GOLDEN ENTERTAINMENT INC (GDEN) Stock Technical Analysis
NASDAQ:GDEN - Nasdaq - US3810131017 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to GDEN. GDEN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, GDEN is a bad performer in the overall market: 65% of all stocks are doing better.
GDEN is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 68% of 131 stocks in the same industry do better.
In the last month GDEN has a been trading in the 28.31 - 32.74 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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.
GDEN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 28.44, a Stop Loss order could be placed below this zone.
More info and screens
24.99
34.18
We found 4 important support areas.
- A support zone ranging from 28.40 to 28.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.52 from a horizontal line in the daily time frame.
- Support @27.00 from a horizontal line in the weekly time frame.
- Support @25.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.17 to 32.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.84 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for GDEN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GDEN is down. |
| ChartMill Relative Strength | 35.51 | NEUTRAL | GDEN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GDEN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GDEN is above a declining 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) | 48.83 | NEUTRAL | The RSI value for GDEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests GDEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14 | OVERSOLD | The low Stochastics value suggests GDEN may be oversold. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for GDEN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.67 | POSITIVE | The high ADX value value for GDEN suggests a strong 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)
29.34
+0.94 (+3.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg3.31%
1 Week2.8%
2 Weeks-8.8%
1 Month0.07%
3 Month11.47%
6 Month-11.17%
12 Month-10.44%
2 Year-30.7%
3 Year-33.12%
5 Year243.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.11
ATR(20)%3.52%
ATR Inc-11.9%
Range Today0.81
ADR(20)1
ADR(20)%3.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.51
Mansfield-1.13
10 Day High32.74
10 Day Low28.31
20 Day High32.74
20 Day Low28.31
52 Week High35.49
52 Week Low22.66
CS1 End28.44
CR1 Start32.17
Volume & EV
DER(3)2.68%
DER(5)1.43%
Volume241.10K
Volume Incr17.11%
Vol(5)226.90K
Vol(50)201.88K