MGM RESORTS INTERNATIONAL (MGM) Stock Technical Analysis
USA - NYSE:MGM - US5529531015 - Common Stock
31.95 USD
-0.96 (-2.92%)
32.0469 USD
+0.1 (+0.3%)
Overall MGM gets a technical rating of 0 out of 10. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
85% of all other stocks performed better in the past year than MGM.
In the last month MGM has a been trading in the 31.23 - 35.55 range, which is quite wide. It is currently trading near the lows of this range.
MGM has an average volume of 4489470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MGM is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 45% of 133 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 a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 31.79, a Stop Loss order could be placed below this zone.
More info and screens
30.55
40.77
We found 1 important support area.
- A support zone ranging from 30.86 to 31.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 32.36 to 32.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.44 to 33.93. 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 38.78 to 38.84. 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 | 15.61 | NEGATIVE | MGM has a low relative strength, it was outperformed by 84.39% 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) | UP | MIXED | The current price of MGM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.74 | NEUTRAL | The RSI value for MGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests MGM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.92 | NEUTRAL | The Stochastics value for MGM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MGM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.37 | 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)
31.95
-0.96 (-2.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-2.92%
1 Week-2.89%
2 Weeks-1.54%
1 Month-7.82%
3 Month-10.63%
6 Month-0.06%
12 Month-12.25%
2 Year-8.51%
3 Year-10.18%
5 Year55.32%
10 Year37.77%
15 Year192.32%
Volatility
ATR(14)0.89
ATR(20)%2.93%
ATR Inc0.5%
Range Today1
ADR(20)0.9
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.61
3 months CRS11.7
6 months CRS23.86
Mansfield-1.76
10 Day High33.58
10 Day Low31.37
20 Day High35.55
20 Day Low31.23
52 Week High41.32
52 Week Low25.3
CS1 End31.79
CR1 Start32.36
Volume & EV
DER(3)-1.91%
DER(5)-0.93%
Volume5.37M
Volume Incr-17.47%
Vol(5)3.90M
Vol(50)4.49M
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 39.7373. 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.