The Star Entertainment (SGR)

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The Star Entertainment (SGR): Signals

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TECHNICAL ANALYSIS SUMMARY

The Star Entertainment (SGR.AX)


Indicator:

BOLLINGER BANDS


Last Signal:

BEARISH CROSSOVER


Trading: SELL @ $4.58
Signal Strength: STRONG
Recommendation:

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.


The Star Entertainment (ASX:SGR) has initiated a Overbought signal, highlighting the potential for a short term trend reversal in the downward direction. The current level is 104.23% with a current width of 6.98.



The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);


PROFILE: The Star Entertainment (SGR.AX)


Stock Exchange: ASX
Company: The Star Entertainment
Ticker Codes: | SGR.AX | ASX:SGR |

About The Star Entertainment (ASX:SGR):

The Star Entertainment Group Limited, an integrated resort company, provides gaming, entertainment, and hospitality services in Australia. The company operates through three segments: Sydney, Gold Coast, and Brisbane. It owns and operates The Star Sydney casino, which includes hotels, apartment complex, restaurants, and bars; The Star Gold Coast casino, which consists of hotel, theatre, restaurants, and bars; and Treasury casino in Brisbane that comprises hotel, restaurants, and bars. The company also manages the Gold Coast Convention and Exhibition Centre. The Star Entertainment Group Limited has a strategic partnership with Chow Tai Fook Enterprises Limited and Far East Consortium International Limited. The company was formerly known as Echo Entertainment Group Limited and changed its name to The Star Entertainment Group Limited in November 2015. The Star Entertainment Group Limited was incorporated in 2011 and is based in Brisbane, Australia.

Top 10:

Bollinger Bands

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SDA Speedcast International 3.59 4.1 887,019 21.65 BULLISH CROSSOVER
JIN Jin 7.95 3.7 344,194 17.28 BULLISH CROSSOVER
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ORG Origin Energy 6.94 3.1 8,200,140 21.46 BULLISH CROSSOVER
CSL CSL 183.9 2.6 693,121 11.89 BULLISH CROSSOVER
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