CINEWORLD GRP. ORD 1P

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CINE
ISIN:	GB00B15FWH70

CINEWORLD GRP. ORD 1P - Daily - Technical analysis published on 10/10/2019 (GMT)

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Timeframe : Daily
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CINEWORLD GRP. ORD 1P Chart

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 213.96 GBX

My targets

202.10 GBX (-5.25%)

175.77 GBX (-17.59%)

My analysis

The bearish trend is currently very strong for CINEWORLD GRP. ORD 1P. As long as the price remains below the resistance at 213.96 GBX, you could try to take advantage of the bearish rally. The first bearish objective is located at 202.10 GBX. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 175.77 GBX as an objective. Crossing it would then enable sellers to target 90.70 GBX. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

FORCE

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay.

Additional analysis

Quotes

The CINEWORLD GRP. ORD 1P rating is 213.30 GBX. On the day, this instrument lost -0.84% with the lowest point at 210.40 GBX and the highest point at 216.00 GBX. The deviation from the price is +1.38% for the low point and -1.25% for the high point.

210.40

216.00

213.30

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CINEWORLD GRP. ORD 1P indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	90.70	175.77	202.10	213.30	213.96	249.00	264.46
Change (%)	-57.48%	-17.59%	-5.25%	-	+0.31%	+16.74%	+23.98%
Change	-122.60	-37.53	-11.20	-	+0.66	+35.70	+51.16
Level	Minor	Minor	Minor	-	Major	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	207.13	209.57	212.33	214.77	217.53	219.97	222.73
Camarilla	213.67	214.15	214.62	215.10	215.58	216.05	216.53
Woodie	207.30	209.65	212.50	214.85	217.70	220.05	222.90
Fibonacci	209.57	211.55	212.78	214.77	216.75	217.98	219.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	188.03	200.07	208.93	220.97	229.83	241.87	250.73
Camarilla	212.05	213.97	215.88	217.80	219.72	221.63	223.55
Woodie	186.45	199.28	207.35	220.18	228.25	241.08	249.15
Fibonacci	200.07	208.05	212.98	220.97	228.95	233.88	241.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	185.13	200.39	214.19	229.45	243.25	258.51	272.31
Camarilla	220.01	222.67	225.34	228.00	230.66	233.33	235.99
Woodie	184.41	200.03	213.47	229.09	242.53	258.15	271.59
Fibonacci	200.39	211.49	218.35	229.45	240.55	247.41	258.51

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	35.22
MACD (12,26,9):	-4.5900
Directional Movement:	-11.93
AROON (14):	-100.00
DEMA (21):	217.90
Parabolic SAR (0,02-0,02-0,2):	227.97
Elder Ray (13):	-7.39
Super Trend (3,10):	231.20
Zig ZAG (10):	212.80
VORTEX (21):	0.8300
Stochastique (14,3,5):	9.06
TEMA (21):	215.63
Williams %R (14):	-91.37
Chande Momentum Oscillator (20):	-20.30
Repulse (5,40,3):	-1.3200
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	16.39

MA7:	215.69
MA20:	227.66
MA50:	227.75
MA100:	245.72
MAexp7:	217.00
MAexp20:	223.07
MAexp50:	230.59
MAexp100:	241.84
Price / MA7:	-1.11%
Price / MA20:	-6.31%
Price / MA50:	-6.34%
Price / MA100:	-13.19%
Price / MAexp7:	-1.71%
Price / MAexp20:	-4.38%
Price / MAexp50:	-7.50%
Price / MAexp100:	-11.80%

News

The last news published on CINEWORLD GRP. ORD 1P at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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