MGM RESORTS INTERNATIONAL (MGM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MGM - US5529531015 - Common Stock
32.55 USD
+1.79 (+5.82%)
32.68 USD
+0.13 (+0.4%)
Taking everything into account, MGM scores 0 out of 10 in our technical rating. MGM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
78% of all other stocks performed better in the past year than MGM.
In the last month MGM has a been trading in the 29.18 - 33.55 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MGM has an average volume of 5097580 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 54% of 132 stocks in the same industry.
MGM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MGM is lagging the market slightly.
MGM has a poor technical rating and the quality of the setup is also 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
30.41
40.21
2 important support areas can be observed.
- A support zone ranging from 32.03 to 32.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.72 to 31.28. 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 32.82 to 33.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.47 to 38.84. 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 | DOWN | NEGATIVE | The long term trend for MGM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MGM is neutral. |
| ChartMill Relative Strength | 22.25 | NEGATIVE | MGM has a low relative strength, it was outperformed by 77.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MGM is above 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) | 51.65 | NEUTRAL | The RSI value for MGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MGM has a positive trend. |
| Stochastics (14,3) | 30.94 | NEUTRAL | The Stochastics value for MGM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for MGM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.69 | 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)
32.55
+1.79 (+5.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg5.82%
1 Week0.25%
2 Weeks-0.34%
1 Month-0.79%
3 Month-14.48%
6 Month3.83%
12 Month-13.89%
2 Year-17.47%
3 Year-11.69%
5 Year15.22%
10 Year43.14%
15 Year166.37%
Volatility
ATR(14)1.07
ATR(20)%3.39%
ATR Inc86.49%
Range Today2.24
ADR(20)1.07
ADR(20)%3.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.25
3 months CRS19.91
6 months CRS47.52
Mansfield-1.13
10 Day High33.55
10 Day Low30.55
20 Day High33.55
20 Day Low29.19
52 Week High41.32
52 Week Low25.3
CS1 End32.31
CR1 Start32.82
Volume & EV
DER(3)-0.24%
DER(5)1.49%
Volume8.33M
Volume Incr9.65%
Vol(5)5.69M
Vol(50)5.10M
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 51.6459. 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 neutral.