Wynn Resorts Limited (WYNN)
Wynn Resorts, Limited is an American publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 60.89% per annum.
- WYNN price at the close of November 20, 2024 was $91.22 and was lower than the bottom border of the primary price channel by $63.41 (41.01%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 13.57% per annum.
- WYNN price at the close of November 20, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of WYNN price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 7, 2022
End date: August 14, 2023
a = 2.9537
b = 0.0013
s = 0.1458
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 60.89%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1458) – 1
= 79.20%
March 7, 2022 calculations
Top border of price channel:
Exp(Y575)
= Exp(a + b × X575 + 2 × s)
= Exp(a + b × 837 + 2 × s)
= Exp(2.9537 + 0.0013 × 837 + 2 × 0.1458)
= Exp(4.3358)
= $76.39
Bottom border of price channel:
Exp(Y575)
= Exp(a + b × X575 – 2 × s)
= Exp(a + b × 837 – 2 × s)
= Exp(2.9537 + 0.0013 × 837 – 2 × 0.1458)
= Exp(3.7525)
= $42.63
August 14, 2023 calculations
Top border of price channel:
Exp(Y936)
= Exp(a + b × X936 + 2 × s)
= Exp(a + b × 1,362 + 2 × s)
= Exp(2.9537 + 0.0013 × 1,362 + 2 × 0.1458)
= Exp(5.0198)
= $151.39
Bottom border of price channel:
Exp(Y936)
= Exp(a + b × X936 – 2 × s)
= Exp(a + b × 1,362 – 2 × s)
= Exp(2.9537 + 0.0013 × 1,362 – 2 × 0.1458)
= Exp(4.4365)
= $84.48
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 60.89% per annum.
- WYNN price at the close of November 20, 2024 was $91.22 and was lower than the bottom border of the primary price channel by $63.41 (41.01%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 9, 2023
End date: September 26, 2024
a = 5.1349
b = -0.0004
s = 0.0740
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.57%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0740) – 1
= 34.42%
January 9, 2023 calculations
Top border of price channel:
Exp(Y787)
= Exp(a + b × X787 + 2 × s)
= Exp(a + b × 1,145 + 2 × s)
= Exp(5.1349 + -0.0004 × 1,145 + 2 × 0.0740)
= Exp(4.8255)
= $124.65
Bottom border of price channel:
Exp(Y787)
= Exp(a + b × X787 – 2 × s)
= Exp(a + b × 1,145 – 2 × s)
= Exp(5.1349 + -0.0004 × 1,145 – 2 × 0.0740)
= Exp(4.5297)
= $92.73
September 26, 2024 calculations
Top border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 + 2 × s)
= Exp(a + b × 1,771 + 2 × s)
= Exp(5.1349 + -0.0004 × 1,771 + 2 × 0.0740)
= Exp(4.5754)
= $97.07
Bottom border of price channel:
Exp(Y1,218)
= Exp(a + b × X1,218 – 2 × s)
= Exp(a + b × 1,771 – 2 × s)
= Exp(5.1349 + -0.0004 × 1,771 – 2 × 0.0740)
= Exp(4.2796)
= $72.21
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 13.57% per annum.
- WYNN price at the close of November 20, 2024 was inside the secondary price channel.