Wynn Resorts Limited (WYNN) is a renowned casino and resort company that has experienced significant growth over the years. As a finance analytics, I have analyzed the current market trends and I predict that WYNN is set to grow by 4% to $113.62 or more within the next month. And AI trading bot generating 8.56% for WYNN
My analysis is based on similar previously-analyzed scenarios where the stock trended up during the month. This gives me confidence that the odds of an uptrend continuation are 79%. This means that there is a high probability that WYNN will continue to increase in value over the next few weeks.
Investors who are considering buying WYNN shares should keep in mind that there are always risks associated with investing in the stock market. However, with the current market conditions, WYNN seems like a solid investment option for those looking to make a profit.
It's important to note that investors should always do their due diligence before making any investment decisions. This includes analyzing the company's financials, management team, and overall market trends. By doing so, investors can make informed decisions that will help them achieve their investment goals.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where WYNN declined for three days, in of 316 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on WYNN as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for WYNN turned negative on May 03, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
WYNN moved below its 50-day moving average on May 22, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for WYNN crossed bearishly below the 50-day moving average on May 15, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Aroon Indicator for WYNN entered a downward trend on June 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where WYNN's RSI Indicator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WYNN advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .
WYNN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. WYNN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: WYNN's P/B Ratio (103.093) is very high in comparison to the industry average of (10.903). P/E Ratio (0.000) is within average values for comparable stocks, (53.505). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.210). Dividend Yield (0.002) settles around the average of (0.046) among similar stocks. P/S Ratio (2.686) is also within normal values, averaging (5.301).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WYNN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a high-end casinos & resorts company
A.I.dvisor indicates that over the last year, WYNN has been closely correlated with LVS. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if WYNN jumps, then LVS could also see price increases.
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