Century Casinos Stock Forecast
Century Casinos stock price ended at $3.11 on Tuesday, after gaining 2.98%.
(Updated on Apr 23, 2024)
The Century Casinos stock price gained 2.98% on the last trading day (Tuesday, 23rd Apr 2024), rising from $3.02 to $3.11. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.02% from a day low at $2.99 to a day high of $3.14. The price has been going up and down for this period, and there has been a -6.61% loss for the last 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 73 thousand shares were bought and sold for approximately $227.47 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -8.45% during the next 3 months and, with a 90% probability hold a price between $2.14 and $3.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CNTY Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -7.16%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. 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 $3.06 and $3.03. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Century Casinos stock
Century Casinos finds support from accumulated volume at $3.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.150 between high and low, or 5.02%. For the last week the stock has had daily average volatility of 5.47%.
Our recommended stop-loss: $2.95 (-5.14%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (CNTY) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Century Casinos to open at $3.08, and during the day (based on 14 day Average True Range), to move between $2.92 and $3.30, which gives a possible trading interval of +/-$0.187 (+/-6.02%) up or down from last closing price. If Century Casinos takes out the full calculated possible swing range there will be an estimated 12.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.08 (0.96%) than the resistance at $3.23 (3.86%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.924 Hold/Accumulate Unchanged
Predicted Opening Price for Century Casinos of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $3.08 ( 0.96%) | $3.11 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 3.23 | 3.86 % | |
| R2 | 3.17 | 2.02 % | ||
| R1 | 3.14 | 0.88 % | ||
| Current price: | 3.11 | |||
| Support | S1 | 3.02 | -2.81 % | |
| S2 | 2.99 | -3.95 % | ||
| S3 | 2.93 | -5.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.33 | 7.07 % | |
| R2 | 3.32 | 6.75 % | ||
| R1 | 3.23 | 3.86 % | ||
| Current price | 3.11 | |||
| Support | S1 | 3.08 | -0.96% | |
| S2 | 3.07 | -1.29% | ||
| S3 | 2.75 | -11.58% |
FAQ
Click here for our free guide on how to buy Century Casinos Stock.
