GOLDEN ENTERTAINMENT INC (GDEN) Stock Technical Analysis
NASDAQ:GDEN - Nasdaq - US3810131017 - Common Stock - Currency: USD
Overall GDEN gets a technical rating of 7 out of 10. GDEN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
GDEN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, GDEN turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
GDEN is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, GDEN did better than 50% of them.
GDEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GDEN is lagging the market.
Besides having an excellent technical rating, GDEN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 29.52. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
24.99
34.22
We found 3 important support areas.
- A support zone ranging from 27.53 to 27.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.79 to 27.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 29.51 to 29.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.78 from a trend line in the weekly time frame.
- Resistance @32.90 from a trend line in the weekly time frame.
- A resistance zone ranging from 33.84 to 33.88. 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 | UP | POSITIVE | The long term trend for GDEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GDEN is up. |
| ChartMill Relative Strength | 55.91 | NEUTRAL | GDEN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GDEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GDEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.04 | NEUTRAL | The RSI value for GDEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests GDEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.73 | NEUTRAL | The Stochastics value for GDEN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for GDEN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.22 | NEGATIVE | The low ADX value for GDEN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 29.87 | 27.09 | 2.78 (9.31%) | 10.74% |
| An entry @29.87. This is a Buy Stop order right above the resistance zone. | An exit @27.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.78 points, which is 9.31%. | When investing 10.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
29.43
-0.08 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.27%
1 Week-0.71%
2 Weeks9%
1 Month3.15%
3 Month19.63%
6 Month-6.27%
12 Month1.55%
2 Year-29.59%
3 Year-25.59%
5 Year229.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%2.65%
ATR Inc-35.84%
Range Today0.52
ADR(20)0.75
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.91
Mansfield-0.9
10 Day High30.13
10 Day Low27.1
20 Day High30.13
20 Day Low26.64
52 Week High35.49
52 Week Low22.66
CS1 End27.58
CR1 Start29.52
Volume & EV
DER(3)0.1%
DER(5)0.05%
Volume231.20K
Volume Incr-12.52%
Vol(5)181.84K
Vol(50)190.13K