The Hourly View for CNK
At the moment, CNK (Get Ratings)’s price is up $0.06 (0.33%) from the hour prior. The hourly chart shows that CNK has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Out of Entertainment stocks, CNK ranks 15th in regards to today’s price percentage change.
CNK’s Technical Outlook on the Daily Chart
At the moment, CNK’s price is up $0.21 (1.17%) from the day prior. CNK has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them so that price is now turning above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Cinemark Holdings Inc’s price action over the past 90 days can be seen via the chart below.
<CNK's volume of shares traded is 207241; this is 91.35% lower than that of its 7 day average.
CNK: Daily RSI Analysis
- For CNK, its RSI is now at 11.7318.
- CNK and RSI both have consistent trends, as they are both heading down.
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The post Cinemark Holdings Inc (CNK): Price Now Near $18.17; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.