(MGM) Mgm Resorts complete technical analysis [charts+indicators] | Buy/Sell Mgm Resorts | (MGM) share price targets
Complete technical analysis of Mgm Resorts (MGM) by charts plus indicators, forecast predictions and share price targets for Mgm Resorts (MGM)
Mgm Resorts trades in USA in Consumer Services sector.
10 day averaged volume of Mgm Resorts is 3237321
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 41.03 | 41.56 | 41.91 | 40.96 | 0.835 times |
| 16 Thu May 2024 | 41.65 | 41.50 | 42.14 | 41.36 | 1.099 times |
| 15 Wed May 2024 | 41.55 | 41.52 | 41.86 | 41.15 | 0.929 times |
| 14 Tue May 2024 | 41.29 | 41.29 | 41.77 | 40.93 | 1.057 times |
| 13 Mon May 2024 | 40.93 | 41.09 | 41.33 | 40.67 | 0.833 times |
My analysis of stock is bearish for shortterm, and stock might move down till 40.3 or till 39.2. Use a stoploss of 41.18 and if the stock hits stoploss, then it can shoot up till 42.06
Share price targets for Mgm Resorts (MGM)
| Target Type | Value |
| Downside Target | 38.64 |
| Upside Target | 42.14 |
| Upside Target | 43.28 |
| Upside Target | 43.50 |
| Upside Target | 43.95 |
| Upside Target | 45.91 |
| Upside Target | 47.53 |
| Upside Target | 47.55 |
| Upside Target | 48.25 |
Intraday share price targets for Mgm Resorts (MGM)
| Target Type | Value |
| Downside Intraday Target | 40.42 |
| Downside Intraday Target | 39.81 |
| Upside Intraday Target | 41.89 |
| Upside Intraday Target | 42.75 |
| Upside Intraday Target | 41.28 |
Weekly technical analysis of Mgm Resorts (MGM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 41.03 | 41.09 | 42.14 | 40.67 | 0.906 times |
| 10 Fri May 2024 | 40.57 | 41.40 | 41.74 | 39.97 | 0.581 times |
| 03 Fri May 2024 | 41.04 | 41.67 | 43.50 | 38.64 | 1.981 times |
| 26 Fri Apr 2024 | 41.09 | 43.00 | 43.28 | 41.06 | 0.944 times |
| 19 Fri Apr 2024 | 42.42 | 43.08 | 43.95 | 41.52 | 1.06 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Mgm Resorts (MGM)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 41.03 | 38.92 | 43.50 | 38.64 | 0.753 times |
| 30 Tue Apr 2024 | 39.44 | 47.49 | 48.25 | 39.35 | 1.09 times |
| 28 Thu Mar 2024 | 47.21 | 42.95 | 47.55 | 41.25 | 0.633 times |
| 29 Thu Feb 2024 | 43.28 | 43.98 | 47.53 | 41.60 | 1.132 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Mgm Resorts (MGM)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 23, 22, 2 | Buy |
| MACD | -1, -1 | Buy |
| Stochastics | 57 | None |
| CCI | 50 | Sell |
| RSI | 36 | Sell |
| OBV | 12818236 | Sell |
| VWAP | 41 | Buy |
| ADL | 0 | Sell |
| ROC | -0 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Mgm Resorts ( (MGM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mgm Resorts ( (MGM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Mgm Resorts ( (MGM) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Mgm Resorts ( (MGM) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
ADX buy sell signal for Mgm Resorts stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Mgm Resorts in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Mgm Resorts Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mgm Resorts in short term but SELL signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Mgm Resorts is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 40.94 and Mgm Resorts (MGM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down
People seem to be coming out and selling the Mgm Resorts (MGM) stock. Volume based technical analysis of Mgm Resorts (MGM) stock is negative.
Mgm Resorts Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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