MGM RESORTS INTERNATIONAL (MGM) Stock Technical Analysis
USA - NYSE:MGM - US5529531015 - Common Stock
Taking everything into account, MGM scores 0 out of 10 in our technical rating. MGM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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 a support zone below the current price at 31.73, a Stop Loss order could be placed below this zone.
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30.55
When analyzing the support we notice one important area.
- A support zone ranging from 30.86 to 31.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 33.73 to 34.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @36.54 from a horizontal line in the daily time frame.
- A resistance zone ranging from 38.84 to 38.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 39.81 to 40.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for MGM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MGM is down. |
| ChartMill Relative Strength | 14.04 | NEGATIVE | MGM has a low relative strength, it was outperformed by 85.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MGM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MGM is below a declining 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) | 45.13 | NEUTRAL | The RSI value for MGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MGM has a positive trend. |
| Stochastics (14,3) | 50.94 | NEUTRAL | The Stochastics value for MGM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for MGM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.19 | NEGATIVE | The low ADX value for MGM suggests a weak or negative trend. |
32.81
-0.26 (-0.79%)
MGM RESORTS INTERNATIONAL / MGM FAQ
What is the ChartMill technical rating of MGM RESORTS INTERNATIONAL (MGM) stock?
ChartMill assigns a technical rating of 0 / 10 to MGM.
What is the trend direction for MGM stock?
The current trend direction for MGM RESORTS INTERNATIONAL (MGM) is Bearish.
What is the RSI signal for MGM stock?
MGM RESORTS INTERNATIONAL (MGM) has an RSI value of 45.1298. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MGM RESORTS INTERNATIONAL?
The short term momentum for MGM RESORTS INTERNATIONAL (MGM) is negative.
What is the buy/sell signal for MGM stock?
The buy/sell signal for MGM RESORTS INTERNATIONAL (MGM) is sell as both the short term and long term trends are negative.