BOYD GAMING CORP (BYD) Stock Technical Analysis
USA - NYSE:BYD - US1033041013 - Common Stock
Taking everything into account, BYD scores 1 out of 10 in our technical rating. BYD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, BYD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 77.87, a Stop Loss order could be placed below this zone.
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68.42
When analyzing the support we can see 2 important areas.
- 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 @69.11 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 78.63 to 82.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 85.37 to 87.38. 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 | DOWN | NEGATIVE | The short term trend for BYD is down. |
| ChartMill Relative Strength | 50.4 | NEUTRAL | BYD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BYD is below 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 | POSITIVE | The current price of BYD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.45 | NEUTRAL | The RSI value for BYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests BYD has a negative trend. |
| Stochastics (14,3) | 25.67 | NEUTRAL | The Stochastics value for BYD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for BYD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.01 | NEGATIVE | The low ADX value for BYD suggests a weak or negative trend. |
78
-0.63 (-0.8%)
BOYD GAMING CORP / BYD FAQ
What is the technical rating for BYD stock?
ChartMill assigns a technical rating of 1 / 10 to BYD.
What is the trend direction for BYD stock?
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 40.4539. This indicates that the stock is currently neutral.
What is the MACD signal for BOYD GAMING CORP (BYD) stock?
The MACD indicator for BOYD GAMING CORP (BYD) has a value of -0.0805107, indicating a bearish trend.