Casinos/Gaming: Surge +6.71% - Trading Opportunities Await- $LVS, $MGM, $WYNN, $PENN, $CZR and more!
For those interested in trading within the Casinos/Gaming group, you can leverage AI robots to enhance your strategies. Here are two AI robots that can be beneficial for trading in this group:
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Swing Trader for Beginners: Trading in Markets Trending Up (TA&FA):: This AI robot is designed to identify and capitalize on upward trends in the market. It can be particularly useful for traders seeking opportunities in the Casinos/Gaming group when stocks are on the rise.
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Swing Trader for Beginners: Trading in Markets Trending Down (TA&FA): Conversely, this AI robot specializes in trading during market downtrends. It can assist traders in navigating challenges and making informed decisions when the Casinos/Gaming group faces declining market conditions.
By incorporating these AI robots into your trading approach, you can potentially optimize your strategies and make well-informed decisions within the dynamic Casinos/Gaming Group.
Casinos and Gaming group Hits the Jackpot with a 6.71% Gain in One Week
Casinos and gaming—a group synonymous with high stakes and entertainment. Companies like $LVS, $MGM, and $WYNN are not just household names; they're the power players driving this week's remarkable 6.71% gain. As economic conditions fluctuate, so does the willingness of consumers to indulge in leisure activities such as gaming, making this group a fascinating study of market dynamics.
Tickers in this Group :
$WYNN $LVS $FLL $CNTY $MCRI $BYD $PENN $MGM $LNW $BVH $CHDN $IGT $MTN $CZR $VAC $EVRI $GDEN $RRR $HGV $INSE $PLYA $MLCO $AGS $MSC $BALY $ACEL $DKNG $RSI $NGMS $GAMB $GMBLP $CDRO $SGHC
Group Description: The Casinos/Gaming group comprises companies involved in operating casinos, gaming services, horse racing, and harness racing facilities. Well-known companies in this group include Las Vegas Sands Corp (NYSE:LVS), MGM Resorts International (NYSE:MGM), and Wynn Resorts Limited (NASDAQ:WYNN). During periods of robust economic growth, consumers tend to indulge in discretionary and leisure activities like gambling and games. However, when economic conditions slow down, consumption in this group may decrease.
Market Cap: The average market capitalization for companies in the Casinos/Gaming group is approximately $4.7 billion. Market caps for individual tickers in this group range from $0 to $36.9 billion, with LVS holding the highest valuation at $36.9 billion and GMBLP being the lowest valued company at $0.
High and Low Price Notable News:
- The average weekly price growth for all stocks in this group was 12.19%.
- The average monthly price growth was 3.87%.
- The average quarterly price growth stood at 6.12%.
- Notable price movements include BVH experiencing the highest price growth at 119.95% and VAC suffering the most significant decline at -10.86%.
- Recent top gainers include PENN Entertainment (PENN, $23.19) with a +18.32% jump, Caesars Entertainment (CZR, $44.4) with a +13.44% increase, and Bally's (BALY, $9.32) with a +7.75% surge.
Volume:
- The average weekly volume growth for all stocks in this group was 130.01%.
- The average monthly volume growth was 144.41%.
- The average quarterly volume growth reached 94.86%.
- Notable volume spikes include Caesars Entertainment, Bally's, and Golden Entertainment, which all experienced significant one-day volume increases.
Fundamental Analysis Ratings: Fundamental analysis ratings provide insight into various aspects of a stock's performance:
- Valuation Rating: 61
- P/E Growth Rating: 49
- Price Growth Rating: 53
- SMR Rating: 67
- Profit Risk Rating: 76
- Seasonality Score: 3 (-100 ... +100)
Ticker Performance Insights
- $LVS: Surpassing its 50-day MA, it's on an 83% probable continued uptrend.
- $FLL: Positive MACD histogram suggests a 90% chance of continued growth.
- $CNTY: Recovering from oversold, with a high 90% likelihood of an uptrend.
- $MCRI: Above its 50-day MA, indicating a 77% chance of ongoing gains.
- $PENN: In a solid uptrend with a 79% probability of persistence.
- $MGM: Momentum Indicator turning positive, pointing to an 81% chance of further gains.
- $BVH: Impressive upward trend with an 83% chance of continuation.
- $IGT: Breaking its lower Bollinger Band suggests an 86% upward trend.
- $CZR: RSI climbing from oversold indicates an 82% potential rise.
- $EVRI: Positive MACD histogram aligns with an 83% chance of continued gains.
- $GDEN: Positive MACD signals an 86% chance of ongoing uptrend.
- $RRR: Likely to continue its ascent with an 89% probability.
- $INSE: Positive momentum could mean an 84% chance of further rise.
- $PLYA: Positive MACD suggests a 78% likelihood of ongoing growth.
- $AGS: A bullish MACD hints at an 82% chance of continued uptrend.
- $BALY: Growing for three consecutive days, a 74% chance of ongoing gains.
- $ACEL: Three-day rise points to a 68% probability of continued growth.
- $DKNG: Impressive trend with an 84% chance of further climbs.
- $RSI: With three days of gains, there's an 83% chance of a continued rise.
- $SGHC: The 50-day MA crossing above the 200-day MA could be a long-term bullish sign.
The casinos/gaming Group`s recent performance has been nothing short of a jackpot for investors. With several tickers showing strong signs of sustained upward momentum, this is a space worth watching for those looking to bet on continued growth.
WYNN sees MACD Histogram just turned negative
WYNN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 16, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 53 instances where the indicator turned negative. In of the 53 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 16, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on WYNN as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WYNN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for WYNN entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WYNN advanced for three days, in of 284 cases, the price rose further within the following month. The odds of a continued upward trend are .
WYNN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. WYNN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: WYNN's P/B Ratio (103.093) is very high in comparison to the industry average of (12.602). P/E Ratio (16.859) is within average values for comparable stocks, (65.598). Projected Growth (PEG Ratio) (1.301) is also within normal values, averaging (1.549). Dividend Yield (0.009) settles around the average of (0.043) among similar stocks. P/S Ratio (1.841) is also within normal values, averaging (3.509).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WYNN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a supplier of technology based products and services to the gaming and lottery industries
Industry CasinosGaming