FLL Technical Analysis - FULL HOUSE RESORTS INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to FLL. FLL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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

When comparing the yearly performance of all stocks, FLL is a bad performer in the overall market: 97% of all stocks are doing better.

FLL is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 85% of 135 stocks in the same industry do better.

FLL is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month FLL has a been trading in the 2.51 - 3.60 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FULL HOUSE RESORTS INC / FLL Weekly stock chart

FULL HOUSE RESORTS INC / FLL Daily stock chart

Setup Rating and Analysis

The technical rating of FLL 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.50

5.09

When analyzing the support we notice one important area.

A support zone ranging from 2.53 to 2.55. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

Resistance @4.49 from a trend line in the weekly time frame.
Resistance @4.69 from a trend line in the daily time frame.
Resistance @5.04 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 FLL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FLL is down.
ChartMill Relative Strength	3.25	NEGATIVE	FLL has a low relative strength, it was outperformed by 96.75% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FLL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FLL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FLL is below a declining SMA(200).
Relative Strength Index/RSI (14)	18.72	OVERSOLD	The low RSI value suggests FLL may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests FLL has a negative trend.
Stochastics (14,3)	2.9	OVERSOLD	The low Stochastics value suggests FLL may be oversold.
Average True Range in percent/ATR (20)	6.12	HIGH VOLATILITY	The high ATR as a percentage value for FLL suggests high volalility.
Average Directional Index/ADX (14)	30.92	POSITIVE	The high ADX value value for FLL suggests a strong trend.