Why the high growth investor may take a look at NYSE:CNK.

A possible breakout setup was detected on CINEMARK HOLDINGS INC (NYSE:CNK) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NYSE:CNK.

Zooming in on the technicals.

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Overall CNK gets a technical rating of 7 out of 10. In the last year, CNK was one of the better performers, but we do observe some doubts in the very recent evolution.

• When comparing the yearly performance of all stocks, we notice that CNK is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by CNK over the past year are nicely spread over this period.
• CNK is part of the Entertainment industry. There are 72 other stocks in this industry. CNK outperforms 94% of them.
• CNK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CNK is lagging the market slightly.
• The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

Our latest full technical report of CNK contains the most current technical analsysis.

How does the Setup look for NYSE:CNK

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:CNK currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, CNK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 30.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.52, a Stop Loss order could be placed below this zone.

Looking into the high growth metrics of CINEMARK HOLDINGS INC

• The quarterly earnings of CINEMARK HOLDINGS INC have shown a 95.08% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• In the most recent financial report, CINEMARK HOLDINGS INC reported a 95.08% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• The free cash flow (FCF) of CINEMARK HOLDINGS INC has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• The Return on Equity(ROE) of CINEMARK HOLDINGS INC is 42.23%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• With a track record of beating EPS estimates 3 times in the last 4 quarters, CINEMARK HOLDINGS INC showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• The Relative Strength (RS) of CINEMARK HOLDINGS INC has consistently been strong, with a current 93.88 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. CINEMARK HOLDINGS INC demonstrates promising potential for sustained price momentum.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.