CINEMARK HOLDINGS INC (CNK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CNK - US17243V1026 - Common Stock
Taking everything into account, CNK scores 0 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.
The technical rating of CNK is bad and it also does not present a 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.
More info and screens
21.71
When analyzing the support we can see 2 important areas.
- Support @22.35 from a trend line in the weekly time frame.
- A support zone ranging from 21.93 to 21.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 23.86 to 23.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.42 from a trend line in the weekly time frame.
- Resistance @29.20 from a trend line in the daily time frame.
- Resistance @30.71 from a horizontal line in the daily time frame.
- Resistance @31.91 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 | 17.96 | NEGATIVE | CNK has a low relative strength, it was outperformed by 82.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNK is above a declining 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) | 50.59 | NEUTRAL | The RSI value for CNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CNK has a positive trend. |
| Stochastics (14,3) | 64.4 | NEUTRAL | The Stochastics value for CNK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for CNK suggests some volalility. |
| Average Directional Index/ADX (14) | 34.14 | POSITIVE | The high ADX value value for CNK suggests a strong trend. |
23.85
+1.38 (+6.14%)
CINEMARK HOLDINGS INC / CNK FAQ
What is the ChartMill technical rating of CINEMARK HOLDINGS INC (CNK) stock?
ChartMill assigns a technical rating of 0 / 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 50.5857. 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 0.200254, 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.