CENTURY CASINOS INC. - Daily - Technical analysis published on 09/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 8.74 USD
My targets
8.05 USD (-6.18%)
7.36 USD (-14.22%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 8.74 USD remains possible. It is advisable to trade CENTURY CASINOS INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 8.74 USD. The next bearish objective for sellers is set at 8.05 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.36 USD. In case of crossing, the next objective would be the support located at 6.98 USD. PS: if there is a bullish break in the resistance located at 8.74 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CENTURY CASINOS INC. rating 8.58 USD. On the day, this instrument lost -2.61% and was traded between 8.47 USD and 8.73 USD over the period. The price is currently at +1.30% from its lowest and -1.72% from its highest.8.47
8.73
8.58
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CENTURY CASINOS INC. in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.98 | 7.36 | 8.05 | 8.58 | 8.74 | 9.11 | 9.71 |
| Change (%) | -18.65% | -14.22% | -6.18% | - | +1.86% | +6.18% | +13.17% |
| Change | -1.60 | -1.22 | -0.53 | - | +0.16 | +0.53 | +1.13 |
| Level | Minor | Intermediate | Major | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.38 | 8.53 | 8.67 | 8.82 | 8.96 | 9.11 | 9.25 |
| Camarilla | 8.73 | 8.76 | 8.78 | 8.81 | 8.84 | 8.86 | 8.89 |
| Woodie | 8.38 | 8.53 | 8.67 | 8.82 | 8.95 | 9.11 | 9.24 |
| Fibonacci | 8.53 | 8.64 | 8.71 | 8.82 | 8.93 | 9.00 | 9.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.02 | 7.50 | 8.21 | 8.70 | 9.41 | 9.89 | 10.60 |
| Camarilla | 8.59 | 8.70 | 8.81 | 8.92 | 9.03 | 9.14 | 9.25 |
| Woodie | 7.13 | 7.56 | 8.32 | 8.75 | 9.52 | 9.95 | 10.71 |
| Fibonacci | 7.50 | 7.96 | 8.24 | 8.70 | 9.16 | 9.44 | 9.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.40 | 5.98 | 6.83 | 8.41 | 9.26 | 10.84 | 11.69 |
| Camarilla | 7.01 | 7.23 | 7.46 | 7.68 | 7.90 | 8.13 | 8.35 |
| Woodie | 4.03 | 5.79 | 6.46 | 8.23 | 8.90 | 10.66 | 11.33 |
| Fibonacci | 5.98 | 6.91 | 7.48 | 8.41 | 9.34 | 9.91 | 10.84 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.14 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 7.33 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 8.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.20 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 8.08 | |
| Zig ZAG (10): | 8.58 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 75.35 | |
| TEMA (21): | 8.64 | |
| Williams %R (14): | -35.92 | |
| Chande Momentum Oscillator (20): | 0.92 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 19.80 |
| MA7: | 8.73 | |
| MA20: | 8.16 | |
| MA50: | 8.73 | |
| MA100: | 9.00 | |
| MAexp7: | 8.62 | |
| MAexp20: | 8.41 | |
| MAexp50: | 8.61 | |
| MAexp100: | 8.73 | |
| Price / MA7: | -1.72% | |
| Price / MA20: | +5.15% | |
| Price / MA50: | -1.72% | |
| Price / MA100: | -4.67% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | +2.02% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -1.72% |
News
Don"t forget to follow the news on CENTURY CASINOS INC.. At the time of publication of this analysis, the latest news was as follows:
- Century Casinos, Inc. Announces Second Quarter 2019 Results
- Century Casinos, Inc. Announces Second Quarter 2019 Results
- Century Casinos Announces Dates of Second Quarter 2019 Earnings Release and Conference Call
- Century Casinos Announces Dates of Second Quarter 2019 Earnings Release and Conference Call
- Century Casinos, Inc. Enters into a Definitive Agreement to Acquire the Operations of Three Casinos from Eldorado Resorts
This member declared not having a position on this financial instrument or a related financial instrument.
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