Century Casinos Stock Forecast
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:
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
Red day on Friday for Century Casinos
(Updated on May 03, 2024)
The Century Casinos stock price fell by -0.322% on the last day (Friday, 3rd May 2024) from $3.11 to $3.10. During the last trading day the stock fluctuated 5.07% from a day low at $3.06 to a day high of $3.22. The price has risen in 6 of the last 10 days and is up by 5.44% over the past 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 -63 thousand shares and in total, 31 thousand shares were bought and sold for approximately $96.57 thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.61% during the next 3 months and, with a 90% probability hold a price between $2.62 and $3.46 at the end of this 3-month period.
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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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.03 and $3.07. A breakdown below any of these levels will issue sell signals. 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 Thursday, April 11, 2024, and so far it has fallen -7.46%. 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 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. The very low volume increases the risk and reduces the other technical signals issued.
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 $0.155 between high and low, or 5.07%. For the last week the stock has had daily average volatility of 5.18%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect Century Casinos to open at $3.13, and during the day (based on 14 day Average True Range), to move between $2.93 and $3.27, which gives a possible trading interval of +/-$0.174 (+/-5.60%) up or down from last closing price. If Century Casinos takes out the full calculated possible swing range there will be an estimated 11.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.11 (0.32%) than the support at $3.08 (0.65%), 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 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.
Current score: -1.840 Sell Candidate Unchanged
Predicted Opening Price for Century Casinos of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $3.13 ( 0.81%) | $3.10 |
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 | 3.28 | 5.81 % | |
| R2 | 3.22 | 3.90 % | ||
| R1 | 3.18 | 2.72 % | ||
| Current price: | 3.10 | |||
| Support | S1 | 3.07 | -1.10 % | |
| S2 | 3.03 | -2.28 % | ||
| S3 | 2.97 | -4.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.33 | 7.42 % | |
| R2 | 3.32 | 7.10 % | ||
| R1 | 3.11 | 0.323 % | ||
| Current price | 3.10 | |||
| Support | S1 | 3.08 | -0.645% | |
| S2 | 3.07 | -0.97% | ||
| S3 | 2.75 | -11.29% |
FAQ
Click here for our free guide on how to buy Century Casinos Stock.
