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 CZR
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Caesars Entertainment Corporation stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 26, 2024 Gain 2.41% PDF

The Caesars Entertainment Corporation stock price gained 0.88% on the last trading day (Thursday, 28th Mar 2024), rising from $43.36 to $43.74. It has now gained 4 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 1.22% from a day low at $43.42 to a day high of $43.95. The price has risen in 7 of the last 10 days and is up by 9.57% over the past 2 weeks. Volume fell on the last day by -32 thousand shares and in total, 2 million shares were bought and sold for approximately $108.05 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 short-term trend, the stock is expected to fall -10.85% during the next 3 months and, with a 90% probability hold a price between $34.22 and $38.99 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.

CZR Signals & Forecast

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 $42.32 and $42.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 11.67%. 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). 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 for Caesars Entertainment Corporation stock

Caesars Entertainment Corporation finds support from accumulated volume at $42.24 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.530 between high and low, or 1.22%. For the last week, the stock has had daily average volatility of 2.51%.

Our recommended stop-loss: $42.29 (-3.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Caesars Entertainment Corporation to open at $43.70, and during the day (based on 14 day Average True Range), to move between $42.42 and $45.06, which gives a possible trading interval of +/-$1.32 (+/-3.02%) up or down from last closing price. If Caesars Entertainment Corporation takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $44.09 (0.80%) than the support at $42.24 (3.43%), 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 Caesars Entertainment Corporation stock A Buy?

Caesars Entertainment Corporation 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: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Caesars Entertainment Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$43.70 ( 0.0838%) $43.74

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

Trading levels for CZR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 44.23 1.13 %
R2 44.03 0.665 %
R1 43.91 0.379 %
Current price: 43.74
Support S1 43.50 -0.547 %
S2 43.38 -0.83 %
S3 43.17 -1.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 46.76 6.90 %
R2 46.53 6.38 %
R1 44.09 0.80 %
Current price 43.74
Support S1 42.24 -3.43%
S2 41.65 -4.78%
S3 39.17 -10.45%

FAQ

What is the symbol for Caesars Entertainment Corporation Stock and on which exchange is it traded?
The symbol for Caesars Entertainment Corporation is CZR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Caesars Entertainment Corporation Stock?
Caesars Entertainment Corporation 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 Caesars Entertainment Corporation Stock?
Caesars Entertainment Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Caesars Entertainment Corporation Stock.

What's the current price of Caesars Entertainment Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Caesars Entertainment Corporation (CZR) share was $43.74.

What is the 52-week high and low for Caesars Entertainment Corporation Stock?
The 52-week high for Caesars Entertainment Corporation Stock is $60.26 and the 52-week low is $38.33.

What is the market capitalization of Caesars Entertainment Corporation Stock?
As of the 2024-03-28, the market capitalization of Caesars Entertainment Corporation is 9.461B.

When is the next earnings date for Caesars Entertainment Corporation?
The upcoming earnings date for Caesars Entertainment Corporation is May 07, 2024.
Click to get the best stock tips daily for free!

About Caesars Entertainment Corporation

Caesars Entertainment Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services. As of December 31,2021... CZR Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT