Cineworld Group Forecast and Stock Analysis
Technical CINE.L stock analysis for February 18, 2019.
Cineworld Group gained 0.23% in the last trading day, rising from £259.40 to £260.00 The price has fallen in 6 of the last 10 days and is down by -0.31% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.26 million more shares were traded than the day before. In total, 4.17 million shares bought and sold for approximately £1 085.30 million.
Close price at the end of the last trading day (Monday, 18th Feb 2019) of the CINE.L stock was £260.00. This is 0.23% more than the trading day before Friday, 15th Feb 2019.
During day the stock fluctuated 2.09% from a day low at £258.00 to a day high of £263.40.
30 day high of the CINE.L stock price was £271.20 and low was £253.00.
90 day high was £287.80 and low was £246.20.
52 week high for the Cineworld Group - £325.40 and low - £223.80.
Cineworld Group lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.67% during the next 3 months and, with 90% probability hold a price between £229.92 and £266.10 at the end of this period.
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Cineworld Group holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £265.04. On a fall, the stock will find some support from the short-term average at £259.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Cineworld Group finds support from accumulated volume at £258.20.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £5.40 (2.09%) between high and low. For the last week, the stock has had a daily average volatility of 2.46%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
Cineworld Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.