Technical Analysis for MGM - MGM Resorts International

Grade Last Price % Change Price Change
B 42.86 -3.56% -1.58
MGM closed down 3.56 percent on Monday, July 1, 2024, on 88 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Bearish Engulfing Bearish 0.00%
Stochastic Sell Signal Bearish 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Pocket Pivot Bullish Swing Setup -3.56%
Upper Bollinger Band Walk Strength -3.56%
Above Upper BB Strength -3.56%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 9 hours ago
Down 3% about 9 hours ago
Down 1 ATR about 9 hours ago
Outside Day about 9 hours ago
Fell Below Previous Day's Low about 9 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 3,699,320
200-Day Moving Average 41.37
50-Day Moving Average 40.97
20-Day Moving Average 41.27
10-Day Moving Average 42.21
Average True Range 1.09
RSI (14) 58.16
ADX 17.84
+DI 29.54
-DI 18.87
Chandelier Exit (Long, 3 ATRs) 41.40
Chandelier Exit (Short, 3 ATRs) 41.47
Upper Bollinger Bands 43.83
Lower Bollinger Band 38.70
Percent B (%b) 0.81
BandWidth 12.44
MACD Line 0.68
MACD Signal Line 0.32
MACD Histogram 0.3533
Fundamentals Value
Market Cap 14.64 Billion
Num Shares 342 Million
EPS 2.98
Price-to-Earnings (P/E) Ratio 14.38
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) 45.99
Resistance 3 (R3) 46.24 45.46 45.47
Resistance 2 (R2) 45.46 44.66 45.33 45.29
Resistance 1 (R1) 44.16 44.17 43.77 43.90 45.12
Pivot Point 43.37 43.37 43.18 43.24 43.37
Support 1 (S1) 42.07 42.58 41.68 41.82 40.60
Support 2 (S2) 41.29 42.08 41.16 40.43
Support 3 (S3) 39.99 41.29 40.25
Support 4 (S4) 39.73