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$91.20 (-2.92%)

Volume: 3M

Closed: Nov 26, 2021

Hollow Logo Score: -6.602

Eldorado Resorts Stock Forecast

$91.20 (-2.92%)

Volume: 3M

Closed: Nov 26, 2021

Score Hollow Logo -6.602
* 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 ] The Eldorado Resorts stock currently holds an RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Eldorado Resorts stock downgraded to Strong Sell Candidate
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Eldorado Resorts stock price fell by -2.92% on the last day (Friday, 26th Nov 2021) from $93.94 to $91.20. During the day the stock fluctuated 4.89% from a day low at $87.00 to a day high of $91.25. The price has fallen in 8 of the last 10 days and is down by -10.49% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $274.00 million.

Given the current short-term trend, the stock is expected to fall -5.26% during the next 3 months and, with a 90% probability hold a price between $86.40 and $109.45 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Eldorado Resorts stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $95.09 and $106.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, October 01, 2021, and so far it has fallen -23.68%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $4.25 between high and low, or 4.89%. For the last week, the stock has had a daily average volatility of 3.88%.

Eldorado Resorts is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Eldorado Resorts stock A Buy?

Eldorado Resorts holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.602

Predicted Opening Price for Eldorado Resorts of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$89.82 $91.20 (Overvalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

Morgan Stanley is very positive about ERI and gave it a "Overweight" rating on Jul 20, 2020. The price target was changed from $23.00 to $52.00.

Volatility and Risk
Daily Average Volatility: 3.88 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.88 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $103.07
Price: $91.20
No Support Found

ERI Insider Trading Show all Trades

INSIDER POWER

1.153

Last 100 transactions
Buy: 559 041 | Sell: 484 748 (Shares)
Date Action Amount Person Type
Jan 29, 2021 Buy 4 237 Lepori Stephanie Restricted Stock Unit
Jan 29, 2021 Buy 2 933 Pegram Michael E Restricted Stock Units
Jan 29, 2021 Buy 16 951 Carano Anthony L. Restricted Stock Unit
Jan 29, 2021 Buy 20 993 Carano Gary L. Restricted Stock Unit
Jan 29, 2021 Buy 2 933 Fahrenkopf Frank J Jr Restricted Stock Units
Show all Insider Trades
INSIDER POWER

1.153

Last 100 transactions
Buy: 559 041 | Sell: 484 748 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 94.07 3.14 %
92.44 1.36 %
91.44 0.26 %
Current price: 91.20
Support 88.19 -3.30 %
87.19 -4.40 %
85.57 -6.18 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 106.07 16.30 %
103.12 13.07 %
103.07 13.02 %
Current price 91.20
Support 0 .
0 .
0 .

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About Eldorado Resorts

Eldorado Resorts Eldorado Resorts, Inc., a gaming and hospitality company, owns and operates gaming facilities in Ohio, Louisiana, Nevada, Pennsylvania, and West Virginia. It owns and operates Eldorado Resort Casino Reno, a 814-room hotel, casino and entertainment facility located in downtown Reno, Nevada; Silver Legacy Resort Casino, a 1,711-room themed hotel and casino located adjacent to Eldorado Reno and Circus Reno; and Circus Circus Reno, a 1,571-room hotel... Read more

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