Wynn Resorts Ltd Stock Forecast
Red day on Monday for Wynn Resorts Ltd
(Updated on Jun 24, 2024)
The Wynn Resorts Ltd stock price fell by -0.788% on the last day (Monday, 24th Jun 2024) from 83.79€ to 83.13€. During the last trading day the stock fluctuated 1.24% from a day low at 82.84€ to a day high of 83.87€. The price has fallen in 5 of the last 10 days and is down by -3.58% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 shares and in total, 10 shares were bought and sold for approximately 831.30€ .
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.09% during the next 3 months and, with a 90% probability hold a price between 74.80€ and 78.08€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WYR.F Signals & Forecast
There are mixed signals in the stock today. The Wynn Resorts Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 83.26€ and 86.61€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.642%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wynn Resorts Ltd stock
Wynn Resorts Ltd finds support from accumulated volume at 83.12€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 1.03€ between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.06%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WYR.F) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Wynn Resorts Ltd to open at 83.28€, and during the day (based on 14 day Average True Range), to move between 81.68€ and 84.58€, which gives a possible trading interval of +/-1.45€ (+/-1.75%) up or down from last closing price. If Wynn Resorts Ltd takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 83.12€ (0.01%) than the resistance at 85.96€ (3.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wynn Resorts Ltd stock A Buy?
Wynn Resorts Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.013 Sell Candidate Unchanged
Predicted Opening Price for Wynn Resorts Ltd of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| 83.28€ ( 0.180%) | 83.13€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WYR.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 84.31 | 1.42% |
| R2 | 83.92 | 0.95% |
| R1 | 83.67 | 0.654% |
| Price | 83.13 | |
| S1 | 82.89 | -0.293% |
| S2 | 82.64 | -0.585% |
| S3 | 82.25 | -1.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 90.08 | 8.36% |
| R2 | 89.40 | 7.54% |
| R1 | 85.96 | 3.40% |
| Price | 83.13 | |
| S1 | 83.12 | -0.0120% |
| S2 | 82.66 | -0.565% |
| S3 | 82.60 | -0.638% |
WYR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 31, 2024 | 0.232€ | 0% |
| 2 | Feb 16, 2024 | Feb 16, 2024 | Feb 29, 2024 | 0.232€ | 0% |
| 3 | Nov 17, 2023 | Nov 17, 2023 | Nov 17, 2023 | 0.230€ | 0% |
| 4 | Feb 06, 2020 | Feb 25, 2020 | Mar 06, 2020 | 1.00€ | 0% |
| 5 | Nov 06, 2019 | Nov 13, 2019 | Nov 22, 2019 | 1.00€ | 0% |
FAQ
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