BOYD GAMING CORP (BYD) Technical Analysis
NYSE:BYD • US1033041013
Current stock price
BYD Technical Rating and Analysis
Overall BYD gets a technical rating of 7 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
- In the last month BYD has a been trading in the 79.47 - 88.20 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, BYD turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
- BYD is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 69% of 126 stocks in the same industry.
BYD Weekly and Daily overview Charts
BYD Setup Rating and Analysis
Besides having an excellent technical rating, BYD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 87.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 85.52, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
BYD Support and Resistance Analysis
73.04
When analyzing the support we can see 5 important areas.
- A support zone ranging from 85.37 to 85.52. 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 81.16 to 83.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.67 from a horizontal 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 @73.78 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | 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 | 64.48 | NEUTRAL | BYD is not amongst the best or worst performers 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) | 55.62 | NEUTRAL | The RSI value for BYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests BYD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.42 | OVERBOUGHT | The high Stochastics value suggests BYD may be overbought. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for BYD suggests some volalility. |
| Average Directional Index/ADX (14) | 12.41 | NEGATIVE | The low ADX value for BYD suggests a weak or negative trend. |
BYD Chart- and CandleStick Pattern Analysis
BYD Example Setup
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 | 85.36 | 4.21 (4.70%) | 21.28% |
| An entry @89.57. This is a Buy Stop order right above the resistance zone. | An exit @85.36. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.21 points, which is 4.70%. | For a 1.00% total portfolio risk, you can invest 21.28% of your capital in this trade. |
- 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.
BYD Technicals: Chart, Performance Metrics, Trend & Indicators
85.98
-1.77 (-2.02%)
BOYD GAMING CORP / BYD TA FAQ
What is the technical rating for BYD stock?
ChartMill assigns a technical rating of 7 / 10 to BYD.
Can you provide the trend direction for BOYD GAMING CORP?
The current trend direction for BOYD GAMING CORP (BYD) is Bullish.
Can you provide the RSI signal for BOYD GAMING CORP?
BOYD GAMING CORP (BYD) has an RSI value of 55.6157. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BOYD GAMING CORP?
The MACD indicator for BOYD GAMING CORP (BYD) has a value of 0.439321, indicating a bearish trend.
What are the support and resistance levels for BOYD GAMING CORP (BYD) stock?
BOYD GAMING CORP (BYD) has a support level at 85.52 and a resistance level at 87.28. Check the full technical report for our detailed analysis of BYD support and resistance levels.