BALLY'S CORP (BALY) Stock Technical Analysis
NYSE:BALY - New York Stock Exchange, Inc. - US05875B3042 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BALY. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BALY is a bad performer in the overall market: 91% of all stocks are doing better.
BALY is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 85% of 133 stocks in the same industry do better.
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 8.70 - 11.86 range, which is quite wide. It is currently trading near the lows of this range.
BALY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for BALY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.40
18.42
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.99 to 10.09. 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 17.05 to 17.20. This zone is formed by a combination of multiple trend lines in the daily 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 | DOWN | NEGATIVE | The short term trend for BALY is down. |
| ChartMill Relative Strength | 9.03 | NEGATIVE | BALY has a low relative strength, it was outperformed by 90.97% 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) | DOWN | NEGATIVE | The current price of BALY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.05 | NEUTRAL | The RSI value for BALY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BALY has a positive trend. |
| Stochastics (14,3) | 27.72 | NEUTRAL | The Stochastics value for BALY is a neutral value. |
| Average True Range in percent/ATR (20) | 9.2 | HIGH VOLATILITY | The high ATR as a percentage value for BALY suggests high volalility. |
| Average Directional Index/ADX (14) | 13.84 | 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)
9.49
+0.23 (+2.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg2.48%
1 Week-2.47%
2 Weeks-4.72%
1 Month-13.57%
3 Month-43.75%
6 Month-46.66%
12 Month-15.42%
2 Year-39.01%
3 Year-52.02%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%9.2%
ATR Inc-18.48%
Range Today0.6
ADR(20)0.84
ADR(20)%8.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.03
Mansfield-4.27
10 Day High10.3
10 Day Low8.7
20 Day High11.86
20 Day Low8.7
52 Week High18.98
52 Week Low8.7
CS1 EndN/A
CR1 Start9.99
Volume & EV
DER(3)-1.05%
DER(5)3.04%
Volume24.90K
Volume Incr-49.28%
Vol(5)43.44K
Vol(50)63.87K