0% commission for ETF tradesCentury Casinos Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
A buy signal generated when short-term moving averages cross long-term moving averages in an upward direction.
Sell Signal (MA)
A sell signal generated when short-term moving averages cross long-term moving averages in a downward direction.
AI Analysis of CNTY
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Century Casinos stock downgraded to Sell Candidate
(Updated on Sep 19, 2024)
Sell candidate since Sep 19, 2024
No changes to the price of Century Casinos stock on the last trading day (Thursday, 19th Sep 2024). During the last trading day the stock fluctuated 8.19% from a day low at $2.36 to a day high of $2.55. The price has been going up and down for this period, and there has been a 2.93% gain for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.55% during the next 3 months and, with a 90% probability hold a price between $1.74 and $2.68 at the end of this 3-month period.
CNTY Signals & Forecast
The Century Casinos stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.43 and $2.38. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, September 13, 2024, and so far it has fallen -4.28%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Century Casinos stock
Century Casinos finds support from accumulated volume at $2.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.193 (8.19%) between high and low. For the last week, the stock has had daily average volatility of 8.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CNTY) For The Upcoming Trading Day Of Friday 20th
For the upcoming trading day on Friday, 20th we expect Century Casinos to open at $2.46, and during the day (based on 14 day Average True Range), to move between $2.31 and $2.61, which gives a possible trading interval of +/-$0.145 (+/-5.90%) up or down from last closing price. If Century Casinos takes out the full calculated possible swing range there will be an estimated 11.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.42 (1.63%) than the resistance at $2.55 (3.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Century Casinos stock A Buy?
Century Casinos holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score:
-1.010
Sell Candidate
Downgraded
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Predicted Fair Opening Price
Predicted fair opening price on September 20, 2024 - $2.46 ( 0.176%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for CNTY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.65 | 7.67% |
| R2 | 2.57 | 4.67% |
| R1 | 2.53 | 2.82% |
| Price | 2.46 | |
| S1 | 2.38 | -3.17% |
| S2 | 2.34 | -5.02% |
| S3 | 2.26 | -8.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.77 | 12.60% |
| R2 | 2.57 | 4.47% |
| R1 | 2.55 | 3.66% |
| Price | 2.46 | |
| S1 | 2.42 | -1.63% |
| S2 | 2.40 | -2.44% |
| S3 | 2.36 | -4.07% |
FAQ
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