Wynn Resorts (NASDAQ: WYNN) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 96 – 98 |
| Target | 104 – 105 |
| StopLoss* | below X5 |
| Duration | 14-15 Trading Days |
| Potential Returns | 6% – 7% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 96 – 98 | 104 – 105 | below X5 | 14-15 Trading Days | 6% – 7% |
* Once the first target hit, reset the StopLoss at your buying price.
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Wynn Resorts (NASDAQ: WYNN) STOCK OVERVIEW
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.
| Stock Data | |
| NASDAQ Symbol | WYNN |
| Sectoral Index | Hotels/Resorts |
| 52 Weeks High | $110.38 |
| 52 Weeks Low | $71.63 |
Wynn Resorts (NASDAQ: WYNN) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Wynn Resorts — NASDAQ —
Wynn Resorts (NASDAQ: WYNN) - DAILY TECHNICAL ANALYSIS
- 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
- Current RSI of this stock is 81.90, which indicates the strength of buyers.
Wynn Resorts (NASDAQ: WYNN) - MACD
- MACD line has crossed the signal line from the below, generates bullish signal.
Wynn Resorts (NASDAQ: WYNN) - ADX & DI
- 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.
CONCLUSION - Wynn Resorts (NASDAQ: WYNN) STOCK PRICE FORECAST
Based on our stock trading advice in USA, Wynn Resorts stock price target will be USD 104 – USD 105 in the next 14-15 trading sessions.
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