MGM RESORTS INTERNATIONAL (MGM)
US5529531015 - Common Stock
Taking everything into account, MGM scores 1 out of 10 in our technical rating. MGM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, MGM is a bad performer in the overall market: 76% of all stocks are doing better.
MGM is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, of which 67% are performing better than MGM.
MGM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
MGM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MGM has an average volume of 4424700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MGM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 37.29, a Stop Loss order could be placed below this zone.
More info and screens
33.19
48.26
3 important support areas can be observed.
- A support zone ranging from 36.53 to 37.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.00 from a horizontal line in the weekly time frame.
- A support zone ranging from 33.53 to 34.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- Resistance @39.43 from a trend line in the weekly time frame.
- A resistance zone ranging from 40.89 to 42.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.97 from a horizontal line in the daily time frame.
- Resistance @44.29 from a trend line in the weekly time frame.
- Resistance @46.74 from a horizontal line in the weekly time frame.
- Resistance @47.78 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.54
Mansfield-1.87
10 Day High38.59
10 Day Low35.74
20 Day High42.54
20 Day Low35.56
52 Week High48.25
52 Week Low33.44
Performance
1 Week1.31%
2 Weeks0.9%
1 Month-5.21%
3 Month-2.36%
6 Month-4.31%
12 Month-5.49%
2 Year3.12%
3 Year-3.97%
5 Year18.97%
10 Year66.64%
15 Year259.6%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)49.6
LBB36.11
UBB38.26
MGM RESORTS INTERNATIONAL
NYSE:MGM (11/21/2024, 7:39:44 PM)
Premarket: 38.12 +0.11 (+0.29%)38.01
+0.5 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.33%
1 Week1.31%
2 Weeks0.9%
1 Month-5.21%
3 Month-2.36%
6 Month-4.31%
12 Month-5.49%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.12
ATR(20)%3.51%
ATR Inc
Range Today0.82
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High38.59
10 Day Low35.74
20 Day High42.54
20 Day Low35.56
52 Week High48.25
52 Week Low33.44
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.57M
Volume Incr-34.38%
Vol(5)2.99M
Vol(50)4.42M