SCIENTIFIC GAMES CORP

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Type:	Stocks
Ticker:	SGMS
ISIN:

SCIENTIFIC GAMES CORP - Daily - Technical analysis published on 08/06/2019 (GMT)

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Timeframe : Daily
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SCIENTIFIC GAMES CORP Chart

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bullish

Technical indicators

78%

22%

My opinion

Bullish above 20.25 USD

My targets

23.90 USD (+13.11%)

26.92 USD (+27.40%)

My analysis

SCIENTIFIC GAMES CORP is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 20.25 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 23.90 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 26.92 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 29.79 USD. Beware of a possible return to under the support located at 20.25 USD which would be the sign of a correction of the bullish excesses registered in the short term.

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.

Additional analysis

Quotes

SCIENTIFIC GAMES CORP rating 21.13 USD. The price has increased by +2.82% since the last closing and was between 18.80 USD and 21.45 USD. This implies that the price is at +12.39% from its lowest and at -1.49% from its highest.

18.80

21.45

21.13

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SCIENTIFIC GAMES CORP in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI 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:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.85	19.04	20.25	21.13	23.90	26.92	29.79
Change (%)	-15.52%	-9.89%	-4.16%	-	+13.11%	+27.40%	+40.98%
Change	-3.28	-2.09	-0.88	-	+2.77	+5.79	+8.66
Level	Intermediate	Major	Intermediate	-	Intermediate	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.78	16.84	18.70	19.76	21.61	22.67	24.53
Camarilla	19.75	20.02	20.28	20.55	20.82	21.08	21.35
Woodie	16.18	17.04	19.09	19.96	22.01	22.87	24.92
Fibonacci	16.84	17.96	18.65	19.76	20.87	21.56	22.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.92	16.41	18.48	19.98	22.05	23.54	25.61
Camarilla	19.57	19.90	20.22	20.55	20.88	21.20	21.53
Woodie	15.20	16.55	18.77	20.12	22.33	23.68	25.90
Fibonacci	16.41	17.77	18.61	19.98	21.34	22.18	23.54

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.61	15.99	18.22	19.60	21.83	23.21	25.44
Camarilla	19.46	19.79	20.12	20.45	20.78	21.11	21.44
Woodie	15.04	16.20	18.65	19.81	22.26	23.42	25.87
Fibonacci	15.99	17.37	18.22	19.60	20.98	21.83	23.21

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):	61.26
MACD (12,26,9):	0.2900
Directional Movement:	0.60
AROON (14):	57.14
DEMA (21):	20.12
Parabolic SAR (0,02-0,02-0,2):	21.47
Elder Ray (13):	0.07
Super Trend (3,10):	17.81
Zig ZAG (10):	21.13
VORTEX (21):	0.9700
Stochastique (14,3,5):	84.07
TEMA (21):	20.57
Williams %R (14):	-8.29
Chande Momentum Oscillator (20):	2.66
Repulse (5,40,3):	21.8100
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	9.96

MA7:	20.54
MA20:	19.63
MA50:	19.66
MA100:	20.53
MAexp7:	20.44
MAexp20:	19.87
MAexp50:	19.97
MAexp100:	20.75
Price / MA7:	+2.87%
Price / MA20:	+7.64%
Price / MA50:	+7.48%
Price / MA100:	+2.92%
Price / MAexp7:	+3.38%
Price / MAexp20:	+6.34%
Price / MAexp50:	+5.81%
Price / MAexp100:	+1.83%

News

The latest news and videos published on SCIENTIFIC GAMES CORP at the time of the analysis were as follows:

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

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