RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BALY
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Green day on Wednesday for Bally's Corporation stock after gaining 1.71%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 0.51% PDF

The Bally's Corporation stock price gained 1.71% on the last trading day (Wednesday, 27th Mar 2024), rising from $13.48 to $13.71. During the last trading day the stock fluctuated 2.21% from a day low at $13.57 to a day high of $13.87. The price has been going up and down for this period, and there has been a -0.15% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 331 thousand shares were bought and sold for approximately $4.54 million.

The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $14.05 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.07% during the next 3 months and, with a 90% probability hold a price between $10.70 and $15.04 at the end of this 3-month period.

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BALY Signals & Forecast

The Bally's Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $13.47 and $11.74. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -1.22%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Bally's Corporation stock

Bally's Corporation finds support from accumulated volume at $13.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.300 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 3.28%.

Our recommended stop-loss: $13.20 (-3.74%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (BALY) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Bally's Corporation to open at $13.72, and during the day (based on 14 day Average True Range), to move between $13.04 and $14.38, which gives a possible trading interval of +/-$0.667 (+/-4.87%) up or down from last closing price. If Bally's Corporation takes out the full calculated possible swing range there will be an estimated 9.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.73 (0.15%) than the support at $13.64 (0.51%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Bally's Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bally's Corporation stock to perform well in the short-term.

Current score: 2.239 Buy Candidate Unchanged

Predicted Opening Price for Bally's Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$13.72 ( 0.0486%) $13.71

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BALY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.02 2.24 %
R2 13.90 1.40 %
R1 13.83 0.88 %
Current price: 13.71
Support S1 13.60 -0.787 %
S2 13.53 -1.30 %
S3 13.42 -2.14 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14.33 4.52 %
R2 13.88 1.24 %
R1 13.73 0.146 %
Current price 13.71
Support S1 13.64 -0.511%
S2 13.48 -1.68%
S3 10.51 -23.34%

BALY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 25, 2020 Mar 05, 2020 Mar 20, 2020 $0.100 1.31%
2 Oct 04, 2019 Oct 11, 2019 Oct 25, 2019 $0.100 0.415%
3 Jun 14, 2019 Jul 08, 2019 Jul 23, 2019 $0.100 0.358%

FAQ

What is the symbol for Bally's Corporation Stock and on which exchange is it traded?
The symbol for Bally's Corporation is BALY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Bally's Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bally's Corporation stock to perform well in the short-term.

How to buy Bally's Corporation Stock?
Bally's Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bally's Corporation Stock.

What's the current price of Bally's Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Bally's Corporation (BALY) share was $13.71.

What is the 52-week high and low for Bally's Corporation Stock?
The 52-week high for Bally's Corporation Stock is $19.79 and the 52-week low is $7.28.

What is the market capitalization of Bally's Corporation Stock?
As of the 2024-03-27, the market capitalization of Bally's Corporation is 549.624M.

When is the next earnings date for Bally's Corporation?
The upcoming earnings date for Bally's Corporation is May 14, 2024.
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About Bally's Corporation

Bally's Bally's Corporation, a gaming, hospitality, and entertainment company, engages in casinos and resorts, and online gaming businesses in the United States. The company operates through three segments: Casinos & Resorts, North America Interactive, and International Interactive. It offers physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo games, sportsbook, daily fantasy sports... BALY Profile

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