BALLY'S CORP (BALY) Stock Technical Analysis
USA - NYSE:BALY - US05875B3042 - Common Stock
Taking everything into account, BALY scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, BALY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although BALY has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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9.05
When analyzing the support we can see 4 important areas.
- A support zone ranging from 18.20 to 18.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.58 from a trend line in the daily time frame.
- Support @9.51 from a trend line in the daily time frame.
- Support @9.14 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 | UP | POSITIVE | The long term trend for BALY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BALY is up. |
| ChartMill Relative Strength | 91.18 | POSITIVE | BALY has a high relative strength, it outperformed 91.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BALY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BALY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BALY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.09 | NEUTRAL | The RSI value for BALY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests BALY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.85 | NEUTRAL | The Stochastics value for BALY is a neutral value. |
| Average True Range in percent/ATR (20) | 8.15 | HIGH VOLATILITY | The high ATR as a percentage value for BALY suggests high volalility. |
| Average Directional Index/ADX (14) | 48.68 | POSITIVE | The high ADX value value for BALY suggests a strong trend. |
18.21
-0.42 (-2.25%)
BALLY'S CORP / BALY FAQ
What is the ChartMill technical rating of BALLY'S CORP (BALY) stock?
ChartMill assigns a technical rating of 9 / 10 to BALY.
What is the current trend direction of BALLY'S CORP (BALY) stock?
The current trend direction for BALLY'S CORP (BALY) is Bullish.
What is the RSI signal for BALLY'S CORP (BALY) stock?
BALLY'S CORP (BALY) has an RSI value of 67.0928. This indicates that the stock is currently neutral.
What is the MACD signal for BALY stock?
The MACD indicator for BALLY'S CORP (BALY) has a value of 0.281366, indicating a bearish trend.
What is the buy/sell signal for BALY stock?
The buy/sell signal for BALLY'S CORP (BALY) is buy as both the short term and long term trends are positive.