CAESARS ENTERTAINMENT INC (CZR) Stock Technical Analysis
NASDAQ:CZR • US12769G1004
Taking everything into account, CZR scores 0 out of 10 in our technical rating. CZR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CZR is a bad performer in the overall market: 84% of all stocks are doing better.
- CZR is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 65% are performing better than CZR.
- CZR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- CZR has an average volume of 6109270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CZR has a been trading in the 17.86 - 24.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of CZR is bad and it also does not present a quality setup 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.
More info and screens
18.45
When analyzing the support we notice one important area.
- Support @18.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 21.90 to 22.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.27 from a trend line in the daily time frame.
- A resistance zone ranging from 24.79 to 25.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for CZR is neutral. |
| ChartMill Relative Strength | 16.23 | NEGATIVE | CZR has a low relative strength, it was outperformed by 83.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CZR is above 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) | 52.81 | NEUTRAL | The RSI value for CZR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CZR has a positive trend. |
| Stochastics (14,3) | 61.69 | NEUTRAL | The Stochastics value for CZR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.45 | HIGH VOLATILITY | The high ATR as a percentage value for CZR suggests high volalility. |
| Average Directional Index/ADX (14) | 23.88 | NEUTRAL | The ADX value for CZR suggests a possible start of a new trend. |
21.89
+0.47 (+2.19%)
CAESARS ENTERTAINMENT INC / CZR FAQ
What is the technical rating for CZR stock?
ChartMill assigns a technical rating of 0 / 10 to CZR.
What is the trend direction for CZR stock?
The current trend direction for CAESARS ENTERTAINMENT INC (CZR) is Bearish.
Can you provide the RSI signal for CAESARS ENTERTAINMENT INC?
CAESARS ENTERTAINMENT INC (CZR) has an RSI value of 52.8095. This indicates that the stock is currently neutral.
What is the MACD signal for CAESARS ENTERTAINMENT INC (CZR) stock?
The MACD indicator for CAESARS ENTERTAINMENT INC (CZR) has a value of 0.12239, indicating a bearish trend.
What are the support and resistance levels for CAESARS ENTERTAINMENT INC (CZR) stock?
CAESARS ENTERTAINMENT INC (CZR) has a support level at 18.64 and a resistance level at 21.9. Check the full technical report for our detailed analysis of CZR support and resistance levels.