NEVADA GOLD & CASINOS INC (UWN) Stock Technical Analysis
NYSEARCA:UWN -
2.54
+0.02 (+0.99%)
2.57
+0.03 (+1.18%)
Overall UWN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, UWN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, UWN did better than 83% of all other stocks. On top of that, UWN also shows a nice and consistent pattern of rising prices.
UWN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month UWN has a been trading in a tight range between 2.48 and 2.56.
Volume is considerably higher in the last couple of days.
Although UWN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.45
2.58
When analyzing the support we notice one important area.
- A support zone ranging from 2.47 to 2.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.55 to 2.55. 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 UWN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UWN is up. |
| ChartMill Relative Strength | 83.59 | POSITIVE | UWN has a high relative strength, it outperformed 83.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UWN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UWN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UWN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.03 | OVERBOUGHT | The high RSI value suggests UWN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests UWN has a positive trend. |
| Stochastics (14,3) | 71.85 | NEUTRAL | The Stochastics value for UWN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.61 | LOW VOLATILITY | The low ATR as a percentage value for UWN suggests low volalility. |
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)
2.54
+0.02 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.99%
1 Week1.87%
2 Weeks2.01%
1 Month2.21%
3 Month2.42%
6 Month4.53%
12 Month17.59%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.61%
ATR Inc265.39%
Range Today0.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.59
Mansfield0.24
10 Day High2.56
10 Day Low2.48
20 Day High2.56
20 Day Low2.48
52 Week High2.6
52 Week Low1.8
CS1 End2.51
CR1 Start2.55
Volume & EV
DER(3)-1.4%
DER(5)0.97%
Volume414.70K
Volume Incr489.78%
Vol(5)156.32K
Vol(50)68.34K