CAESARS ENTERTAINMENT INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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Type:	Stocks
Ticker:	CZR
ISIN:

CAESARS ENTERTAINMENT INC. - Daily - Technical analysis published on 11/21/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 53.27 USD

My targets

55.00 USD (+2.95%)

My analysis

The bullish trend is currently very strong on ELDORADO RESORTS INC.. As long as the price remains above the support at 53.27 USD, you could try to benefit from the boom. The first bullish objective is located at 55.00 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ELDORADO RESORTS INC. rating 53.42 USD. The price registered a decrease of -0.43% on the session and was between 52.55 USD and 54.32 USD. This implies that the price is at +1.66% from its lowest and at -1.66% from its highest.

52.55

54.32

53.42

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ELDORADO RESORTS INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	44.41	49.78	53.27	53.42
Change (%)	-16.87%	-6.81%	-0.28%	-
Change	-9.01	-3.64	-0.15	-
Level	Intermediate	Major	Major	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.87	52.55	53.10	53.78	54.33	55.01	55.57
Camarilla	53.31	53.42	53.54	53.65	53.76	53.88	53.99
Woodie	51.80	52.52	53.03	53.75	54.27	54.98	55.50
Fibonacci	52.55	53.02	53.31	53.78	54.25	54.54	55.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.75	48.63	50.35	51.23	52.94	53.82	55.54
Camarilla	51.35	51.58	51.82	52.06	52.30	52.54	52.77
Woodie	48.17	48.84	50.76	51.44	53.36	54.03	55.95
Fibonacci	48.63	49.62	50.24	51.23	52.22	52.83	53.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.50	35.22	40.00	42.72	47.50	50.22	55.00
Camarilla	42.71	43.40	44.08	44.77	45.46	46.15	46.83
Woodie	33.52	35.74	41.02	43.24	48.52	50.74	56.02
Fibonacci	35.22	38.09	39.86	42.72	45.59	47.36	50.22

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):	79.40
MACD (12,26,9):	2.7500
Directional Movement:	27.40
AROON (14):	92.86
DEMA (21):	52.65
Parabolic SAR (0,02-0,02-0,2):	50.99
Elder Ray (13):	2.73
Super Trend (3,10):	49.75
Zig ZAG (10):	53.42
VORTEX (21):	1.3100
Stochastique (14,3,5):	93.76
TEMA (21):	54.02
Williams %R (14):	-10.29
Chande Momentum Oscillator (20):	6.58
Repulse (5,40,3):	1.3100
ROCnROLL:	1
TRIX (15,9):	0.7800
Courbe Coppock:	32.51

MA7:	52.21
MA20:	48.59
MA50:	44.39
MA100:	43.44
MAexp7:	52.25
MAexp20:	49.21
MAexp50:	45.93
MAexp100:	44.84
Price / MA7:	+2.32%
Price / MA20:	+9.94%
Price / MA50:	+20.34%
Price / MA100:	+22.97%
Price / MAexp7:	+2.24%
Price / MAexp20:	+8.56%
Price / MAexp50:	+16.31%
Price / MAexp100:	+19.13%

News

The last news published on ELDORADO RESORTS INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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