Accel Entertainment Inc

ACEL remains in a Stage 4 decline after a terminal Support Failure broke key horizontal support. The medium-term bias is firmly bearish, with lower highs/lows and downward-sloping EMAs confirming ongoing downside. Short-term price is extended below the 9/21 EMAs and the 50 DMA, suggesting current conditions are unfavorable for initiating new shorts. Execution will be deferred, selling into rallies toward the 9/21 EMA resistance zone.

• ↑Q1 2026 revenue rose 9% YoY to $352M; adjusted EBITDA up 9% to $54M
• ↑Nebraska segment revenue jumped 57% YoY, underscoring emerging-market traction
• ↓Chicago market entry remains uncertain after legal challenges to regulations