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

Stock Market
NASDAQ, United States of America

Target hit. Trade closed.

2 Oct 2024
4 Oct 2024
4 Oct 2024
2 days
Loss per
100,000 USD
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 USD
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
  • * 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 Forcast

    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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