We assign a technical rating of 6 out of 10 to WYNN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 123.10, a Stop Loss order could be placed below this zone.
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111.39
When analyzing the support we can see 3 important areas.
- A support zone ranging from 121.90 to 123.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 117.81 to 118.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @112.52 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @129.52 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 133.34 to 133.35. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for WYNN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WYNN is neutral. |
| ChartMill Relative Strength | 81.91 | POSITIVE | WYNN has a high relative strength, it outperformed 81.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WYNN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WYNN is above a declining 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) | 47.7 | NEUTRAL | The RSI value for WYNN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests WYNN has a negative trend. |
| Stochastics (14,3) | 39.11 | NEUTRAL | The Stochastics value for WYNN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for WYNN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.82 | NEGATIVE | The low ADX value for WYNN suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 129.53 | 122.53 | 7.00 (5.40%) | 18.50% |
| An entry @129.53. This is a Buy Stop order right above the resistance zone. | An exit @122.53. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.00 points, which is 5.40%. | For a 1.00% total portfolio risk, you can invest 18.50% 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.
123.66
-1.19 (-0.95%)
WYNN RESORTS LTD / WYNN FAQ
What is the technical rating for WYNN stock?
ChartMill assigns a technical rating of 6 / 10 to WYNN.
Can you provide the trend direction for WYNN RESORTS LTD?
The current trend direction for WYNN RESORTS LTD (WYNN) is Bullish.
What is the RSI signal for WYNN stock?
WYNN RESORTS LTD (WYNN) has an RSI value of 47.6981. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WYNN RESORTS LTD?
The MACD indicator for WYNN RESORTS LTD (WYNN) has a value of -0.503644, indicating a bearish trend.
What is the short term momentum for WYNN RESORTS LTD (WYNN) stock?
The short term momentum for WYNN RESORTS LTD (WYNN) is neutral.