MGP Technical Analysis - MGM Growth Properties LLC

Technical Rating and Analysis

Overall MGP gets a technical rating of 10 out of 10. 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.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that MGP is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, MGP also shows a nice and consistent pattern of rising prices.

MGP is part of the Diversified REITs industry. There are 130 other stocks in this industry. MGP outperforms 99% of them.

MGP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MGP is lagging the market slightly.

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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

MGM Growth Properties LLC / MGP Weekly stock chart

MGM Growth Properties LLC / MGP Daily stock chart

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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

35.82

42.06

When analyzing the support we can see 3 important 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.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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.