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Archive
- 3/21/2025 -
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Wynn Resorts Ltd. (WYNN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Wynn Resorts Ltd. (WYNN). During the week, the WYNN dropped -3.55 points, or -4.12%, and closed at 82.63 on Friday, March 21, 2025. Weekly volume was -8% below average.
WYNN is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See WYNN long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 35.84 and reached 143.88 on March 15, 2021. WYNN gained -108.04 points, or -301.45%, in 51 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 67.50 and resistance is at 94.85. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See WYNN medium-term trend chart]
A medium-term downtrend had started on May 1, 2023 at 117.86 and reached 71.63 on August 5, 2024. WYNN lost 46.23 points, or 39.22%, in 66 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 62.99 and resistance is at 102.64. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See WYNN weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See WYNN short-term trend chart]
A short-term uptrend had started on February 12, 2025 at 76.75 and reached 94.28 on February 21, 2025. WYNN gained -17.53 points, or -22.84%, in 9 days. The price is now at the 66.46% retracement level.
 Daily Technical Indicators: [See WYNN daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since March 6, 2025. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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