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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.

Showing technical analysis as on 2024-06-11 View latest technical analysis

10 day averaged volume of Mgm Resorts is 3708680

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	40.77	40.65	40.84	39.86	0.796 times
10 Mon Jun 2024	40.77	40.47	40.96	40.25	0.849 times
07 Fri Jun 2024	40.69	39.77	40.72	39.66	0.82 times
06 Thu Jun 2024	40.09	40.43	40.70	40.03	0.946 times
05 Wed Jun 2024	40.38	39.59	40.46	39.50	0.823 times
04 Tue Jun 2024	39.44	40.05	40.28	39.41	0.724 times
03 Mon Jun 2024	40.21	40.17	40.47	39.38	0.905 times
31 Fri May 2024	40.17	38.71	40.19	38.54	2.011 times
30 Thu May 2024	38.53	38.82	38.97	38.21	0.896 times
29 Wed May 2024	38.70	38.24	38.73	38.03	1.036 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 41.2 as stoploss in an intra day sell trade for a target of 40.26. However, stock will show a bullish move above 41.2.

Share price targets for Mgm Resorts (MGM)

Target Type	Value
Downside Target	38.03
Upside Target	40.96
Upside Target	41.25
Upside Target	41.44
Upside Target	41.60
Upside Target	42.14
Upside Target	43.50
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	40.1
Downside Intraday Target	39.43
Upside Intraday Target	41.2
Upside Intraday Target	41.63
Downside Intraday Target	40.53

Weekly technical analysis of Mgm Resorts (MGM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	40.77	40.47	40.96	39.86	0.39 times
07 Fri Jun 2024	40.69	40.17	40.72	39.38	0.855 times
31 Fri May 2024	40.17	39.72	40.19	38.03	1.108 times
24 Fri May 2024	39.72	41.00	41.44	38.74	1.073 times
17 Fri May 2024	41.03	41.09	42.14	40.67	0.906 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
11 Tue Jun 2024	40.77	40.17	40.96	39.38	0.252 times
31 Fri May 2024	40.17	38.92	43.50	38.03	1.262 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

Scroll below to view daily charts

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)

Price action analysis of Mgm Resorts ( (MGM) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Mgm Resorts ( (MGM) ) based on a mid to longer 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.

ADX buy sell signal for Mgm Resorts stock for short term is SELL. 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 coming down

CCI has generated a SELL signal for Mgm Resorts in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 39.97 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.