We assign a technical rating of 7 out of 10 to GDEN. 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.
Besides having an excellent technical rating, GDEN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 29.58. Right above this resistance zone may be a good entry point.
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24.04
When analyzing the support we can see 2 important areas.
- Support @28.75 from a horizontal line in the daily time frame.
- A support zone ranging from 24.28 to 24.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 29.58 to 30.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.21 from a trend line in the daily time frame.
- A resistance zone ranging from 31.71 to 32.59. 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 | 60.02 | 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 | MIXED | The current price of GDEN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.05 | NEUTRAL | The RSI value for GDEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests GDEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.44 | OVERBOUGHT | The high Stochastics value suggests GDEN may be overbought. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for GDEN suggests some volalility. |
| Average Directional Index/ADX (14) | 42.34 | POSITIVE | The high ADX value value for GDEN suggests a strong trend. |
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 |
|---|---|---|---|
| 30.44 | 28.74 | 1.70 (5.58%) | 17.91% |
| An entry @30.44. This is a Buy Stop order right above the resistance zone. | An exit @28.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.70 points, which is 5.58%. | For a 1.00% total portfolio risk, you can invest 17.91% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GDEN. 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.
29.53
+0.78 (+2.71%)
GOLDEN ENTERTAINMENT INC / GDEN FAQ
Can you provide the ChartMill technical rating for GOLDEN ENTERTAINMENT INC?
ChartMill assigns a technical rating of 7 / 10 to GDEN.
What is the current trend direction of GOLDEN ENTERTAINMENT INC (GDEN) stock?
The current trend direction for GOLDEN ENTERTAINMENT INC (GDEN) is Bullish.
What is the RSI signal for GDEN stock?
GOLDEN ENTERTAINMENT INC (GDEN) has an RSI value of 69.0461. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GOLDEN ENTERTAINMENT INC?
The short term momentum for GOLDEN ENTERTAINMENT INC (GDEN) is positive.
Can you provide the buy/sell signal for GOLDEN ENTERTAINMENT INC?
The buy/sell signal for GOLDEN ENTERTAINMENT INC (GDEN) is buy as both the short term and long term trends are positive.