BALLY'S CORP (BALY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BALY - US05875B3042 - Common Stock
Taking everything into account, BALY scores 5 out of 10 in our technical rating. In the last year, BALY was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
BALY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.66. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
We found 4 important support areas.
- Support @16.03 from a horizontal line in the weekly time frame.
- Support @15.17 from a horizontal line in the daily time frame.
- Support @9.82 from a trend line in the daily time frame.
- Support @9.14 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 17.66 to 17.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.13 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 | NEUTRAL | NEUTRAL | The short term trend for BALY is neutral. |
| ChartMill Relative Strength | 54.72 | NEUTRAL | BALY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BALY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BALY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BALY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.22 | NEUTRAL | The RSI value for BALY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests BALY has a negative trend. |
| Stochastics (14,3) | 43.02 | NEUTRAL | The Stochastics value for BALY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.79 | HIGH VOLATILITY | The high ATR as a percentage value for BALY suggests high volalility. |
| Average Directional Index/ADX (14) | 13.22 | NEGATIVE | The low ADX value for BALY suggests a weak or negative trend. |
16.16
-0.34 (-2.06%)
BALLY'S CORP / BALY FAQ
What is the ChartMill technical rating of BALLY'S CORP (BALY) stock?
ChartMill assigns a technical rating of 5 / 10 to BALY.
What is the trend direction for 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 45.2185. This indicates that the stock is currently neutral.
What is the short term momentum for BALLY'S CORP (BALY) stock?
The short term momentum for BALLY'S CORP (BALY) is neutral.