BOYD GAMING CORP (BYD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BYD - US1033041013 - Common Stock
Overall BYD gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BYD is only an average performer.
Besides having an excellent technical rating, BYD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 86.61. Right above this resistance zone may be a good entry point. 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.
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69.52
When analyzing the support we can see 4 important areas.
- A support zone ranging from 85.69 to 85.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.35 to 83.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.81 to 78.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @70.22 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 86.61 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 | 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 | 70.62 | POSITIVE | BYD has a high relative strength, it outperformed 70.62% off all stocks 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) | 63.94 | NEUTRAL | The RSI value for BYD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests BYD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.52 | OVERBOUGHT | The high Stochastics value suggests BYD may be overbought. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for BYD suggests low volalility. |
| Average Directional Index/ADX (14) | 20.01 | NEUTRAL | The ADX value for BYD suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 87.39 | 85.68 | 1.71 (1.96%) | 25.00% |
| An entry @87.39. This is a Buy Stop order right above the resistance zone. | An exit @85.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.71 points, which is 1.96%. | For a 0.49% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BYD. Please evaluate whether better entry and exit points can be found.
- 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.
86.6
+1.19 (+1.39%)
BOYD GAMING CORP / BYD FAQ
What is the technical rating for BYD stock?
ChartMill assigns a technical rating of 8 / 10 to BYD.
What is the trend direction for BYD stock?
The current trend direction for BOYD GAMING CORP (BYD) is Bullish.
What is the RSI signal for BOYD GAMING CORP (BYD) stock?
BOYD GAMING CORP (BYD) has an RSI value of 63.9386. 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 0.250895, indicating a bearish trend.
What is the buy/sell signal for BYD stock?
The buy/sell signal for BOYD GAMING CORP (BYD) is buy as both the short term and long term trends are positive.