MGM RESORTS INTERNATIONAL (MGM) Stock Technical Analysis
NYSE:MGM - New York Stock Exchange, Inc. - US5529531015 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to MGM. In the last year, MGM was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, MGM is a bad performer in the overall market: 71% of all stocks are doing better.
In the last month MGM has a been trading in the 30.57 - 34.51 range, which is quite wide. It is currently trading near the high of this range.
MGM has an average volume of 5691380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
MGM is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 42% of 134 stocks in the same industry.
MGM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MGM is lagging the market.
MGM has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
30.55
41.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 32.04 to 32.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.86 to 31.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- Resistance @34.31 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 34.87 to 34.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @36.15 from a trend line in the weekly time frame.
- A resistance zone ranging from 38.35 to 38.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.10 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MGM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGM is neutral. |
| ChartMill Relative Strength | 29.75 | NEGATIVE | MGM has a low relative strength, it was outperformed by 70.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MGM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.89 | NEUTRAL | The RSI value for MGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests MGM has a positive trend. |
| Stochastics (14,3) | 67.86 | NEUTRAL | The Stochastics value for MGM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for MGM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.1 | NEGATIVE | The low ADX value for MGM suggests a weak or negative trend. |
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)
34.3
+2.57 (+8.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg8.1%
1 Week5.64%
2 Weeks10.04%
1 Month0.97%
3 Month9.17%
6 Month0.41%
12 Month-18.33%
2 Year-21.9%
3 Year18.48%
5 Year104.17%
10 Year87.95%
15 Year255.81%
Volatility
ATR(14)1.06
ATR(20)%3.04%
ATR Inc151.3%
Range Today2.05
ADR(20)0.9
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.75
Mansfield-0.88
10 Day High34.51
10 Day Low30.68
20 Day High34.51
20 Day Low30.58
52 Week High47.26
52 Week Low25.3
CS1 End32.54
CR1 Start34.31
Volume & EV
DER(3)2.72%
DER(5)1.93%
Volume9.09M
Volume Incr10.65%
Vol(5)5.40M
Vol(50)5.69M