Wed 17'th Oct 2018
Scientific Games Corp Stock Analysis
Technical stock analysis for Wed 17'th Oct 2018
|Shorts||4.90% ( 2018-09-28 )|
|Loans||8 088.8 mill|
Scientific Games Corp gained 0.96% in the last trading day, rising from $24.01 to $24.24 , 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. The price has fallen in 6 of the last 10 days and is down by -8.8% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.12 million more shares were traded than the day before. In total, 1.68 million shares bought and sold for approximately $40.78 million.
Scientific Games Corp lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $24.46 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -50.54% during the next 3 months and, with 90% probability hold a price between $5.99 and $12.10 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday October 15, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Scientific Games Corp holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $26.06. On a fall, the stock will find some support from the short-term average at $23.99. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Scientific Games Corp finds support from accumulated volume at $23.74.
This stock may move much during a 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 $1.22 between high and low, or 5.16%. For the last week, the stock has had a daily average volatility of 6.45%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Scientific Games Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.Click for Top 5 Sell Candidates
|SGMS $24.24 $0.23(0.96%)|
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