BALLY'S CORP (BALY) Stock Technical Analysis
NYSE:BALY - New York Stock Exchange, Inc. - US05875B3042 - Common Stock - Currency: USD
Overall BALY gets a technical rating of 1 out of 10. BALY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
94% of all other stocks performed better in the past year than BALY.
BALY is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry, of which 82% are performing better than BALY.
BALY 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 BALY has a been trading in the 9.00 - 10.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BALY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 9.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BALY in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.05
18.42
When analyzing the support we notice one important area.
- A support zone ranging from 9.14 to 9.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- Resistance @9.33 from a trend line in the daily time frame.
- A resistance zone ranging from 9.58 to 9.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.81 to 9.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @10.12 from a horizontal line in the daily time frame.
- Resistance @17.84 from a horizontal line in the weekly time frame.
- Resistance @18.24 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 BALY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BALY is neutral. |
| ChartMill Relative Strength | 6.98 | NEGATIVE | BALY has a low relative strength, it was outperformed by 93.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BALY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BALY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BALY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.99 | NEUTRAL | The RSI value for BALY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BALY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.06 | NEUTRAL | The Stochastics value for BALY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for BALY suggests high volalility. |
| Average Directional Index/ADX (14) | 13.53 | NEGATIVE | The low ADX value for BALY suggests a weak or negative 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)
9.33
-0.08 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.85%
1 Week-2.81%
2 Weeks1.08%
1 Month-4.8%
3 Month-15.72%
6 Month-40.57%
12 Month-45.41%
2 Year-43.8%
3 Year-60.62%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%5.14%
ATR Inc-11.89%
Range Today0.32
ADR(20)0.47
ADR(20)%5.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.98
Mansfield-4.33
10 Day High10.3
10 Day Low9.06
20 Day High10.3
20 Day Low9
52 Week High18.98
52 Week Low8.46
CS1 End9.3
CR1 Start9.33
Volume & EV
DER(3)1.91%
DER(5)4.31%
Volume25.20K
Volume Incr18.96%
Vol(5)64.40K
Vol(50)104.54K