National Cinemedia Inc

NCMI is in Stage 2 advancing with sequential higher highs and higher lows and rising EMAs, supporting a medium-term bullish bias. However, a Bullish Exhaustion pattern at new highs, overbought RSI, and elevated Options Score signal short-term exhaustion and warrant deferred entry. The preferred execution is on a pullback into the rising 9/21 EMA zone within the breakout area. The long-term downtrend remains intact until the 200 DMA is reclaimed, so focus remains on tactical timing rather than a full regime shift.

• ↑Attendance +15% YoY to 83M; domestic box office +25% YoY
• ↑Programmatic ad revenue +100% YoY unlocking new advertiser budgets
• ↓Adjusted OIBDA negative $10.5M highlights ongoing operational strain