WYNN Technical Analysis - WYNN RESORTS LTD

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to WYNN. WYNN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

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 is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 84% of 134 stocks in the same industry.

WYNN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WYNN is lagging the market slightly.

WYNN has an average volume of 1925660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

Looking at the yearly performance, WYNN did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WYNN RESORTS LTD / WYNN Weekly stock chart

WYNN RESORTS LTD / WYNN Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, WYNN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

111.39

118.99

We found 2 important support areas.

A support zone ranging from 117.10 to 117.80. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
A support zone ranging from 112.52 to 113.96. This zone is formed by a combination of multiple trend lines in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for WYNN is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WYNN is down.
ChartMill Relative Strength	77.94	POSITIVE	WYNN has a high relative strength, it outperformed 77.94% off all stocks 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)	UP	MIXED	The current price of WYNN is below 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)	44.78	NEUTRAL	The RSI value for WYNN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.4	NEGATIVE	The MACD value suggests WYNN has a negative trend, although the MACD value is rising.
Stochastics (14,3)	23.79	NEUTRAL	The Stochastics value for WYNN is a neutral value.
Average True Range in percent/ATR (20)	3.82	MEDIUM VOLATILITY	The ATR as a percentage value for WYNN suggests some volalility.
Average Directional Index/ADX (14)	24.56	NEUTRAL	The ADX value for WYNN suggests a possible start of a new trend.