evidenced by the big up moves.

False break over the "B" point high of 01JUN26. That's OK as long as volume comes into it after the break.

Has quality volume since this rally began on 30MAR26. Pulled back on lower volume from the huge up move of 01JUN26 and is now accelerating on higher volume than it pulled back on.

Recently broke over the 200 d sma and subsequently regressed back down below it as a re-test. Has since blown way up past it. Thus, a break over it, a re-test, then the real move.

Just closed over an ascending trendline initiated on the high of 17APR26, anchored on the high of 01JUN26, and scraping 11JUN26.

Up on an up day for stocks and a mixed day for it's competitors (CNK & IMAX.)

Per 29MAY26 FINRA data, the shorts on AMC are about the same as the last FINRA report.

https://preview.redd.it/jgyrimeprz6h1.jpg?width=1648&format=pjpg&auto=webp&s=d5269b103f4091ca701721b9d6d3d60acdcc08ab

u/TheRightEdger

$AMC #AMC summary for THURS 02JUL26

$AMC #AMC summary for FRI 26JUN26

$AMC #AMC summary for FRI 18JUN26

$AMC #AMC summary for FRI 12JUN26

$AMC #AMC summary for FRI 12JUN26

$AMC #AMC summary for FRI 12JUN26

$AMC #AMC summary for FRI 05JUN26

$AMC #AMC summary for FRI 05JUN26

$AMC #AMC summary for FRI 05JUN26

$AMC #AMC summary for FRI 29MAY26

$AMC #AMC summary for FRI 29MAY26

$AMC #AMC summary for FRI 29MAY26

$AMC #AMC summary for FRI 22MAY26

$AMC #AMC summary for FRI 22MAY26

$AMC #AMC summary for FRI 22MAY26

$AMC #AMC summary for FRI 15MAY26

$AMC #AMC summary for FRI 15MAY26

$AMC #AMC summary for FRI 15MAY26

$AMC #AMC summary for FRI 08MAY26

$AMC #AMC summary for FRI 08MAY26