Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CNTY
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Century Casinos stock price took a fall of -5.11% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Loss -5.11% PDF

The Century Casinos stock price fell by -5.11% on the last day (Thursday, 28th Mar 2024) from $3.33 to $3.16. During the last trading day the stock fluctuated 8.06% from a day low at $3.10 to a day high of $3.35. The price has been going up and down for this period, and there has been a 2.93% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -38 thousand shares and in total, 280 thousand shares were bought and sold for approximately $883.90 thousand.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $3.30 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -36.48% during the next 3 months and, with a 90% probability hold a price between $1.27 and $2.10 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.

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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 $2.98 and $2.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 26.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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 may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.250 between high and low, or 8.06%. For the last week the stock has had daily average volatility of 8.20%.

Our recommended stop-loss: $3.04 (-3.84%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (CNTY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Century Casinos to open at $3.20, and during the day (based on 14 day Average True Range), to move between $2.92 and $3.40, which gives a possible trading interval of +/-$0.239 (+/-7.56%) up or down from last closing price. If Century Casinos takes out the full calculated possible swing range there will be an estimated 15.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.23 (2.22%) than the support at $3.08 (2.53%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.467 Hold/Accumulate Downgraded

Predicted Opening Price for Century Casinos of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.20 ( 1.37%) $3.16

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 3.45 9.28 %
R2 3.36 6.26 %
R1 3.30 4.39 %
Current price: 3.16
Support S1 3.11 -1.65 %
S2 3.05 -3.52 %
S3 2.95 -6.54 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.62 14.40 %
R2 3.33 5.38 %
R1 3.23 2.22 %
Current price 3.16
Support S1 3.08 -2.53%
S2 3.07 -2.85%
S3 2.75 -12.97%

FAQ

What is the symbol for Century Casinos Stock and on which exchange is it traded?
The symbol for Century Casinos is CNTY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Century Casinos Stock?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Century Casinos Stock?
Century Casinos Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Century Casinos Stock.

What's the current price of Century Casinos Stock?
As of the end of day on the 2024-03-28, the price of an Century Casinos (CNTY) share was $3.16.

What is the 52-week high and low for Century Casinos Stock?
The 52-week high for Century Casinos Stock is $8.11 and the 52-week low is $2.46.

What is the market capitalization of Century Casinos Stock?
As of the 2024-03-28, the market capitalization of Century Casinos is 95.937M.

When is the next earnings date for Century Casinos?
The upcoming earnings date for Century Casinos is May 14, 2024.
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About Century Casinos

Century Casinos Century Casinos, Inc. operates as a casino entertainment company in the United States, Canada, and Poland. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. As of March 8, 2022, it operated two ship-based casinos. The company was founded in 1992 and is based in Colorado Springs, Colorado.... CNTY Profile

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