BALLY'S CORP (BALY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BALY - US05875B3042 - Common Stock
Overall BALY gets a technical rating of 9 out of 10. 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.
Besides having an excellent technical rating, BALY also presents a decent setup pattern. 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 16.28, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.18 to 16.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.67 from a trend line in the daily time frame.
- Support @9.14 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @19.46 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 | 92.01 | POSITIVE | BALY has a high relative strength, it outperformed 92.01% off all stocks 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) | UP | POSITIVE | The current price of BALY is above the rising 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) | 51.99 | NEUTRAL | The RSI value for BALY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests BALY has a negative trend. |
| Stochastics (14,3) | 41.76 | NEUTRAL | The Stochastics value for BALY is a neutral value. |
| Average True Range in percent/ATR (20) | 7.9 | HIGH VOLATILITY | The high ATR as a percentage value for BALY suggests high volalility. |
| Average Directional Index/ADX (14) | 24.9 | NEUTRAL | The ADX value for BALY suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.24 | 16.17 | 1.07 (6.18%) | 16.18% |
| An entry @17.24. This is a Buy Stop order right above the 10 day moving average. | An exit @16.17. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.07 points, which is 6.18%. | When investing 16.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BALY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.19
-0.42 (-2.39%)
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 51.985. 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 -0.110708, 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.