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Caesars Entertainment Corporation Stock Forecast NASDAQ:CZR

$108.57 (1.16%)

Volume: 2M

Closed: September 16, 2021

Score: 6.628

Caesars Entertainment Corporation Stock Forecast

$108.57 (1.16%)

Volume: 2M

Closed: September 16, 2021

Score 6.628
Which way will CZR go? Request
Stop-loss: $103.68 (-4.51%)
Key Stats
P/E Ratio -12.49
Beta 2.14
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 68 and the stock is currently not being overbought or oversold

Caesars Entertainment Corporation stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on September 16, 2021)

Buy candidate since 2021-09-15 Gain 1.16%

The Caesars Entertainment Corporation stock price gained 1.16% on the last trading day (Thursday, 16th Sep 2021), rising from $107.33 to $108.57. , and 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 day the stock fluctuated 2.54% from a day low at $106.79 to a day high of $109.50. The price has risen in 7 of the last 10 days and is up by 6.56% over the past 2 weeks. Volume fell on the last day by -738 thousand shares and in total, 2 million shares were bought and sold for approximately $171.08 million. 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.

Given the current horizontal trend, you can expect Caesars Entertainment Corporation stock with a 90% probability to be traded between $83.69 and $109.72 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

Mostly positive signals in the chart today. The Caesars Entertainment Corporation 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 $105.71 and $95.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 31.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $102.43 and $90.50. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Caesars Entertainment Corporation finds support just below today's level at $102.43. If this is broken, then the next support from accumulated volume will be at $90.50 and $84.99.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.71 between high and low, or 2.54%. For the last week, the stock has had a daily average volatility of 4.06%.

Our recommended stop-loss: $103.68 (-4.51%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 19 days ago.)

Is Caesars Entertainment Corporation stock A Buy?

Caesars Entertainment Corporation holds several positive signals and is considered to be a good choice at current levels. We expect the Caesars Entertainment Corporation stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.628

Predicted Opening Price for Caesars Entertainment Corporation of Friday, September 17, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price September 17, 2021 Current price
$108.29 $108.57 (Overvalued)
Strong Buy Candidate Upgraded

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Analyst Ratings

On September 14, 2021 "Wells Fargo & Company" gave "" rating for CZR. The price target was changed from $103.07 to 1.2%.

Volatility and Risk
Daily Average Volatility: 4.06 %
Overall Risk: Very High High Medium Low Very Low
4.06 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

No Resistance Found
Price: $108.57
Support: $102.43

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 111.00 2.24 %
109.96 1.28 %
109.32 0.69 %
Current price: 108.57
Support 107.25 -1.21 %
106.61 -1.80 %
105.58 -2.76 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 108.57
Support 102.43 -5.66%
90.50 -16.64%
84.99 -21.72%

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About Caesars Entertainment Corporation

Caesars Entertainment Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. It operates in three segments: Caesars Entertainment Resort Properties, Caesars Growth Partners Casino Properties and Developments, and Caesars Interactive Entertainment. The company owns, operates, or manages casinos; and operates Harrah’s Atlantic City Waterfront Conference Center and The... Read more

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