AMC is back in the headlines. Here is why AMC shares could head lower

$AMC Entertainment(AMC.US)$ shares rose over 33% in just two trading days. In after-hours trade on Monday, its stock fell. So is another $AMC Entertainment(AMC.US)$ short-sell squeeze unfolding all over again? And where will $AMC Entertainment(AMC.US)$ shares go next?

It depends on how you want to look at it because fundamentally the company is trying to desperately raise capital and that's been knocked back. And short selling volume has been increasing this month.

If you want to look at what the technical indicators are suggesting, and where the stock may go, here's an easy way to identify that.

moomoo's app shows you there are 11 bearish signals. The Relative Strength Indicator (RSI) says the stock is "overbought".

The Bollinger (BOLL) line, also suggests the stock is bearish, as$AMC Entertainment(AMC.US)$ it broke above the upper band.

So the technical indicators are looking mostly bearish, and fundamentals remain unclear. Not only could $AMC Entertainment(AMC.US)$'s shares be in for a wild ride, but its shares could head lower. That's something to consider.

This AMC video went live on TikTok on Tuesday 26 July.