WYNN Enters Squeeze Mode at $99.41
Wynn Resorts Ltd (WYNN) closed down 0.87% at $99.41 on August 24.
Key indicators suggest a bearish bias:
Momentum
RSI at 46.2 is neutral but weakening. MACD reads 0.33 against its 0.62 signal line (bearish).
Moving Averages
Price hovers around the 9-day EMA ($100.69), while the 21-day ($100.54) provides a key reference.
Volatility
Volatility has been compressing for 5 sessions (TTM Squeeze active), often a precursor to directional moves.
Technical levels: $97.27 support, $104.51 resistance.
