Full House Resorts stock upgraded to Sell Candidate.
(Updated on Sep 26, 2022)
Sell candidate since 2022-09-21 Loss -7.87% PDF
The Full House Resorts stock price gained 1.23% on the last trading day (Monday, 26th Sep 2022), rising from $5.67 to $5.74. During the last trading day the stock fluctuated 5.85% from a day low at $5.64 to a day high of $5.97. The price has fallen in 6 of the last 10 days and is down by -18% for this period. Volume fell on the last day by -98 thousand shares and in total, 77 thousand shares were bought and sold for approximately $439.44 thousand. 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.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.69 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.06% during the next 3 months and, with a 90% probability hold a price between $6.54 and $9.50 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, September 23, 2022, and so far it has risen 1.23%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Full House 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 $6.27 and $6.90. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss
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 $0.33 between high and low, or 5.85%. For the last week the stock has had daily average volatility of 6.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Tuesday 27th
For the upcoming trading day on Tuesday, 27th we expect Full House Resorts to open at $5.78, and during the day (based on 14 day Average True Range), to move between $5.42 and $6.06, which gives a possible trading interval of +/-$0.32 (+/-5.62%) up or down from last closing price. If Full House Resorts takes out the full calculated possible swing range there will be an estimated 11.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.56 (3.14%) than the resistance at $6.08 (5.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Full House Resorts stock A Buy?
The Full House Resorts stock holds several negative signals and despite the positive trend, we believe Full House Resorts will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.201Sell Candidate Upgraded
Predicted Opening Price for Full House Resorts of Tuesday, September 27, 2022
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price September 27, 2022||Current price|
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About Full House Resorts
Full House Resorts, Inc. owns, develops, invests in, operates, manages, and leases casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 757 slot machines and 24 table games, a surface parking lot, and a 129 hotel rooms; an on-site sportsbook, a fine-dining restaurant, a buffet, and a quick-service restaurant, ... FLL Profile
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