WYNN RESORTS LTD (WYNN) Stock Technical Analysis
NASDAQ:WYNN - Nasdaq - US9831341071 - Common Stock - Currency: USD
Taking everything into account, WYNN scores 10 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that WYNN is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, WYNN also shows a nice and consistent pattern of rising prices.
WYNN is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry. WYNN outperforms 77% of them.
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.
In the last month WYNN has a been trading in the 102.24 - 112.57 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
WYNN has an average volume of 1978260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, WYNN 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 111.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 109.04, a Stop Loss order could be placed below this zone.
More info and screens
103.20
113.61
We found 3 important support areas.
- A support zone ranging from 108.81 to 109.04. 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 106.36 to 106.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @104.24 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 111.17 to 112.49. 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 | 86.35 | POSITIVE | WYNN has a high relative strength, it outperformed 86.35% 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) | 56.42 | NEUTRAL | The RSI value for WYNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests WYNN has a negative trend. |
| Stochastics (14,3) | 83.67 | OVERBOUGHT | The high Stochastics value suggests WYNN may be overbought. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for WYNN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.2 | NEUTRAL | The ADX value for WYNN suggests a possible start of a new 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 |
|---|---|---|---|
| 112.50 | 108.80 | 3.70 (3.29%) | 25.00% |
| An entry @112.50. This is a Buy Stop order right above the resistance zone. | An exit @108.80. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.70 points, which is 3.29%. | For a 0.82% 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 WYNN. 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.
109.45
-1.93 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.73%
1 Week2.86%
2 Weeks1.41%
1 Month2.51%
3 Month13.11%
6 Month23.23%
12 Month43.47%
2 Year7.96%
3 Year80.64%
5 Year25.16%
10 Year45.84%
15 Year35.78%
Volatility
ATR(14)2.87
ATR(20)%2.5%
ATR Inc-32.65%
Range Today2.16
ADR(20)2.68
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.35
Mansfield1.1
10 Day High112.57
10 Day Low102.24
20 Day High112.57
20 Day Low102.24
52 Week High112.57
52 Week Low65.25
CS1 End109.04
CR1 Start111.17
Volume & EV
DER(3)0.04%
DER(5)1.98%
Volume1.50M
Volume Incr-11.74%
Vol(5)1.62M
Vol(50)1.98M