BOYD GAMING CORP (BYD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BYD - US1033041013 - Common Stock
We assign a technical rating of 8 out of 10 to BYD. Although BYD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- BYD is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 75% of 133 stocks in the same industry.
- BYD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BYD has a been trading in the 84.27 - 89.96 range, which is quite wide. It is currently trading near the high of this range.
- 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. However, this overall performance is mostly based on the strong move around 7 months ago.
BYD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 88.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 88.00, a Stop Loss order could be placed below this zone.
More info and screens
70.18
5 important support areas can be observed.
- A support zone ranging from 86.73 to 88.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 82.94 to 84.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @80.23 from a trend line in the daily time frame.
- 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 @70.89 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 88.66 to 89.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BYD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BYD is up. |
| ChartMill Relative Strength | 72.68 | POSITIVE | BYD has a high relative strength, it outperformed 72.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BYD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BYD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BYD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.04 | NEUTRAL | The RSI value for BYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BYD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.04 | NEUTRAL | The Stochastics value for BYD is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for BYD suggests low volalility. |
| Average Directional Index/ADX (14) | 20.72 | NEUTRAL | The ADX value for BYD 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 |
|---|---|---|---|
| 89.57 | 86.72 | 2.85 (3.18%) | 25.00% |
| An entry @89.57. This is a Buy Stop order right above the resistance zone. | An exit @86.72. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.85 points, which is 3.18%. | For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BYD. 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.
88.65
-0.91 (-1.02%)
BOYD GAMING CORP / BYD FAQ
What is the technical rating for BYD stock?
ChartMill assigns a technical rating of 8 / 10 to BYD.
Can you provide the trend direction for BOYD GAMING CORP?
The current trend direction for BOYD GAMING CORP (BYD) is Bullish.
What is the RSI signal for BOYD GAMING CORP (BYD) stock?
BOYD GAMING CORP (BYD) has an RSI value of 60.0448. 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 88 and a resistance level at 88.66. Check the full technical report for our detailed analysis of BYD support and resistance levels.