CNK - Cinemark - While they focus on AMC, dont forget Cinemark!Even while the rest of the market pulls back, Cinemark is holding strong. Everyone is so focused on AMC that they are missing out on Cinemark. Cinemark beat expectations in the last 2 earnings. Cinemark is turning a small profit as well. Add Cinemark to your watchlist?
CNK trade ideas
CNK - defying the sector trendCNK killing it as AMC falls? CNK repeating it's last candlestick rise up? What is supporting this run when comparative stocks are getting crushed? Looking for put contracts at this peak but it has the ability to run like it did before.
Same short interest at 25% float as AMC, but compare CNK to AMC
Not trading advice
"Potential Cup and Handle with Bull Flag Patterns in Cinemark Analysis:
Chart Patterns: Cinemark Holdings, Inc. (CNK) is currently displaying a Cup and Handle pattern, indicating a potential bullish continuation. Additionally, there is a possible Bull Flag pattern forming.
Breakout Potential: A breakout from the handle or the flag could lead to significant upward movement.
Target Price: Estimate target prices based on the height of the cup and the flagpole.
Stop-Loss: Set a stop-loss just below the handle's low or the flag's support to manage risk.
Fundamental Overview:
Revenue (TTM): $3,035.2M
Net Income: $211.9M
Debt/Equity Ratio: 10.90
Forward P/E: 11.27
Cinemark Holdings, Inc. shows strong revenue and net income recovery with solid profitability margins and cash flow. The company has a high debt-to-equity ratio, which indicates significant leverage. The current stock price reflects a positive market sentiment with a forward P/E suggesting potential growth. Investors should weigh the high leverage against the company's recovery and profitability.
Conclusion:
Both patterns suggest potential bullish momentum. However, investors should consider the company's high leverage when making investment decisions.
Investment Note:
Trading stocks involves risks. Carefully consider your financial situation and investment goals before making decisions.
CNK (Cinemark Holdings ) Buy TF M30 TP = 15.14On the M30 chart the trend started on Nov. 24 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 15.14
But we should not forget about SL = 13.78
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
CINEMARK HOLDINGSOnly technical analysis, The MACD is falling sharply which means there is an absence of buyers. However, I have price projections that will drop to 14.77 and have a sharp rejection. I viewed this on the 4hr chart for more accuracy compared to the day chart. Assuming the mean of the chart within 5 years is around 32.5 or 33 --a guess-- then price will eventually go back to the mean.
Buy $CNK - NRPicks 21 MayCinemark Holdings, Inc. together with its subsidiaries, is engaged in the motion picture exhibition business. As of March 4, 2021, it operated 531 theaters with 5,958 screens in the United States, Brazil, Argentina, Chile, Colombia, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao and Paraguay.
CNK is a very volatile company that has been moving sideways since April and could be close to a breakout.
The company will benefit from the economic recovery as it did in the first quarter of 2021:
- Revenue $114.36M
- Net Income -$208.24M
- Cash $512.83M
- P/S fwd 1.73
CNK - D :: RECOVERY TARGETReason: For a little over one year, the pandemic forced people to avoid or cancel vacations and spend money on the products and services they wanted. Instead they had to stock up on food, guns, and toilet paper.
Therefore, the current price point of CNK stock is attractive.
Trade of the dayApr 7
One more trade for today, wolves🔥
Symmetrical triangle on CNK share.
Occasionally the price is in a side-trend.
So the breakout will be a signal for those in whose direction the price will go.
Bulls or Bears!
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
So follow the chart and look for the breakout carefully.
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There is one more interesting formation.
Symmetrical triangle on CNK share.
There was a strong bullish impluse before this consolidation.
According to Elliott Waves theory all the waves are done and now price is heading to the breakout.
Follow the chart and look for the breakout carefully.
_____________________________________________________
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Feel free to leave comments✉️
CINEMARK IDEA: cup with handleCinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. As of March 4, 2021, it operated 531 theatres with 5,958 screens in the United States, Brazil, Argentina, Chile, Colombia, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao, and Paraguay.
Cinemark amid reopening: levels to watchCNK is one of the companies in the leisure and entertainment industry that has made a great run in the past few months. The stock is currently trading about 200% from the October 2020 lows, but still roughly 30% below the pre-pandemic levels. Since Saturday, March 13, the company has started reopening movie theatres in the Los Angeles area. Today we have to see if the bulls take this piece of news as an additional catalyst.
Looking at the chart, CNK shows a solid uptrend defined by a diagonal channel with 20, 50, 100, and 200-day moving averages aligned. Today the shares have advanced during the European session and are poised to open above the monthly R1 Fibonacci pivot (RM1, $ 24.2). I want to see CNK holding the RM1 level. In this case, I will consider the next monthly pivot RM2 ($ 24.59) as the near-term price target. If upward momentum persists, a cross above RM2 will put diagonal resistance (green dashed line) to test and possibly pave the way towards the RM3 pivot ($ 27.84). Upon reaching RM3, the stock will revisit the high set on January 27. Therefore, I expect to see solid resistance at this price level.
In order to have a game plan for a move below RM1 (triggered, for example, by a broader market selloff), I will be watching the 20-day EMA, which has acted as support quite a few times since December 2020. Below this EMA, the monthly pivot point (PM; $ 21.95) and the 50-day moving average will be in play.
$CNK Bullish setup if breakout 18.25 targeting 22 then 32Bullish indicators supported by moving higher with volume on Friday . to be watched if it can breakout redline then possible to jump further to close previous gaps during pandemic falling. Big gap at 9.0 so best entry if it reached there or if its breakout !!