Bally's 15min Chart Shows KDJ Death Cross and Bearish Marubozu Pattern

Based on the 15-minute chart, Bally's has recently experienced a KDJ Death Cross and a Bearish Marubozu at 07/10/2025 10:15. This indicates a shift in momentum towards the downside, suggesting that the stock price may continue to decline. Sellers currently dominate the market, and this bearish momentum is likely to persist.

Bally's Corporation (NYSE:BALY) is facing potential challenges in its rescue of Star Entertainment Group (OTCPK:EHGRF) due to a looming fine from Australian financial regulator AUSTRAC. The regulator is reportedly seeking a fine of up to $400 million for ongoing money laundering issues at Star Entertainment [1].

Bally's Chairman Soo Kim has warned that if the fine is imposed, it could lead to the withdrawal of Bally's investment in Star Entertainment, which is a condition precedent for the final investment and conversion [1]. The rescue deal involves a total injection of AU$300 million, with Bally's contributing AU$200 million and local investor Bruce Mathieson contributing AU$100 million [1].

Additionally, Bally's has seen a decrease in short interest. As of April 30th, there was short interest totaling 73,400 shares, a decrease of 25.6% from the previous total of 98,600 shares [2]. This indicates a shift in investor sentiment from bearish to bullish. However, recent technical indicators suggest a potential continuation of the downside momentum. A KDJ Death Cross and a Bearish Marubozu on July 10th at 10:15 indicate a shift in momentum towards the downside [2].

Investors should closely monitor the situation, as the potential fine from AUSTRAC could significantly impact Bally's investment in Star Entertainment. The short interest ratio for Bally's is currently 2.0, which is generally considered a positive sign of investor sentiment [2].

References:
[1] https://seekingalpha.com/news/4465530-ballys-may-back-out-of-the-star-entertainment-rescue-due-to-a-massive-fine-by-australian-regulators
[2] https://www.marketbeat.com/stocks/NYSE/BALY/short-interest/