BOYD GAMING CORP (BYD) Technical Analysis
NYSE:BYD • US1033041013
Current stock price
BYD Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to BYD. Although BYD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, BYD did better than 70% 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 81% of 126 stocks in the same industry.
- BYD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BYD is performing more or less in line with the market.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month BYD has a been trading in the 76.86 - 88.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BYD Weekly and Daily overview Charts
BYD Setup Rating and Analysis
Although the technical rating is only medium, BYD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 85.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 82.61, a Stop Loss order could be placed below this zone.
More info and screens
BYD Support and Resistance Analysis
72.16
3 important support areas can be observed.
- A support zone ranging from 79.67 to 82.61. 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 76.81 to 77.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @72.89 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @85.37 from a horizontal line 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.
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 | 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 | 70.56 | POSITIVE | BYD has a high relative strength, it outperformed 70.56% 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) | 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) | 51.43 | NEUTRAL | The RSI value for BYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests BYD has a positive trend. |
| Stochastics (14,3) | 63.19 | NEUTRAL | The Stochastics value for BYD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for BYD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.76 | NEGATIVE | The low ADX value for BYD suggests a weak or negative trend. |
BYD Chart- and CandleStick Pattern Analysis
BYD Technicals: Chart, Performance Metrics, Trend & Indicators
83.06
+1.33 (+1.63%)
BOYD GAMING CORP / BYD TA 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 51.4345. 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 82.61 and a resistance level at 85.37. Check the full technical report for our detailed analysis of BYD support and resistance levels.