CINEMARK HOLDINGS INC (CNK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNK - US17243V1026 - Common Stock
Taking everything into account, CNK scores 1 out of 10 in our technical rating. CNK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CNK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.28, a Stop Loss order could be placed below this zone.
More info and screens
21.71
When analyzing the support we notice one important area.
- A support zone ranging from 21.93 to 22.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 23.39 to 23.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.58 from a trend line in the weekly time frame.
- Resistance @29.32 from a trend line in the daily time frame.
- Resistance @30.71 from a horizontal line in the daily time frame.
- Resistance @31.97 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for CNK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNK is down. |
| ChartMill Relative Strength | 15.19 | NEGATIVE | CNK has a low relative strength, it was outperformed by 84.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.15 | NEUTRAL | The RSI value for CNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests CNK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.27 | NEUTRAL | The Stochastics value for CNK is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for CNK suggests some volalility. |
| Average Directional Index/ADX (14) | 33.95 | POSITIVE | The high ADX value value for CNK suggests a strong trend. |
22.76
-0.21 (-0.91%)
CINEMARK HOLDINGS INC / CNK FAQ
What is the ChartMill technical rating of CINEMARK HOLDINGS INC (CNK) stock?
ChartMill assigns a technical rating of 1 / 10 to CNK.
What is the current trend direction of CINEMARK HOLDINGS INC (CNK) stock?
The current trend direction for CINEMARK HOLDINGS INC (CNK) is Bearish.
Can you provide the RSI signal for CINEMARK HOLDINGS INC?
CINEMARK HOLDINGS INC (CNK) has an RSI value of 39.15. This indicates that the stock is currently neutral.
What is the MACD signal for CINEMARK HOLDINGS INC (CNK) stock?
The MACD indicator for CINEMARK HOLDINGS INC (CNK) has a value of 0.162026, indicating a bearish trend.
What is the buy/sell signal for CINEMARK HOLDINGS INC (CNK) stock?
The buy/sell signal for CINEMARK HOLDINGS INC (CNK) is sell as both the short term and long term trends are negative.