Q2 Earnings Double-Beat Lifted $WYNN 0.74% Higher to $92.22
$Wynn(WYNN)$
$WYNN +0.74%: Macau Recovery Holds Support, $102 Breakout Still in Play
Latest Close: $92.22 (+0.74%), just 2.4% above the 52-week low of $89.44 and 31.6% below its 52-week high of $134.72. Volume of 1.71M shares came in at a volume ratio of 0.94—slightly below average.
Core Market Drivers: Macau's steady GGR recovery continues to anchor sentiment, with Wynn Macau's adjusted property EBITDA reaching $279M last quarter. The recent Q2 double-beat (EPS $1.24 vs $1.11 est.) reset bearish expectations, but macro casino spending concerns in China remain a lingering overhang.
Technical Analysis: RSI(6) at 34.4 and RSI(12) at 34.7 are emerging from oversold territory, while RSI(24) at 39.9 remains below neutral 50—bullish divergence is not yet confirmed. MACD remains deeply negative (DIF -2.33 vs DEA -1.57, histogram -1.50), signaling persistent downtrend pressure. KDJ shows a nascent bullish crossover (K 20.4 > D 16.7, J 27.9), hinting at a potential short-term bounce.
Key Price Levels:
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Primary Support: $91.28 (yesterday's low) / $89.44 (52-week low)
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Strong Resistance: $102.23 (recent breakdown zone)
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Immediate Pivot: $92.64 (today's high)
Valuation: Forward P/E of 19.12 sits below the historical average of 21.00 and within the -1 SD band (16.16–25.85), reflecting a discounted valuation relative to its own trailing range. P/E TTM is 22.1, and P/S is just 1.28.
Analyst Targets: 23 analysts cover WYNN with an average target of $133.49 (range $116–$155). Distribution: 6 Strong Buy, 17 Buy, and 0 Hold—institutional consensus remains firmly bullish despite the stock's recent drawdown.
Weekly Outlook: Expect range-bound consolidation between $89.5 and $96.0. A decisive break above $96 with volume expansion could trigger a swift retest of $102.23. Failure to hold $89.44 would open downside toward $86.50.
⚠️ Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Markets carry risk; always do your own research before trading.
🎯 $WYNN Options Strategy: Bull Call Spread (Debit Spread)
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Underlying: WYNN (Wynn Resorts, Ltd.)
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Market View: Cautiously Bullish / Short-term Oversold Bounce
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Strategy Type: Bullish Debit Spread (Long Call Spread)
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Option Contract Portfolio:
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Buy: WYNN 2026-09-18 $92 Call @ $2.06 (mid)*
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Sell: WYNN 2026-09-18 $96 Call @ $0.70 (mid)*
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Note: Based on closest-to-stock-price chain, Sep 18 2026 expiration ≈ 9 days to expiry. Mid prices inferred from bid/ask.
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Max Gain & Loss:
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Max Gain: $264 per spread (Width $4 − Net Debit $1.36)
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Max Loss: $136 per spread (Net Debit)
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Initial Cost/Credit: Net Debit ≈ $1.36 per spread
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

