WYNN RESORTS LTD (WYNN) Stock Technical Analysis
USA - NASDAQ:WYNN - US9831341071 - Common Stock
128.97 USD
+3.13 (+2.49%)
128.81 USD
-0.16 (-0.12%)
We assign a technical rating of 9 out of 10 to WYNN. Both in the recent history as in the last year, WYNN has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
WYNN is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 86% of 135 stocks in the same industry.
WYNN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
WYNN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
WYNN has an average volume of 1902320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, WYNN did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, WYNN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
105.30
130.83
2 important support areas can be observed.
- A support zone ranging from 120.68 to 122.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @106.36 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 129.53 to 129.53. 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 WYNN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WYNN is up. |
| ChartMill Relative Strength | 87.8 | POSITIVE | WYNN has a high relative strength, it outperformed 87.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WYNN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WYNN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WYNN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.28 | NEUTRAL | The RSI value for WYNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests WYNN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.66 | NEUTRAL | The Stochastics value for WYNN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for WYNN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.53 | POSITIVE | The high ADX value value for WYNN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 129.54 | 119.71 | 9.83 (7.59%) | 13.18% |
| An entry @129.54. This is a Buy Stop order right above the resistance zone. | An exit @119.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 9.83 points, which is 7.59%. | For a 1.00% total portfolio risk, you can invest 13.18% 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.
128.97
+3.13 (+2.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg2.49%
1 Week-0.42%
2 Weeks6.19%
1 Month1.76%
3 Month36.22%
6 Month56.65%
12 Month32.11%
2 Year39.56%
3 Year104.62%
5 Year79.6%
10 Year142.79%
15 Year48.63%
Volatility
ATR(14)3.14
ATR(20)%2.55%
ATR Inc-18.43%
Range Today3.68
ADR(20)3.19
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.8
Mansfield2.3
10 Day High130.84
10 Day Low119.72
20 Day High130.84
20 Day Low119.72
52 Week High130.84
52 Week Low65.25
CS1 End122.1
CR1 Start129.53
Volume & EV
DER(3)0.17%
DER(5)-0.78%
Volume1.33M
Volume Incr-43.31%
Vol(5)1.17M
Vol(50)1.90M