BALLY'S CORP (BALY) Technical Analysis
NYSE:BALY • US05875B3042
Overall BALY gets a technical rating of 0 out of 10. 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: 75% of all stocks are doing better.
- In the last month BALY has a been trading in the 12.88 - 15.95 range, which is quite wide. It is currently trading near the lows of this range.
- BALY is part of the Hotels, Restaurants & Leisure industry. There are 125 other stocks in this industry, BALY did better than 49% of them.
- BALY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BALY is lagging the market slightly.
Although the technical rating is bad, BALY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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
13.11
We found 1 important support area.
- A support zone ranging from 13.24 to 13.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @13.42 from a trend line in the daily time frame.
- A resistance zone ranging from 14.42 to 14.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.14 to 16.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.70 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 | 25.06 | NEGATIVE | BALY has a low relative strength, it was outperformed by 74.94% 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 | POSITIVE | The current price of BALY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.51 | NEUTRAL | The RSI value for BALY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BALY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.55 | NEUTRAL | The Stochastics value for BALY is a neutral value. |
| Average True Range in percent/ATR (20) | 7.58 | HIGH VOLATILITY | The high ATR as a percentage value for BALY suggests high volalility. |
| Average Directional Index/ADX (14) | 10.29 | NEGATIVE | The low ADX value for BALY suggests a weak or negative trend. |
BALY Technicals: Chart, Performance Metrics, Trend & Indicators
13.42
-0.16 (-1.18%)
BALLY'S CORP / BALY FAQ
What is the ChartMill technical rating of BALLY'S CORP (BALY) stock?
ChartMill assigns a technical rating of 0 / 10 to BALY.
What is the trend direction for BALY stock?
The current trend direction for BALLY'S CORP (BALY) is Bearish.
What is the RSI signal for BALLY'S CORP (BALY) stock?
BALLY'S CORP (BALY) has an RSI value of 39.5094. 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 negative.
What is the buy/sell signal for BALLY'S CORP (BALY) stock?
The buy/sell signal for BALLY'S CORP (BALY) is sell as both the short term and long term trends are negative.