MGM RESORTS INTERNATIONAL (MGM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MGM - US5529531015 - Common Stock
35.29 USD
+0.51 (+1.47%)
35.29 USD
0 (0%)
Overall MGM gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MGM was also a bad performer in the overall market in the last year.
75% of all other stocks performed better in the past year than MGM.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MGM has a been trading in the 30.52 - 35.62 range, which is quite wide. It is currently trading near the high of this range.
MGM has an average volume of 5092520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MGM is part of the Hotels, Restaurants & Leisure industry. There are 132 other stocks in this industry, MGM did better than 55% of them.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of MGM is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
30.40
40.21
2 important support areas can be observed.
- A support zone ranging from 32.43 to 32.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.71 to 31.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @38.37 from a trend line in the weekly time frame.
- A resistance zone ranging from 39.70 to 39.81. 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 | NEUTRAL | NEUTRAL | The long term trend for MGM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGM is up. |
| ChartMill Relative Strength | 25.23 | NEGATIVE | MGM has a low relative strength, it was outperformed by 74.77% 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) | DOWN | MIXED | The current price of MGM is above a declining 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) | 66.18 | NEUTRAL | The RSI value for MGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests MGM has a positive trend. |
| Stochastics (14,3) | 94.07 | OVERBOUGHT | The high Stochastics value suggests MGM may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for MGM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.11 | NEUTRAL | The ADX value for MGM suggests a possible start of a new 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)
35.29
+0.51 (+1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.47%
1 Week14.73%
2 Weeks7.53%
1 Month14.88%
3 Month-11.09%
6 Month11.5%
12 Month-7.96%
2 Year-10.52%
3 Year-4.26%
5 Year24.92%
10 Year55.19%
15 Year188.79%
Volatility
ATR(14)1.06
ATR(20)%3.05%
ATR Inc-22.91%
Range Today0.75
ADR(20)1.04
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.23
3 months CRS19.79
6 months CRS63.32
Mansfield-0.68
10 Day High35.62
10 Day Low30.55
20 Day High35.62
20 Day Low30.52
52 Week High41.32
52 Week Low25.3
CS1 End32.95
CR1 Start38.37
Volume & EV
DER(3)2.35%
DER(5)1.93%
Volume1.86M
Volume Incr-3.95%
Vol(5)5.24M
Vol(50)5.09M
MGM RESORTS INTERNATIONAL / MGM FAQ
What is the ChartMill technical rating of MGM RESORTS INTERNATIONAL (MGM) stock?
ChartMill assigns a technical rating of 3 / 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 66.1806. 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 positive.