GOLDEN ENTERTAINMENT INC. - Daily - Technical analysis published on 09/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
50%
11%
39%
My opinion
Bullish above 13.84 USD
My targets
17.02 USD (+21.83%)
19.03 USD (+36.22%)
My analysis
The strong short-term increase in GOLDEN ENTERTAINMENT INC. calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 13.84 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 17.02 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 19.03 USD as an objective. Crossing it would then enable buyers to target 20.05 USD. Caution, a return under 13.84 USD could jeopardize the reversal.
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
0
10
1.6
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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
The GOLDEN ENTERTAINMENT INC. price is 13.97 USD. On the day, this instrument lost -0.21% and was between 13.60 USD and 14.38 USD. This implies that the price is at +2.72% from its lowest and at -2.85% from its highest.13.60
14.38
13.97
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GOLDEN ENTERTAINMENT INC. chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.23 | 12.55 | 13.84 | 13.97 | 17.02 | 19.03 | 20.05 |
| Change (%) | -26.77% | -10.16% | -0.93% | - | +21.83% | +36.22% | +43.52% |
| Change | -3.74 | -1.42 | -0.13 | - | +3.05 | +5.06 | +6.08 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 12.62 | 12.91 | 13.45 | 13.74 | 14.29 | 14.58 | 15.12 |
| Camarilla | 13.77 | 13.85 | 13.92 | 14.00 | 14.08 | 14.15 | 14.23 |
| Woodie | 12.75 | 12.97 | 13.58 | 13.81 | 14.42 | 14.64 | 15.25 |
| Fibonacci | 12.91 | 13.23 | 13.42 | 13.74 | 14.06 | 14.26 | 14.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.66 | 12.28 | 12.89 | 13.51 | 14.12 | 14.74 | 15.35 |
| Camarilla | 13.15 | 13.27 | 13.38 | 13.49 | 13.60 | 13.72 | 13.83 |
| Woodie | 11.65 | 12.28 | 12.88 | 13.51 | 14.11 | 14.74 | 15.34 |
| Fibonacci | 12.28 | 12.75 | 13.04 | 13.51 | 13.98 | 14.27 | 14.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.52 | 11.42 | 12.80 | 13.70 | 15.08 | 15.98 | 17.36 |
| Camarilla | 13.55 | 13.76 | 13.97 | 14.18 | 14.39 | 14.60 | 14.81 |
| Woodie | 10.76 | 11.54 | 13.04 | 13.82 | 15.32 | 16.10 | 17.60 |
| Fibonacci | 11.42 | 12.29 | 12.83 | 13.70 | 14.57 | 15.11 | 15.98 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.59 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -4.86 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 13.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.47 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 12.52 | |
| Zig ZAG (10): | 13.97 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 53.85 | |
| TEMA (21): | 13.82 | |
| Williams %R (14): | -37.28 | |
| Chande Momentum Oscillator (20): | -0.31 | |
| Repulse (5,40,3): | 2.4400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 5.44 |
| MA7: | 13.77 | |
| MA20: | 13.61 | |
| MA50: | 13.94 | |
| MA100: | 14.06 | |
| MAexp7: | 13.80 | |
| MAexp20: | 13.74 | |
| MAexp50: | 13.86 | |
| MAexp100: | 14.38 | |
| Price / MA7: | +1.45% | |
| Price / MA20: | +2.65% | |
| Price / MA50: | +0.22% | |
| Price / MA100: | -0.64% | |
| Price / MAexp7: | +1.23% | |
| Price / MAexp20: | +1.67% | |
| Price / MAexp50: | +0.79% | |
| Price / MAexp100: | -2.85% |
News
The last news published on GOLDEN ENTERTAINMENT INC. at the time of the generation of this analysis was as follows:
- Golden Entertainment Expands Konami's SYNKROS Casino Management System Across its Casino Portfolio
- Golden Entertainment, Inc. to Host Earnings Call
- Investor Network: Golden Entertainment, Inc. to Host Earnings Call
- Investor Network: Golden Entertainment, Inc. to Host Earnings Call
-
Golden Entertainment
This member declared not having a position on this financial instrument or a related financial instrument.
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