Technical Analysis for MGM - MGM Resorts International

Grade Last Price % Change Price Change
D 42.04 0.02% 0.01
MGM closed up 0.02 percent on Thursday, April 18, 2024, on approximately normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. 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.
Earnings due: Apr 29
*** please verify all earnings dates ***
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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
200 DMA Resistance Bearish 0.00%
New Downtrend Bearish 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 200 DMA Bearish 0.02%
Gapped Up Strength 0.02%
Oversold Stochastic Weakness 0.02%
MACD Bearish Centerline Cross Bearish -1.55%
200 DMA Support Bullish -1.55%
Oversold Stochastic Weakness -1.55%
Crossed Above 200 DMA Bullish -1.89%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 17 hours ago
200 DMA Resistance about 17 hours ago
Rose Above 200 DMA about 17 hours ago
Up 1% about 17 hours ago
Fell Below Previous Day's Low about 18 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 3,717,024
200-Day Moving Average 42.53
50-Day Moving Average 44.02
20-Day Moving Average 45.08
10-Day Moving Average 44.07
Average True Range 1.17
RSI (14) 35.48
ADX 25.48
+DI 14.13
-DI 30.17
Chandelier Exit (Long, 3 ATRs) 44.73
Chandelier Exit (Short, 3 ATRs) 45.03
Upper Bollinger Bands 48.65
Lower Bollinger Band 41.51
Percent B (%b) 0.07
BandWidth 15.82
MACD Line -0.44
MACD Signal Line 0.12
MACD Histogram -0.5646
Fundamentals Value
Market Cap 14.36 Billion
Num Shares 342 Million
EPS 2.98
Price-to-Earnings (P/E) Ratio 14.11
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) 43.90
Resistance 3 (R3) 43.93 43.35 43.59
Resistance 2 (R2) 43.35 42.87 43.33 43.49
Resistance 1 (R1) 42.69 42.58 43.02 42.66 43.38
Pivot Point 42.11 42.11 42.27 42.09 42.11
Support 1 (S1) 41.45 41.63 41.78 41.42 40.70
Support 2 (S2) 40.87 41.34 40.85 40.59
Support 3 (S3) 40.21 40.87 40.49
Support 4 (S4) 40.18