MGM RESORTS INTERNATIONAL (MGM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MGM - US5529531015 - Common Stock
Taking everything into account, MGM scores 4 out of 10 in our technical rating. MGM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
MGM has an average technical rating and it also does not offer a high quality setup 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
30.40
3 important support areas can be observed.
- Support @33.41 from a trend line in the weekly time frame.
- Support @31.80 from a trend line in the daily time frame.
- A support zone ranging from 30.71 to 31.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 37.44 to 37.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 38.84 to 39.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.81 from a horizontal line in the weekly 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 | 59.05 | NEUTRAL | MGM is not amongst the best or worst performers 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) | UP | MIXED | The current price of MGM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.99 | NEUTRAL | The RSI value for MGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests MGM has a negative trend. |
| Stochastics (14,3) | 16.4 | OVERSOLD | The low Stochastics value suggests MGM may be oversold. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for MGM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.77 | NEGATIVE | The low ADX value for MGM suggests a weak or negative trend. |
34.45
-0.7 (-1.99%)
MGM RESORTS INTERNATIONAL / MGM FAQ
What is the technical rating for MGM stock?
ChartMill assigns a technical rating of 4 / 10 to MGM.
Can you provide the trend direction for MGM RESORTS INTERNATIONAL?
The current trend direction for MGM RESORTS INTERNATIONAL (MGM) is Bearish.
Can you provide the RSI signal for MGM RESORTS INTERNATIONAL?
MGM RESORTS INTERNATIONAL (MGM) has an RSI value of 40.9876. This indicates that the stock is currently neutral.
What is the short term momentum for MGM RESORTS INTERNATIONAL (MGM) stock?
The short term momentum for MGM RESORTS INTERNATIONAL (MGM) is neutral.
What are the support and resistance levels for MGM RESORTS INTERNATIONAL (MGM) stock?
MGM RESORTS INTERNATIONAL (MGM) has a support level at 33.41 and a resistance level at 37.44. Check the full technical report for our detailed analysis of MGM support and resistance levels.