WYNN RESORTS LTD (WYNN) Technical Analysis
NASDAQ:WYNN • US9831341071
Current stock price
WYNN Technical Rating and Analysis
Taking everything into account, WYNN scores 1 out of 10 in our technical rating. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 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 1764340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, WYNN turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- 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 trading in the upper part of its 52 week range, so WYNN is lagging the market slightly.
WYNN Weekly and Daily overview Charts
WYNN Setup Rating and Analysis
WYNN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 101.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 101.37, a Stop Loss order could be placed below this zone.
More info and screens
WYNN Support and Resistance Analysis
97.80
When analyzing the support we notice one important area.
- A support zone ranging from 98.79 to 101.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 101.90 to 103.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @107.20 from a trend line in the daily time frame.
- Resistance @111.93 from a horizontal line in the daily time frame.
- 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.
WYNN 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 | DOWN | NEGATIVE | The long term trend for WYNN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WYNN is neutral. |
| ChartMill Relative Strength | 52.04 | 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) | 44.23 | NEUTRAL | The RSI value for WYNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests WYNN has a positive trend. |
| Stochastics (14,3) | 60.18 | NEUTRAL | The Stochastics value for WYNN is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for WYNN suggests some volalility. |
| Average Directional Index/ADX (14) | 31.88 | POSITIVE | The high ADX value value for WYNN suggests a strong trend. |
WYNN Chart- and CandleStick Pattern Analysis
WYNN Technicals: Chart, Performance Metrics, Trend & Indicators
101.89
-0.88 (-0.86%)
WYNN RESORTS LTD / WYNN TA 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 44.2334. This indicates that the stock is currently neutral.
What are the support and resistance levels for WYNN RESORTS LTD (WYNN) stock?
WYNN RESORTS LTD (WYNN) has a support level at 101.37 and a resistance level at 101.9. Check the full technical report for our detailed analysis of WYNN support and resistance levels.