BOYD GAMING CORP (BYD) Technical Analysis
NYSE:BYD • US1033041013
Current stock price
BYD Technical Rating and Analysis
Taking everything into account, BYD scores 4 out of 10 in our technical rating. Although BYD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that BYD is one of the better performing stocks in the market, outperforming 72% of all stocks.
- BYD is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 76% of 126 stocks in the same industry.
- BYD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BYD is performing more or less in line with the market.
- In the last month BYD has a been trading in the 76.86 - 86.56 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
BYD Weekly and Daily overview Charts
BYD Setup Rating and Analysis
BYD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 85.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 82.36, a Stop Loss order could be placed below this zone.
More info and screens
BYD Support and Resistance Analysis
72.38
We found 3 important support areas.
- A support zone ranging from 79.67 to 82.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.81 to 77.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.11 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @85.37 from a horizontal line in the daily time frame.
- A resistance zone ranging from 87.28 to 89.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
BYD 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 | NEUTRAL | NEUTRAL | The long term trend for BYD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BYD is up. |
| ChartMill Relative Strength | 72.94 | POSITIVE | BYD has a high relative strength, it outperformed 72.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BYD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BYD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BYD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.47 | NEUTRAL | The RSI value for BYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests BYD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.12 | OVERBOUGHT | The high Stochastics value suggests BYD may be overbought. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for BYD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.2 | NEGATIVE | The low ADX value for BYD suggests a weak or negative trend. |
BYD Chart- and CandleStick Pattern Analysis
BYD Technicals: Chart, Performance Metrics, Trend & Indicators
82.94
-1.93 (-2.27%)
BOYD GAMING CORP / BYD TA FAQ
What is the technical rating for BYD stock?
ChartMill assigns a technical rating of 4 / 10 to BYD.
Can you provide the trend direction for BOYD GAMING CORP?
The current trend direction for BOYD GAMING CORP (BYD) is Bearish.
What is the RSI signal for BOYD GAMING CORP (BYD) stock?
BOYD GAMING CORP (BYD) has an RSI value of 50.4652. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BOYD GAMING CORP?
The short term momentum for BOYD GAMING CORP (BYD) is positive.
Can you provide the support and resistance levels for BOYD GAMING CORP?
BOYD GAMING CORP (BYD) has a support level at 82.36 and a resistance level at 85.37. Check the full technical report for our detailed analysis of BYD support and resistance levels.