CGX (Cineplex Inc.) - Potential Pullback After Breaking TrendlinOn the 4-hour timeframe, CGX has recently broken below a key trendline that originated in late November, signaling potential weakness ahead. Here’s the detailed analysis:
1. Overbought Conditions: The RSI has climbed above 80, indicating overbought levels that often precede price corrections. This
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−0.59 CAD
−37.68 M CAD
1.33 B CAD
63.05 M
About CINEPLEX INC
Sector
Industry
CEO
Ellis Jacob
Website
Headquarters
Toronto
Founded
1912
FIGI
BBG000BTPDK5
Cineplex Inc. engages in the theatre operations business. It operates through the following segments: Film Entertainment and Content, Media, Amusement and Leisure, and Location Based Entertainment. The company was founded in 1912 and is headquartered in Toronto, Canada.
Cineplex $CGX making a comeback!Key Stats
Price: $12.63 (as of Dec 1, 2024)
Market Cap: 798M CAD
Revenue (TTM): 1.39B CAD (+1.95% YoY)
P/S Ratio: 0.78
Next Earnings Date: February 2025
Top 3 Technical Reasons (Bullish Bias)
Strong support near $12.50: CGX has been testing this zone, forming a solid base with
Weekly Cup & Handle - CineplexWeekly Cup & handle formation spotted on $CGX.TO. Canada is opening up, the possibility of another lockdown is low with an upcoming election. If the liberal party wins for the next term, CGX will benefit due to Liberal party's plan to support hard-hit businesses with the Arts and Culture Recovery P
Cineplex CGX possible double bottom reversal, Bullish daily RSICineplex has potentially formed a double bottom here with a price target of around 22 dollars. Supporting this is the Daily RSI which should break out of the descending wedge any time soon now. Key resistances are shown on the chart. Ontario full reopening soon on or after the 16th of August with ma
Canada Reopening in 5...4...3.. :Potential Weekly Inverse H&S $CGX's pattern currently looks like it could be forming an inverse H&S on a weekly. If validated, the target would be around $27. Canada is progressing very nicely in vaccination effort, with COVID case counts being steadily being lowered. Once the economy is reopened, 2021 is packed with good movie
Clear Retracement at 50%; GeneralTrend continuation
The more often a stock attempts to break through resistance, and retraces less each time is a sign that there is an increased likelihood that the stock will break the resistance and breakout out of its current range, so this should be an indication to buy the stock.
This might
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
Neutral
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Strong sellSellNeutralBuyStrong buy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of CGX is 9.14 CAD — it has increased by 3.04% in the past 24 hours. Watch CINEPLEX INC stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on TSX exchange CINEPLEX INC stocks are traded under the ticker CGX.
CGX stock has fallen by −0.22% compared to the previous week, the month change is a −2.77% fall, over the last year CINEPLEX INC has showed a 19.01% increase.
We've gathered analysts' opinions on CINEPLEX INC future price: according to them, CGX price has a max estimate of 16.00 CAD and a min estimate of 11.00 CAD. Watch CGX chart and read a more detailed CINEPLEX INC stock forecast: see what analysts think of CINEPLEX INC and suggest that you do with its stocks.
CGX stock is 3.38% volatile and has beta coefficient of 1.38. Track CINEPLEX INC stock price on the chart and check out the list of the most volatile stocks — is CINEPLEX INC there?
Today CINEPLEX INC has the market capitalization of 579.72 M, it has decreased by −4.60% over the last week.
Yes, you can track CINEPLEX INC financials in yearly and quarterly reports right on TradingView.
CINEPLEX INC is going to release the next earnings report on May 9, 2025. Keep track of upcoming events with our Earnings Calendar.
CGX earnings for the last quarter are 0.05 CAD per share, whereas the estimation was 0.11 CAD resulting in a −53.49% surprise. The estimated earnings for the next quarter are −0.42 CAD per share. See more details about CINEPLEX INC earnings.
CINEPLEX INC revenue for the last quarter amounts to 362.74 M CAD, despite the estimated figure of 367.18 M CAD. In the next quarter, revenue is expected to reach 276.59 M CAD.
CGX net income for the last quarter is 3.33 M CAD, while the quarter before that showed −24.73 M CAD of net income which accounts for 113.47% change. Track more CINEPLEX INC financial stats to get the full picture.
As of Apr 20, 2025, the company has 10 K employees. See our rating of the largest employees — is CINEPLEX INC on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. CINEPLEX INC EBITDA is 227.86 M CAD, and current EBITDA margin is 17.13%. See more stats in CINEPLEX INC financial statements.
Like other stocks, CGX shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade CINEPLEX INC stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So CINEPLEX INC technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating CINEPLEX INC stock shows the sell signal. See more of CINEPLEX INC technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.