BALLY'S CORP (BALY) Technical Analysis
NYSE:BALY • US05875B3042
Current stock price
BALY Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to BALY. BALY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 90% of all other stocks performed better in the past year than BALY.
- BALY is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 82% of 126 stocks in the same industry do better.
- BALY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BALY has a been trading in the 9.08 - 13.50 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.
BALY Weekly and Daily overview Charts
BALY Setup Rating and Analysis
The technical rating of BALY is bad and it also does not present a 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.
More info and screens
BALY Support and Resistance Analysis
9.13
When analyzing the support we notice one important area.
- A support zone ranging from 9.22 to 9.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 11.24 to 11.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.80 to 12.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.51 from a trend line in the weekly time frame.
BALY Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for BALY is down. |
| ChartMill Relative Strength | 10.71 | NEGATIVE | BALY has a low relative strength, it was outperformed by 89.29% 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) | DOWN | NEGATIVE | The current price of BALY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BALY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.77 | NEUTRAL | The RSI value for BALY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BALY has a positive trend. |
| Stochastics (14,3) | 56.59 | NEUTRAL | The Stochastics value for BALY is a neutral value. |
| Average True Range in percent/ATR (20) | 7.26 | HIGH VOLATILITY | The high ATR as a percentage value for BALY suggests high volalility. |
| Average Directional Index/ADX (14) | 26.52 | POSITIVE | The high ADX value value for BALY suggests a strong trend. |
BALY Chart- and CandleStick Pattern Analysis
BALY Technicals: Chart, Performance Metrics, Trend & Indicators
10.8
-0.26 (-2.35%)
BALLY'S CORP / BALY TA FAQ
What is the ChartMill technical rating of BALLY'S CORP (BALY) stock?
ChartMill assigns a technical rating of 0 / 10 to BALY.
Can you provide the trend direction for BALLY'S CORP?
The current trend direction for BALLY'S CORP (BALY) is Bearish.
Can you provide the RSI signal for BALLY'S CORP?
BALLY'S CORP (BALY) has an RSI value of 41.7723. 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 0.127612, indicating a bearish trend.
Can you provide the buy/sell signal for BALLY'S CORP?
The buy/sell signal for BALLY'S CORP (BALY) is sell as both the short term and long term trends are negative.