MGM Growth Properties LLC (MGP) Technical Analysis
NYSE:MGP • US55303A1051
Current stock price
MGP Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to MGP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MGP is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, MGP did better than 91% of all other stocks. We also observe that the gains produced by MGP over the past year are nicely spread over this period.
- MGP is one of the better performing stocks in the Diversified REITs industry, it outperforms 96% of 123 stocks in the same industry.
- MGP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MGP is performing more or less in line with the market.
- In the last month MGP has a been trading in the 37.55 - 42.28 range, which is quite wide. It is currently trading near the high of this range.
- MGP has an average volume of 1076470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
MGP Weekly and Daily overview Charts
MGP Setup Rating and Analysis
Although MGP has an excellent technical rating, it does not present a decent entry opportunity 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
MGP Support and Resistance Analysis
35.82
We found 3 important support areas.
- A support zone ranging from 37.85 to 39.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.82 to 37.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.18 to 36.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
MGP Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for MGP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MGP is up. |
| ChartMill Relative Strength | 91.16 | POSITIVE | MGP has a high relative strength, it outperformed 91.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.08 | NEUTRAL | The RSI value for MGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MGP has a positive trend. |
| Stochastics (14,3) | 71.88 | NEUTRAL | The Stochastics value for MGP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for MGP suggests some volalility. |
MGP Chart- and CandleStick Pattern Analysis
MGP Technicals: Chart, Performance Metrics, Trend & Indicators
41.64
+1.26 (+3.12%)
MGM Growth Properties LLC / MGP TA FAQ
Can you provide the ChartMill technical rating for MGM Growth Properties LLC?
ChartMill assigns a technical rating of 10 / 10 to MGP.
Can you provide the trend direction for MGM Growth Properties LLC?
The current trend direction for MGM Growth Properties LLC (MGP) is Bullish.
What is the RSI signal for MGP stock?
MGM Growth Properties LLC (MGP) has an RSI value of 65.0758. This indicates that the stock is currently neutral.
What is the buy/sell signal for MGM Growth Properties LLC (MGP) stock?
The buy/sell signal for MGM Growth Properties LLC (MGP) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for MGM Growth Properties LLC (MGP) stock?
MGM Growth Properties LLC (MGP) has a support level at 39.64. Check the full technical report for our detailed analysis of MGP support and resistance levels.