NASDAQ trade advice (B): US hotels stock | 6-7% gain | USA stock trading picks on 2 Oct 2024

Date
October 2, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Short Term Stock Trading Advice in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Wynn Resorts
  • 96 – 98
  • 104 – 105
  • Below 95
  • 6% – 7%
  • 14 - 15 Days
  • Buy
    Wynn Resorts
  • Buy
    Range
    96 – 98
  • Target
    104 – 105
  • Stoploss
    Below 95
  • Upside
    Potential
    6% – 7%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Wynn Resorts (NASDAQ: WYNN) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • WYNN
  • Wynn Resorts
  • Hotels/Resorts
  • 110.38
  • 71.63
  • NASDAQ code WYNN
  • Stock Name Wynn Resorts
  • Sector Hotels/Resorts
  • 52 Weeks High 110.38
  • 52 Weeks Low 71.63
  • Wynn Resorts (NASDAQ: WYNN) vs NASDAQ - Relative Strength Comparison

    The image highlights Wynn Resorts's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    WYNN —   NASDAQ —

  • Wynn Resorts (NASDAQ: WYNN) - Technical Analysis (Daily)

    Wynn Resorts - Technical Analysis chart on Daily Price and Volume
    Wynn Resorts - Technical Analysis chart on Daily Price and Volume

    • The stock price encountered significant resistance near the 118 level, which caused a substantial decline.
    • It later found support around the 72 mark, leading to a strong recovery.
    • Currently, there is considerable momentum driving the price toward its next immediate resistance at approximately 108.
    • Consequently, the stock is poised for a short-term rise.
  • Wynn Resorts (NASDAQ: WYNN) - RSI Indicator

    Wynn Resorts stock analysis based on RSI indicator
    Wynn Resorts - RSI indicator

    • Current RSI of this stock is 81.90, which indicates the strength of buyers.

  • Wynn Resorts (NASDAQ: WYNN) - ADX & DI Indicator

    Wynn Resorts stock analysis based on ADX & DI indicator
    Wynn Resorts - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Wynn Resorts (NASDAQ: WYNN) - MACD Indicator

    Wynn Resorts stock analysis based on MACD indicator
    Wynn Resorts - MACD indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Wynn Resorts (NASDAQ: WYNN) Stock Price Forecast

    Based on our swing stock trading tips in USA stocks, Wynn Resorts stock price target will be USD 104 - USD 105 in the next 14-15 trading sessions.

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    Target hit. Trade closed.

    2 Oct 2024
    4 Oct 2024
    4 Oct 2024
    2 days
    Loss per
    100,000 SAR
    Stop-loss
    95
    Buy Advice
    2 Oct 2024
    96 – 98
    Target 1
    4 Oct 2024
    104
    Target 2
    4 Oct 2024
    105
    Profit per
    100,000 SAR
    2 days
    6,168
    95
    96 – 98
    104
    105
    6,168
    2 Oct 2024
    4 Oct 2024
    4 Oct 2024
    2 days
    Loss per
    100,000 SAR
    Stop-loss
    95
    Buy Advice
    2 Oct 2024
    96 – 98
    Target 1
    4 Oct 2024
    104
    Target 2
    4 Oct 2024
    105
    Profit per
    100,000 SAR
    2 days
    6,168
    95
    96 – 98
    104
    105
    6,168
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Wynn Resorts
  • 96 – 98
  • 104 – 105
  • Below 95
  • 6% – 7%
  • 14 - 15 Days
  • Buy Wynn Resorts
  • Buy
    Range
    96 – 98
  • Target 104 – 105
  • Stoploss Below 95
  • Upside
    Potential
    6% – 7%
  • Trade
    Duration
    14 - 15 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Wynn Resorts
  • 96 – 98
  • 104 – 105
  • Below 95
  • 6% – 7%
  • 14 - 15 Days
  • Buy
    Wynn Resorts
  • Buy
    Range
    96 – 98
  • Target
    104 – 105
  • Stoploss
    Below 95
  • Upside
    Potential
    6% – 7%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Wynn Resorts (NASDAQ: WYNN) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • WYNN
  • Wynn Resorts
  • Hotels/Resorts
  • 110.38
  • 71.63
  • NASDAQ code WYNN
  • Stock Name Wynn Resorts
  • Sector Hotels/Resorts
  • 52 Weeks High 110.38
  • 52 Weeks Low 71.63
  • Company profile

    Wynn Resorts, Limited specializes in creating and managing integrated resorts. It operates through four main segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. Wynn Palace features exclusive gaming salons, sky casinos, a luxury hotel with suites and villas, a health club, spa, salon, pool, dining options, retail space, and event facilities, along with stunning lake and floral displays. Wynn Macau offers similar amenities, including private gaming areas, a luxury hotel, health and wellness facilities, dining, retail, and unique zodiac-themed attractions. The Las Vegas Operations segment includes casino spaces, a sky casino, a poker room, and a race and sports book, alongside a luxury hotel with pools, cabanas, spas, and a wedding chapel, plus various entertainment venues. Encore Boston Harbor features gaming areas, a poker room, a luxury hotel with spa services, dining, retail, event spaces, and a scenic waterfront park with floral displays and water shuttle service. Founded in 2002, Wynn Resorts is headquartered in Las Vegas, Nevada.

  • Wynn Resorts (NASDAQ: WYNN) vs NASDAQ - Relative Strength Comparison

    The image highlights Wynn Resorts's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    WYNN —   NASDAQ —

  • Wynn Resorts (NASDAQ: WYNN) - Technical Analysis (Daily)

    Wynn Resorts - Technical Analysis chart on Daily Price and Volume
    Wynn Resorts - Technical Analysis chart on Daily Price and Volume

    • The stock price encountered significant resistance near the 118 level, which caused a substantial decline.
    • It later found support around the 72 mark, leading to a strong recovery.
    • Currently, there is considerable momentum driving the price toward its next immediate resistance at approximately 108.
    • Consequently, the stock is poised for a short-term rise.
  • Wynn Resorts (NASDAQ: WYNN) - RSI Indicator

    Wynn Resorts stock analysis based on RSI indicator
    Wynn Resorts - RSI indicator

    • Current RSI of this stock is 81.90, which indicates the strength of buyers.

  • Wynn Resorts (NASDAQ: WYNN) - ADX & DI Indicator

    Wynn Resorts stock analysis based on ADX & DI indicator
    Wynn Resorts - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Wynn Resorts (NASDAQ: WYNN) - MACD Indicator

    Wynn Resorts stock analysis based on MACD indicator
    Wynn Resorts - MACD indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Wynn Resorts (NASDAQ: WYNN) Stock Price Forecast

    Based on our swing stock trading tips in USA stocks, Wynn Resorts stock price target will be USD 104 - USD 105 in the next 14-15 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

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