CAESARS ENTERTAINMENT INC (CZR) Technical Analysis
NASDAQ:CZR • US12769G1004
Current stock price
CZR Technical Rating and Analysis
Overall CZR gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CZR is only an average performer.
- The long and short term trends are both positive. This is looking good!
- CZR is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. CZR outperforms 79% of them.
- CZR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CZR is lagging the market slightly.
- In the last month CZR has a been trading in the 26.12 - 28.80 range, which is quite wide. It is currently trading near the high of this range.
- CZR has an average volume of 5164330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CZR did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CZR Weekly and Daily overview Charts
CZR Setup Rating and Analysis
Besides having an excellent technical rating, CZR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CZR Support and Resistance Analysis
18.45
We found 4 important support areas.
- A support zone ranging from 27.77 to 27.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 25.50 to 26.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.00 from a horizontal line in the daily time frame.
- Support @18.64 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @28.39 from a horizontal line in the weekly time frame.
CZR Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CZR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CZR is up. |
| ChartMill Relative Strength | 75.81 | POSITIVE | CZR has a high relative strength, it outperformed 75.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CZR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CZR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CZR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.61 | NEUTRAL | The RSI value for CZR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CZR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.53 | NEUTRAL | The Stochastics value for CZR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for CZR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.48 | NEGATIVE | The low ADX value for CZR suggests a weak or negative trend. |
CZR Chart- and CandleStick Pattern Analysis
CZR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.40 | 27.76 | 0.64 (2.25%) | 25.00% |
| An entry @28.40. This is a Buy Stop order right above the resistance zone. | An exit @27.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.64 points, which is 2.25%. | For a 0.56% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CZR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CZR Technicals: Chart, Performance Metrics, Trend & Indicators
28.38
+0.58 (+2.09%)
CAESARS ENTERTAINMENT INC / CZR TA FAQ
What is the technical rating for CZR stock?
ChartMill assigns a technical rating of 8 / 10 to CZR.
Can you provide the trend direction for CAESARS ENTERTAINMENT INC?
The current trend direction for CAESARS ENTERTAINMENT INC (CZR) is Bullish.
What is the RSI signal for CAESARS ENTERTAINMENT INC (CZR) stock?
CAESARS ENTERTAINMENT INC (CZR) has an RSI value of 62.6097. This indicates that the stock is currently neutral.
What is the buy/sell signal for CZR stock?
The buy/sell signal for CAESARS ENTERTAINMENT INC (CZR) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CAESARS ENTERTAINMENT INC (CZR) stock?
CAESARS ENTERTAINMENT INC (CZR) has a support level at 27.86 and a resistance level at 28.39. Check the full technical report for our detailed analysis of CZR support and resistance levels.