CZR Technical Analysis - CAESARS ENTERTAINMENT INC

Technical Rating and Analysis

Overall CZR gets a technical rating of 0 out of 10. CZR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

94% of all other stocks performed better in the past year than CZR.

CZR is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 78% of 134 stocks in the same industry do better.

CZR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month CZR has a been trading in the 21.44 - 28.26 range, which is quite wide. It is currently trading near the lows of this range.

CZR has an average volume of 7716830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CAESARS ENTERTAINMENT INC / CZR Weekly stock chart

CAESARS ENTERTAINMENT INC / CZR Daily stock chart

Setup Rating and Analysis

CZR has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.24

42.26

We found 1 important support area.

A support zone ranging from 21.45 to 21.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 23.09 to 23.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 26.13 to 26.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @27.25 from a horizontal line in the daily time frame.
Resistance @41.84 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for CZR is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CZR is down.
ChartMill Relative Strength	6.34	NEGATIVE	CZR has a low relative strength, it was outperformed by 93.66% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CZR is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CZR is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CZR is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.14	NEUTRAL	The RSI value for CZR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests CZR has a negative trend, although the MACD value is rising.
Stochastics (14,3)	22.41	NEUTRAL	The Stochastics value for CZR is a neutral value.
Average True Range in percent/ATR (20)	4.89	MEDIUM VOLATILITY	The ATR as a percentage value for CZR suggests some volalility.
Average Directional Index/ADX (14)	27.11	POSITIVE	The high ADX value value for CZR suggests a strong trend.