BOYD GAMING CORP (BYD) Stock Technical Analysis
NYSE:BYD - New York Stock Exchange, Inc. - US1033041013 - Common Stock - Currency: USD
Overall BYD gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BYD is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BYD did better than 87% of all other stocks. We also observe that the gains produced by BYD over the past year are nicely spread over this period.
BYD is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 74% of 133 stocks in the same industry.
BYD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BYD is lagging the market slightly.
BYD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
In the last month BYD has a been trading in a tight range between 72.01 and 76.06.
Besides having an excellent technical rating, BYD also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 74.91, a Stop Loss order could be placed below this zone.
More info and screens
61.88
80.32
When analyzing the support we can see 3 important areas.
- A support zone ranging from 72.24 to 74.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @63.99 from a trend line in the weekly time frame.
- Support @62.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @76.08 from a horizontal line in the daily time frame.
- A resistance zone ranging from 78.53 to 79.52. 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 | 87.55 | POSITIVE | BYD has a high relative strength, it outperformed 87.55% 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) | 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) | 60.49 | NEUTRAL | The RSI value for BYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests BYD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.18 | OVERBOUGHT | The high Stochastics value suggests BYD may be overbought. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for BYD suggests low volalility. |
| Average Directional Index/ADX (14) | 25.04 | POSITIVE | The high ADX value value for BYD suggests a strong 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)
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 |
|---|---|---|---|
| 76.09 | 72.70 | 3.39 (4.46%) | 22.45% |
| An entry @76.09. This is a Buy Stop order right above the resistance zone. | An exit @72.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.39 points, which is 4.46%. | When investing 22.45% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
75.3
+0.08 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.11%
1 Week2.77%
2 Weeks0.24%
1 Month-1.03%
3 Month9.94%
6 Month0.47%
12 Month40.3%
2 Year8.55%
3 Year51.36%
5 Year260.29%
10 Year403.68%
15 Year786.93%
Volatility
ATR(14)1.3
ATR(20)%1.67%
ATR Inc-0.82%
Range Today1.57
ADR(20)1.2
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.55
Mansfield0.57
10 Day High75.94
10 Day Low72.71
20 Day High76.06
20 Day Low72.01
52 Week High80.5
52 Week Low51.62
CS1 End74.91
CR1 Start76.08
Volume & EV
DER(3)0.51%
DER(5)-0.61%
Volume679.00K
Volume Incr-18.17%
Vol(5)690.72K
Vol(50)957.70K