CGX Technical Analysis - CINEPLEX INC

Technical Rating and Analysis

Overall CGX gets a technical rating of 5 out of 10. CGX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

CGX is part of the Entertainment industry. There are 11 other stocks in this industry. CGX outperforms 80% of them.

CGX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CGX is lagging the market slightly.

In the last month CGX has a been trading in the 11.04 - 12.46 range, which is quite wide. It is currently trading near the high of this range.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

When comparing the performance of all stocks over the past year, CGX turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CGX has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.45

12.33

We found 3 important support areas.

A support zone ranging from 11.28 to 11.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 10.32 to 10.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @9.55 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

Resistance @12.21 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for CGX.CA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CGX.CA is neutral.
ChartMill Relative Strength	54.37	NEUTRAL	CGX.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CGX.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CGX.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of CGX.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	57.44	NEUTRAL	The RSI value for CGX.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests CGX.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	39.36	NEUTRAL	The Stochastics value for CGX.CA is a neutral value.
Average True Range in percent/ATR (20)	2.88	MEDIUM VOLATILITY	The ATR as a percentage value for CGX.CA suggests some volalility.
Average Directional Index/ADX (14)	27.29	POSITIVE	The high ADX value value for CGX.CA suggests a strong trend.