RSI Touches 62.23 For Wynn Resorts, Limited (NASDAQ:WYNN)

Traders watching the charts on Wynn Resorts, Limited (NASDAQ:WYNN) may be interested in viewing the RSI. In terms of Relative Strength Index, the 14-day RSI is currently sitting at 61.08, the 7-day is 62.13, and the 3-day is spotted at 52.27. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to help identify stock price reversals.

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Traders may be focusing on other technical indicators for stock assessment. Presently, Wynn Resorts, Limited (NASDAQ:WYNN) has a 14-day Commodity Channel Index (CCI) of 93.68. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. CCI may also be used to help discover divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period.

A common look back period is 14 days. Wynn Resorts, Limited (NASDAQ:WYNN)’s Williams %R presently stands at -22.65. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.

Currently, the 14-day ADX for Wynn Resorts, Limited (NASDAQ:WYNN) is sitting at 25.93. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

A widely used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for spotting peaks and troughs. They may also be used to help the trader figure out reliable support and resistance levels for the stock. Currently, the 200-day MA is sitting at 122.09.

Performance & Analysis

Wynn Resorts, Limited (NASDAQ:WYNN)’s market cap, the total dollar value of all of their outstanding shares, is 13058.61m.  Including the recent session’s trading volume, Wynn Resorts, Limited’s stock is performing at 22.68% on the year.  The stock is performing 3.61% for the week.  Over the past month the firm’s stock is 9.13%, 1.37% for the last quarter, -17.66% for the past six-months and 24.32% for the last 52 weeks.

The simple moving average is the most common method used to calculate the moving average of prices.  It takes the sum of all of the past closing prices over a specific time period and divides the result by the number of prices used in the calculation.  Increasing the number of time periods in the calculation is an effective way to ascertain the strength of the long-term trend and/or the likelihood that it might reverse.  Some argue that this type of average is not necessarily useful because each data point in the series has the exact same impact on the result no matter where it occurs in the sequence. Wynn Resorts, Limited’s stock is   6.74% away from its 20-Day Simple Moving Average.  Extending back, their stock is trading 8.50% from the 50-Day Simple Moving Average, looking even further back, they are trading -0.58% off of the 200-Day Simple Moving Average.  In comparing the current level to recent highs and lows, the stock is -2.46% from the 50-Day High and 18.45% off the 50-day low.  We should also note their 52-Week High and Low:  the shares currently trade -19.91% away from their high and 34.73% from the low.

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