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(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 3404822

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 41.65 41.50 42.14 41.36 1.045 times
15 Wed May 2024 41.55 41.52 41.86 41.15 0.883 times
14 Tue May 2024 41.29 41.29 41.77 40.93 1.005 times
13 Mon May 2024 40.93 41.09 41.33 40.67 0.792 times
10 Fri May 2024 40.57 40.84 40.95 40.47 0.598 times

My analysis of stock is bullish for shortterm, and stock might move up till 42.2 or till 43.3. Use a stoploss of 41.25 and if this stock hits its stoploss, then it can fall down till 40.33

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 40.83
Downside Intraday Target 40.02
Upside Intraday Target 42.3
Upside Intraday Target 42.96
Downside Intraday Target 41.49

Weekly technical analysis of Mgm Resorts (MGM)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 41.65 41.09 42.14 40.67 0.747 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
16 Thu May 2024 41.65 38.92 43.50 38.64 0.714 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 25, 20, 11 Buy
MACD -1, -1Buy
Stochastics 59None
CCI 133Buy
RSI 36Sell
OBV 19025123Sell
VWAP 41Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mgm Resorts ( (MGM) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Mgm Resorts stock for short term is BUY. Signal strength is Weak and stock is gaining 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mgm Resorts in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mgm Resorts is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 40.95 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 rising upwards.

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 is giving positive 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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