CINEMARK HOLDINGS INC (CNK) Technical Analysis
NYSE:CNK • US17243V1026
Current stock price
CNK Technical Rating and Analysis
Overall CNK gets a technical rating of 8 out of 10. Although CNK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- CNK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- CNK has an average volume of 2299110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, CNK turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- CNK is part of the Entertainment industry. There are 79 other stocks in this industry, CNK did better than 69% of them.
- CNK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNK is lagging the market.
CNK Weekly and Daily overview Charts
CNK Setup Rating and Analysis
Besides having an excellent technical rating, CNK also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 30.17. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CNK Support and Resistance Analysis
22.97
When analyzing the support we can see 5 important areas.
- A support zone ranging from 27.35 to 27.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.41 from a trend line in the daily time frame.
- A support zone ranging from 25.53 to 25.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.86 from a horizontal line in the daily time frame.
- Support @23.20 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.17 to 31.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CNK 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 | UP | POSITIVE | The long term trend for CNK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNK is up. |
| ChartMill Relative Strength | 62.36 | NEUTRAL | CNK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CNK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.35 | NEUTRAL | The RSI value for CNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CNK has a negative trend. |
| Stochastics (14,3) | 71.24 | NEUTRAL | The Stochastics value for CNK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for CNK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.65 | NEGATIVE | The low ADX value for CNK suggests a weak or negative trend. |
CNK Chart- and CandleStick Pattern Analysis
CNK Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 31.19 | 29.31 | 1.88 (6.03%) | 16.59% |
| An entry @31.19. This is a Buy Stop order right above the resistance zone. | An exit @29.31. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.88 points, which is 6.03%. | When investing 16.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CNK Technicals: Chart, Performance Metrics, Trend & Indicators
30.01
+0.01 (+0.03%)
CINEMARK HOLDINGS INC / CNK TA FAQ
What is the ChartMill technical rating of CINEMARK HOLDINGS INC (CNK) stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for CNK stock?
CINEMARK HOLDINGS INC (CNK) has an RSI value of 62.3458. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CINEMARK HOLDINGS INC?
The short term momentum for CINEMARK HOLDINGS INC (CNK) is positive.
Can you provide the support and resistance levels for CINEMARK HOLDINGS INC?
CINEMARK HOLDINGS INC (CNK) has a support level at 27.56 and a resistance level at 30.17. Check the full technical report for our detailed analysis of CNK support and resistance levels.