WYNN RESORTS LTD (WYNN) Stock Technical Analysis
NASDAQ:WYNN - Nasdaq - US9831341071 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to WYNN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WYNN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
WYNN is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 71% of 133 stocks in the same industry.
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 82.63 - 106.73 range, which is quite wide. It is currently trading near the high of this range.
WYNN has an average volume of 2377700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, WYNN did better than 85% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WYNN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
84.91
106.70
3 important support areas can be observed.
- A support zone ranging from 105.60 to 105.62. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 89.24 to 90.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @85.77 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 105.64 to 105.64. 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 | 85.92 | POSITIVE | WYNN has a high relative strength, it outperformed 85.92% 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) | 77.3 | OVERBOUGHT | The high RSI value suggests WYNN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.84 | POSITIVE | The MACD value suggests WYNN has a positive trend. |
| Stochastics (14,3) | 97.09 | OVERBOUGHT | The high Stochastics value suggests WYNN may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for WYNN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.51 | POSITIVE | The high ADX value value for WYNN suggests a strong 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)
105.63
+0.95 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.91%
1 Week14.02%
2 Weeks21.54%
1 Month22.63%
3 Month50.71%
6 Month26.78%
12 Month21.65%
2 Year-3.07%
3 Year66.4%
5 Year45.84%
10 Year2.32%
15 Year20.47%
Volatility
ATR(14)2.99
ATR(20)%2.63%
ATR Inc14.78%
Range Today2.66
ADR(20)2.36
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.92
Mansfield1.24
10 Day High106.74
10 Day Low87.11
20 Day High106.74
20 Day Low82.63
52 Week High107.81
52 Week Low65.25
CS1 End105.62
CR1 Start105.64
Volume & EV
DER(3)5.12%
DER(5)3.45%
Volume1.41M
Volume Incr12.29%
Vol(5)2.69M
Vol(50)2.38M