Memes are falling down, falling down 🎶🎶🎶
MEME stock prices are super volatile. If a stock is in the profit-taking stage, it might be overvalued, posing risks to new buyers.
Investing in MEME stocks can be an option, but it's essential to do so moderately and with a rational approach. Let's look into a few meme stocks today.
AMC
AMC has a long road ahead to stay on top. With investors and Wall Street keeping a heavy eye on their existing debts, many wonder if their stock will rebound. AMC does have a huge competitive advantage as the biggest player in the cinema realm. With the right strategy and innovative thinking, they can get their stock back up and offer a promising future. Let's see whether management is capable to make it happen!
AMC daily chart
As we can observe obviously above, AMC chart experienced a significant pullback after the meme rally 2 weeks ago. With all the red long and continuous candle, it seems like the selling pressure for AMC remains high. For such, I am $AMC Entertainment(AMC)$
FFIE
Shares of Faraday Future are suffering a severe drop on Wednesday after releasing its earnings. Management warned that the company may file for bankruptcy if it's unable to secure additional capital. Unfortunately, the pricing of Faraday's EVs has translated to a very limited market, as evidenced by the firm's disappointing sales. Therefore, FFIE stock will likely incur a delisting, barring some lifeline.
FFIE daily chart
Bad prediction last week for FFIE as I predict the share price to rebound strongly after its earnings as this might be the last chance for FFIE to prove itself before being delisted. However, its outlook disappoints investors again. The share price is under the downtrend pressure as represented in orange on the chart above. I assume the recent surge was the last running wave for investors. For incoming few weeks, it is high probably that $Faraday Future Intelligent Electric Inc.(FFIE)$
COIN
In the wake of a dynamic crypto market surge, Coinbase, a leading cryptocurrency exchange, has announced impressive Q1 results, reflecting strong growth and strategic advancements across various fronts.
COIN daily chart
For Coins, the stock broke out from its orange coloured downtrend line 7 trading days ago. Now, the share price pullbacked a bit to find a support before engaging into a rally towards 275 USD. With all the positive news in the crypto market recently, I believe $Coinbase Global, Inc.(COIN)$
Rivian
Rivian reported a worse-than-expected loss in the first-quarter late on May 7 as the company lost 38,784 USD per vehicle delivered. Meanwhile, speculation has run rampant that Apple is looking to partner with the EV startup.
Rivian daily chart
For Rivian, the share price is still under a consolidation phase since May 2024. 10 USD remains to be an ultra strong support for Rivian, as highlighted by the 4 blue arrows. In short term, Rivian will definitely continue to consolidate, but for mid term, as long as the share price stays above 10 USD, I am $Rivian Automotive, Inc.(RIVN)$
SE
Antitrust regulators in Indonesia are investigating whether Sea Limited unfairly favored its own delivery services for orders placed on its Shopee e-commerce platform. Shoppers in Indonesia can choose which company delivers their purchase and Indonesian officials say that Sea set up an algorithm that prioritized its own service over other options.
SE daily chart
What a strong chart from SE! The stock engaged into a great rally since Feb 2024. The overall trend looks pretty healthy with sufficient pullback after each rally. Now, the share price retraces to test the neckline and EMA50 trendline support, both around 63.32 USD. I believe next week will be a rebound week for $Sea Ltd(SE)$
Do you like meme stocks? Which meme stocks have you invested in before? Do you make huge profits or losses? Kindly share your experience with the readers here ya.
*Game might change this week as the Roaring Kitty revealed his 116 million bet in GME! Gosh
@TigerStars @MillionaireTiger @CaptainTiger @Tiger_comments @TigerGPT @Daily_Discussion
Modify on 2024-06-03 16:49
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AMC Entertainment (AMC)
Business and Industry: AMC Entertainment is the largest movie theater chain in the world, operating in the cinema industry. The company operates theaters across the United States and internationally, offering a wide range of movie experiences to customers.
Latest Earnings and Earnings Forecast: In the first quarter of 2024, AMC reported an EPS of -0.04. The company's earnings forecast for the full year 2024 is an EPS of 0.71. Looking ahead, analysts forecast an EPS of 1.63 for 2025 and 2.77 for 2026. The forecasted gross income for 2025 is 17.50 billion USD, and for 2026, it is 19.83 billion USD.
Recent Trends: The stock price of AMC experienced a significant pullback after the meme rally two weeks ago. The selling pressure remains high, as indicated by the continuous red candles on the daily chart. The nearest short-term support for AMC is at 3.52 USD.
Analyst Viewpoints: Analysts have provided a target price range for AMC. The mean target estimate is 79.22 USD, with a low estimate of 60.0 USD and a high estimate of 96.0 USD. The analyst recommendation for AMC is 12 recommends, 15 buys, and 4 holds.
Capital Flow Analysis: The capital flow data for AMC shows fluctuations in the past five days, with both inflows and outflows. It is important to consider the capital flow as it can indicate investor sentiment and market dynamics.
Faraday Future Intelligent Electric Inc. (FFIE)
Business and Industry: Faraday Future is an electric vehicle manufacturer. The company focuses on developing and producing electric vehicles with advanced technology and innovative features.
Latest Earnings and Earnings Forecast: Faraday Future reported an EPS of -0.62 in the first quarter of 2024. The earnings forecast for the full year 2024 is an EPS of -1.19. The forecasted gross income for 2024 is 4.62 billion USD.
Recent Trends: The stock price of FFIE has suffered a severe drop after releasing its earnings. The support price for FFIE on May 30th was 0.098 USD, and the resistance price was 0.908 USD.
Analyst Viewpoints: There is one hold recommendation for FFIE from analysts.
Capital Flow Analysis: The capital flow data for FFIE shows fluctuations in the past five days, with both inflows and outflows. Monitoring the capital flow can provide insights into investor sentiment and market dynamics.
Sea Ltd (SE)
Business and Industry: Sea Ltd is a technology company that operates digital entertainment, e-commerce, and digital financial services businesses. The company's e-commerce platform, Shopee, is one of the leading online marketplaces in Southeast Asia.
Latest Earnings and Earnings Forecast: The earnings forecast for Sea Ltd is an EPS of -15.39 for the full year 2024. The forecasted gross income for 2024 is 85.00 million USD.
Recent Trends: The stock price of SE has shown a strong rally since February 2024. The overall trend looks healthy, with sufficient pullbacks after each rally. Currently, the share price is retracing to test the neckline and EMA50 trendline support around 63.32 USD.
Analyst Viewpoints: Analysts have provided a target price range for SE. The mean target estimate is 79.22 USD, with a low estimate of 60.0 USD and a high estimate of 96.0 USD. The analyst recommendation for SE is 12 recommends, 15 buys, and 4 holds.
Capital Flow Analysis: The capital flow data for SE shows fluctuations in the past five days, with both inflows and outflows. Monitoring the capital flow can provide insights into investor sentiment and market dynamics.
Please note that the above analysis is for informational purposes only and should not be considered as investment advice. Investing in meme stocks can be highly volatile and risky. It is important to conduct thorough research and analysis before making any investment decisions.