AMC Entertainment Holdings Inc

AMC remains in a Stage 3 distribution phase with bearish medium-term structure, evidenced by lower highs off the June peak and price chopping around flat-to-declining short EMAs. Short-term price is hovering around the 9/20 EMA cluster after a modest pullback, offering no clear bearish entry at present. Long-term downtrend persists, and continued distribution suggests eventual downside resolution. We recommend stalking rallies into the 9/20 EMA zone for potential sell setups under the Speculative strategy.

• ↑North American box office revenue rose 22% YoY; strong 2026 film slate ahead.
• ↑Q1 adjusted EBITDA reached $38.3 M, up $96 M YoY—highest since 2019.
• ↓Net debt stands at ~$3.9 B with high leverage; rate hikes could pressure cash flow.