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 decreasing.
- The decline rate of the primary trend is 24.36% per annum.
- WYNN price at the close of April 28, 2025 was $82.20 and was higher than the top border of the primary price channel by $16.83 (25.74%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.73% per annum.
- WYNN price at the close of April 28, 2025 was inside the secondary price channel.
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: January 26, 2023
End date: December 29, 2023
a = 5.4820
b = -0.0008
s = 0.0469
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0008) – 1
= -24.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0469) – 1
= 20.66%
January 26, 2023 calculations
Top border of price channel:
Exp(Y691)
= Exp(a + b × X691 + 2 × s)
= Exp(a + b × 1,002 + 2 × s)
= Exp(5.4820 + -0.0008 × 1,002 + 2 × 0.0469)
= Exp(4.8096)
= $122.68
Bottom border of price channel:
Exp(Y691)
= Exp(a + b × X691 – 2 × s)
= Exp(a + b × 1,002 – 2 × s)
= Exp(5.4820 + -0.0008 × 1,002 – 2 × 0.0469)
= Exp(4.6218)
= $101.68
December 29, 2023 calculations
Top border of price channel:
Exp(Y924)
= Exp(a + b × X924 + 2 × s)
= Exp(a + b × 1,339 + 2 × s)
= Exp(5.4820 + -0.0008 × 1,339 + 2 × 0.0469)
= Exp(4.5518)
= $94.81
Bottom border of price channel:
Exp(Y924)
= Exp(a + b × X924 – 2 × s)
= Exp(a + b × 1,339 – 2 × s)
= Exp(5.4820 + -0.0008 × 1,339 – 2 × 0.0469)
= Exp(4.3641)
= $78.57
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 24.36% per annum.
- WYNN price at the close of April 28, 2025 was $82.20 and was higher than the top border of the primary price channel by $16.83 (25.74%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 26, 2023
End date: April 2, 2025
a = 4.9289
b = -0.0003
s = 0.0777
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -9.73%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0777) – 1
= 36.44%
January 26, 2023 calculations
Top border of price channel:
Exp(Y691)
= Exp(a + b × X691 + 2 × s)
= Exp(a + b × 1,002 + 2 × s)
= Exp(4.9289 + -0.0003 × 1,002 + 2 × 0.0777)
= Exp(4.8033)
= $121.91
Bottom border of price channel:
Exp(Y691)
= Exp(a + b × X691 – 2 × s)
= Exp(a + b × 1,002 – 2 × s)
= Exp(4.9289 + -0.0003 × 1,002 – 2 × 0.0777)
= Exp(4.4926)
= $89.35
April 2, 2025 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(4.9289 + -0.0003 × 1,799 + 2 × 0.0777)
= Exp(4.5798)
= $97.50
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(4.9289 + -0.0003 × 1,799 – 2 × 0.0777)
= Exp(4.2691)
= $71.46
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 9.73% per annum.
- WYNN price at the close of April 28, 2025 was inside the secondary price channel.