Wynn Resorts Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Wynn Resorts Ltd stock price after Friday trading.
(Updated on Jun 28, 2024)
The Wynn Resorts Ltd stock price gained 0.348% on the last trading day (Friday, 28th Jun 2024), rising from 83.33€ to 83.62€. During the last trading day the stock fluctuated 0.756% from a day low at 83.33€ to a day high of 83.96€. The price has risen in 5 of the last 10 days and is up by 1.23% over the past 2 weeks.
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 -8.65% during the next 3 months and, with a 90% probability hold a price between 73.67€ and 77.09€ 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
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.23%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wynn Resorts Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 85.88€. On a fall, the stock will find some support from the short-term average at 83.37€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wynn Resorts Ltd stock
Wynn Resorts Ltd finds support from accumulated volume at 83.33€ 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 0.630€ between high and low, or 0.756%. For the last week the stock has had daily average volatility of 1.01%
Our recommended stop-loss: 79.08€ (-5.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (WYR.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wynn Resorts Ltd to open at 83.64€, and during the day (based on 14 day Average True Range), to move between 82.34€ and 84.90€, which gives a possible trading interval of +/-1.28€ (+/-1.53%) up or down from last closing price. If Wynn Resorts Ltd takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 83.33€ (0.35%) than the resistance at 85.96€ (2.80%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.329 Hold/Accumulate Upgraded
Predicted Opening Price for Wynn Resorts Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 83.64€ ( 0.0199%) | 83.62€ |
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 | 84.27 | 0.773% |
| R2 | 84.03 | 0.486% |
| R1 | 83.88 | 0.308% |
| Price | 83.62 | |
| S1 | 83.40 | -0.268% |
| S2 | 83.25 | -0.446% |
| S3 | 83.01 | -0.733% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 90.08 | 7.73% |
| R2 | 89.40 | 6.91% |
| R1 | 85.96 | 2.80% |
| Price | 83.62 | |
| S1 | 83.33 | -0.347% |
| S2 | 82.67 | -1.14% |
| S3 | 82.60 | -1.22% |
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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