WYNN RESORTS LTD (WYNN) Stock Technical Analysis
NASDAQ:WYNN • US9831341071
We assign a technical rating of 1 out of 10 to WYNN. WYNN 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- WYNN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- WYNN has an average volume of 1442780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, WYNN outperforms 47% of them, which is more or less in line with the market.
- WYNN is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, WYNN did better than 64% of them.
- WYNN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WYNN is lagging the market.
WYNN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 107.79, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WYNN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
105.30
We found 1 important support area.
- A support zone ranging from 106.36 to 107.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 111.68 to 113.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 115.84 to 117.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 129.52 to 129.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @133.34 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for WYNN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WYNN is down. |
| ChartMill Relative Strength | 47.84 | NEUTRAL | WYNN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WYNN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WYNN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WYNN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.21 | NEUTRAL | The RSI value for WYNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests WYNN has a negative trend. |
| Stochastics (14,3) | 29.9 | NEUTRAL | The Stochastics value for WYNN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for WYNN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.91 | POSITIVE | The high ADX value value for WYNN suggests a strong trend. |
108.19
-1.92 (-1.74%)
WYNN RESORTS LTD / WYNN FAQ
Can you provide the ChartMill technical rating for WYNN RESORTS LTD?
ChartMill assigns a technical rating of 1 / 10 to WYNN.
What is the trend direction for WYNN stock?
The current trend direction for WYNN RESORTS LTD (WYNN) is Bearish.
What is the RSI signal for WYNN stock?
WYNN RESORTS LTD (WYNN) has an RSI value of 42.2137. This indicates that the stock is currently neutral.
What is the buy/sell signal for WYNN RESORTS LTD (WYNN) stock?
The buy/sell signal for WYNN RESORTS LTD (WYNN) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for WYNN RESORTS LTD?
WYNN RESORTS LTD (WYNN) has a support level at 107.79 and a resistance level at 111.68. Check the full technical report for our detailed analysis of WYNN support and resistance levels.