SGMS - Scientific Games Corp

Industry: Gaming Activities Sector: Services Exchange: NASDAQ

SGMS - Scientific Games Corp

Industry: Gaming Activities Sector: Services Exchange: NASDAQ
#6589()/6981

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE -2.45%
PRICE $49.70
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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Scientific Games Corp Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Sell candidate since 2018-06-18 Loss -12.58%
Shorts 10.40% ( 2018-06-29 )
Cash 394.6 mill
Loans 16 191.0 mill
Beta 2.45
ROA -4.64

Scientific Games Corp fell by -2.45% in the last day from $50.95 to $49.70 The price has been going up and down for this period, and there has been a 2.05% gain for the last 2 weeks. Volume has increased in the last day by 232 688 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 831 312 shares bought and sold for approximately $41.32 million.

Trend

Scientific Games Corp lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.86% during the next 3 months and, with 90% probability hold a price between $42.30 and $54.05 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Scientific Games Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $50.51 and $52.99. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday July 19, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A sell signal from a double bottom formation was found on Thursday July 19, 2018 with a target of $49.83. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 53 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Scientific Games Corp finds support from accumulated volume at $49.15.

Support: $49.15 Price: $49.70 Resistance: $51.85

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.40 (2.82%) between high and low. For the last week, the stock has had a daily average volatility of 2.27%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

SGMS $49.70 $-1.25(-2.45%)
SGMS is down $1.25 today, but where's it headed in August?
Zacks Investment Research is releasing its prediction for SGMS based on the 1-3 month system that more than doubles the S&P 500.

Click here – the SGMS analysis is free »
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