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    Technical Analysis for MLCO - Melco Resorts & Entertainment Limited

    Grade Last Price % Change Price Change
    D 7.67 4.07% 0.30
    MLCO closed up 4.07 percent on Tuesday, May 7, 2024, on 2.84 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
    Earnings due: May 8
    *** please verify all earnings dates ***
    2 Watchers
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Down Up Up
    Historical MLCO trend table...
    Date Alert Name Type % Chg
    MACD Bullish Centerline Cross Bullish 0.00%
    New Uptrend Bullish 0.00%
    180 Bullish Setup Bullish Swing Setup 0.00%
    Pocket Pivot Bullish Swing Setup 0.00%
    Weak + Overbought Other 0.00%
    Outside Day Range Expansion 0.00%
    Above Upper BB Strength 0.00%
    Overbought Stochastic Strength 0.00%
    Up 3 Days in a Row Strength 0.00%
    Up 4 Days in a Row Strength 0.00%
    Older End-of-Day Signals for MLCO ...

       Recent Intraday Alerts

    Alert Time
    Up 1 ATR about 8 hours ago
    Possible Pocket Pivot about 9 hours ago
    Rose Above Upper Bollinger Band about 9 hours ago
    Rose Above Previous Day's High about 13 hours ago
    Outside Day about 13 hours ago
    View Earlier Intraday Alerts

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    MLCO Chart by TradingView
    Basic chart:

    Profile

    Melco Crown Entertainment Limited is an owner and developer of casino gaming and entertainment resort facilities primarily in Macau. It owns and operates City of Dreams, Altira Macau and Mocha Clubs. The Company's Development Project includes Macau Studio City Project. Melco Crown Entertainment Limited, formerly known as Melco PBL Entertainment (Macau) Limited, is headquartered in Macau.
    Classification
    Sector: Consumer Cyclical
    Industry: Resorts & Casinos
    Keywords: Macau Casinos In Macau Melco Pbl Holdings Studio City

    Is MLCO a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 2 bullish, 2 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    May 6 Melco Resorts: Bullish As Casino Portfolio Off To A Strong Start In 2024
    May 6 Melco Resorts to benefit from gain in Q1 Macau gaming revenue - analyst
    May 2 Melco Resorts & Entertainment First Quarter 2024 Earnings: EPS: US$0.035 (vs US$0.18 loss in 1Q 2023)
    May 1 Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Q1 2024 Earnings Call Transcript
    May 1 Macau casino gross gaming revenue jumps by 26% in April
    Apr 30 Melco Resorts & Entertainment Limited (MLCO) Q1 2024 Earnings Call Transcript
    Apr 30 Melco (MLCO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
    Apr 30 Melco Resorts (MLCO) Tops Q1 Earnings and Revenue Estimates
    Apr 30 Melco Resorts gains after showing strong Q1 results, slight reduction in debt
    Apr 30 Melco Announces Partnership with Sri Lanka’s John Keells Holdings and Introduces ‘City of Dreams Sri Lanka’
    See more MLCO news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 13.91
    52 Week Low 6.102
    Average Volume 3,690,184
    200-Day Moving Average 8.69
    50-Day Moving Average 7.09
    20-Day Moving Average 6.73
    10-Day Moving Average 6.81
    Average True Range 0.32
    RSI (14) 68.35
    ADX 25.61
    +DI 36.63
    -DI 15.05
    Chandelier Exit (Long, 3 ATRs) 6.76
    Chandelier Exit (Short, 3 ATRs) 7.07
    Upper Bollinger Bands 7.65
    Lower Bollinger Band 5.80
    Percent B (%b) 1.01
    BandWidth 27.58
    MACD Line 0.03
    MACD Signal Line -0.14
    MACD Histogram 0.1691
    Fundamentals Value
    Market Cap 3.35 Billion
    Num Shares 437 Million
    EPS -0.84
    Price-to-Earnings (P/E) Ratio -9.13
    Price-to-Sales 1.32
    Price-to-Book 105.52
    PEG Ratio 7.52
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 8.32
    Resistance 3 (R3) 8.26 8.00 8.21
    Resistance 2 (R2) 8.00 7.83 8.02 8.17
    Resistance 1 (R1) 7.83 7.73 7.92 7.89 8.14
    Pivot Point 7.57 7.57 7.61 7.59 7.57
    Support 1 (S1) 7.40 7.40 7.49 7.46 7.20
    Support 2 (S2) 7.14 7.30 7.16 7.17
    Support 3 (S3) 6.97 7.14 7.13
    Support 4 (S4) 7.03