GOLDEN ENTERTAINMENT INC (GDEN) Stock Technical Analysis
USA - NASDAQ:GDEN - US3810131017 - Common Stock
23.45 USD
+0.26 (+1.12%)
23.45 USD
0 (0%)
Taking everything into account, GDEN scores 0 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, GDEN is a bad performer in the overall market: 91% of all stocks are doing better.
GDEN is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, of which 68% are performing better than GDEN.
GDEN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month GDEN has a been trading in the 22.66 - 25.17 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
GDEN has a poor technical rating and the quality of the setup is also only medium 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
23.22
33.60
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 23.91 to 24.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 24.60 to 24.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 25.30 to 25.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.86 from a trend line in the weekly time frame.
- A resistance zone ranging from 31.79 to 32.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.27 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 | DOWN | NEGATIVE | The long term trend for GDEN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GDEN is down. |
| ChartMill Relative Strength | 9.39 | NEGATIVE | GDEN has a low relative strength, it was outperformed by 90.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GDEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GDEN is below 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) | 37.76 | NEUTRAL | The RSI value for GDEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GDEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.47 | NEUTRAL | The Stochastics value for GDEN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for GDEN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.3 | NEUTRAL | The ADX value for GDEN suggests a possible start of a new 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)
23.45
+0.26 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.12%
1 Week-3.46%
2 Weeks-4.09%
1 Month-5.71%
3 Month-23.54%
6 Month-4.67%
12 Month-24.82%
2 Year-31.39%
3 Year-32.79%
5 Year69.56%
10 Year159.4%
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%2.64%
ATR Inc4.98%
Range Today0.48
ADR(20)0.59
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.39
Mansfield-2.71
10 Day High25.1
10 Day Low22.67
20 Day High25.17
20 Day Low22.67
52 Week High35.49
52 Week Low22.66
CS1 EndN/A
CR1 Start23.91
Volume & EV
DER(3)3.35%
DER(5)0.05%
Volume343.10K
Volume Incr74.26%
Vol(5)284.66K
Vol(50)207.08K