CINE.L - Cineworld Group

Exchange: XLON

CINE.L - Cineworld Group

Exchange: XLON

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE -0.20%
PRICE £295.00





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Cineworld Group Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Sell candidate since 2018-10-09 Loss -2.38%

Cineworld Group fell by -0.20% in the last day from £295.60 to £295.00 The price has fallen in 7 of the last 10 days and is down by -8.84% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.31 million shares and in total 4.47 million shares bought and sold for approximately £1 318.16 million.


Cineworld Group lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £289.19 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.1% during the next 3 months and, with 90% probability hold a price between £332.86 and £392.14 at the end of this period.

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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 £308.37. On a fall, the stock will find some support from the short-term average at £293.83. 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 Tuesday October 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 35 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at £270.60 and £270.00.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cineworld Group finds support just below today's level at £270.60. If this is broken, then the next support from accumulated volume will be at £270.00 and £268.80.

Support: £270.60 Price: £295.00 Resistance: £306.00


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 £5.80 (1.98%) between high and low. For the last week, the stock has had a daily average volatility of 2.67%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

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