MGM Growth Properties LLC (MGP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MGP - US55303A1051 - REIT
We assign a technical rating of 10 out of 10 to MGP. Both in the recent history as in the last year, MGP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MGP has an excellent technical rating, it does not offer a high 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
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.
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. |
41.64
+1.26 (+3.12%)
MGM Growth Properties LLC / MGP FAQ
What is the technical rating for MGP stock?
ChartMill assigns a technical rating of 10 / 10 to MGP.
What is the trend direction for MGP stock?
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.
Can you provide the short term momentum for MGM Growth Properties LLC?
The short term momentum for MGM Growth Properties LLC (MGP) is positive.
What is the support and resistance level for 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.