Technical Analysis for MGM - MGM Resorts International

Grade Last Price % Change Price Change
F 39.75 0.79% 0.31
MGM closed up 0.79 percent on Wednesday, May 1, 2024, on 2.25 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Multiple of Ten Bearish Other 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Expansion Breakdown Bearish Swing Setup 0.79%
Earnings Movers Other 0.79%
Multiple of Ten Bearish Other 0.79%
Gapped Down Weakness 0.79%

   Recent Intraday Alerts

Alert Time
Up 2% about 7 hours ago
60 Minute Opening Range Breakout about 7 hours ago
2x Volume Pace about 12 hours ago
1.5x Volume Pace about 12 hours ago
Fell Below Lower Bollinger Band about 12 hours ago

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Profile

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company operates 15 wholly owned resorts in Nevada, Michigan, and Mississippi; and the MGM Macau resort and casino in China. It also owns the Shadow Creek golf course, the Primm Valley Golf Club, and the Fallen Oak golf course. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.
Classification

Sector: Consumer Cyclical
Industry: Resorts & Casinos
Keywords: S&P 500 Casino Gambling Online Gambling Macau Resort Mgm Resorts International Affinity Gaming

Is MGM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 51.35
52 Week Low 34.12
Average Volume 3,270,846
200-Day Moving Average 42.35
50-Day Moving Average 43.48
20-Day Moving Average 43.05
10-Day Moving Average 41.65
Average True Range 1.20
RSI (14) 31.03
ADX 34.01
+DI 8.44
-DI 37.10
Chandelier Exit (Long, 3 ATRs) 43.84
Chandelier Exit (Short, 3 ATRs) 42.25
Upper Bollinger Bands 47.09
Lower Bollinger Band 39.02
Percent B (%b) 0.09
BandWidth 18.74
MACD Line -1.08
MACD Signal Line -0.69
MACD Histogram -0.3917
Fundamentals Value
Market Cap 13.58 Billion
Num Shares 342 Million
EPS 2.98
Price-to-Earnings (P/E) Ratio 13.34
Price-to-Sales 1.04
Price-to-Book 4.03
PEG Ratio 4.20
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 42.41
Resistance 3 (R3) 42.33 41.37 41.96
Resistance 2 (R2) 41.37 40.69 41.41 41.81
Resistance 1 (R1) 40.56 40.28 40.97 40.64 41.67
Pivot Point 39.60 39.60 39.80 39.64 39.60
Support 1 (S1) 38.79 38.92 39.20 38.87 37.83
Support 2 (S2) 37.83 38.51 37.87 37.69
Support 3 (S3) 37.02 37.83 37.54
Support 4 (S4) 37.10