Cineplex Inc. Stock Forecast
Red day on Tuesday for Cineplex Inc.
(Updated on Jun 25, 2024)
No changes to the price of Cineplex Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $5.25 to a day high of $5.25. The price has been going up and down for this period, and there has been a -0.94% loss for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.15 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.52% during the next 3 months and, with a 90% probability hold a price between $5.02 and $6.39 at the end of this 3-month period.
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CPXGF Signals & Forecast
There are mixed signals in the stock today. The Cineplex Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.34 and $5.81. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.382%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cineplex Inc. stock
Cineplex Inc. finds support from accumulated volume at $5.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.114%
Our recommended stop-loss: $4.92 (-6.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (CPXGF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Cineplex Inc. to open at $5.25, and during the day (based on 14 day Average True Range), to move between $5.17 and $5.33, which gives a possible trading interval of +/-$0.0842 (+/-1.60%) up or down from last closing price. If Cineplex Inc. takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.23 (0.38%) than the resistance at $6.08 (15.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cineplex Inc. stock A Buy?
Cineplex Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Cineplex Inc. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$5.25 ( 0%) | $5.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPXGF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.25 | - |
R2 | 5.25 | - |
R1 | 5.25 | - |
Price | 5.25 | |
S1 | 5.25 | - |
S2 | 5.25 | - |
S3 | 5.25 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.16 | 17.33% |
R2 | 6.12 | 16.57% |
R1 | 6.08 | 15.89% |
Price | 5.25 | |
S1 | 5.23 | -0.381% |
S2 | 0 | - |
S3 | 0 | - |
CPXGF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 30, 2020 | Jan 30, 2020 | Feb 28, 2020 | $0.114 | 0.473% |
2 | Dec 30, 2019 | Dec 30, 2019 | Dec 30, 2019 | $0.115 | 0.455% |
3 | Nov 29, 2019 | Nov 29, 2019 | Nov 29, 2019 | $0.113 | 0.582% |
4 | Oct 30, 2019 | Oct 30, 2019 | Oct 30, 2019 | $0.115 | 0.658% |
5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | $0.113 | 0.604% |
FAQ
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