BOYD GAMING CORP (BYD) Stock Technical Analysis
NYSE:BYD • US1033041013
Overall BYD gets a technical rating of 4 out of 10. BYD has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- 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.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, BYD outperforms 56% of them, which is more or less in line with the market.
- BYD is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 68% of 126 stocks in the same industry.
- In the last month BYD has a been trading in the 81.28 - 86.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, BYD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 84.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 84.23, a Stop Loss order could be placed below this zone.
More info and screens
71.28
We found 4 important support areas.
- A support zone ranging from 82.15 to 84.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.38 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 @72.00 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 84.94 to 85.37. 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 87.28 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 | NEUTRAL | NEUTRAL | The long term trend for BYD is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BYD is neutral. |
| ChartMill Relative Strength | 56.84 | NEUTRAL | BYD is not amongst the best or worst performers 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 | MIXED | The current price of BYD is below 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) | 52.26 | NEUTRAL | The RSI value for BYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BYD has a positive trend. |
| Stochastics (14,3) | 37.16 | NEUTRAL | The Stochastics value for BYD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for BYD suggests some volalility. |
| Average Directional Index/ADX (14) | 11.24 | NEGATIVE | The low ADX value for BYD suggests a weak or negative trend. |
84.75
+1.53 (+1.84%)
BOYD GAMING CORP / BYD 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 52.2646. 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 neutral.
Can you provide the support and resistance levels for BOYD GAMING CORP?
BOYD GAMING CORP (BYD) has a support level at 84.23 and a resistance level at 84.94. Check the full technical report for our detailed analysis of BYD support and resistance levels.