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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 2024-07-26 View latest technical analysis

10 day averaged volume of Mgm Resorts is 2963971

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	41.84	42.22	42.22	41.33	0.924 times
25 Thu Jul 2024	41.44	42.50	42.78	41.40	1.23 times
24 Wed Jul 2024	42.44	43.32	43.78	42.39	1.115 times
23 Tue Jul 2024	43.78	43.66	43.80	43.30	1.195 times
22 Mon Jul 2024	43.77	45.40	45.54	43.60	1.356 times
19 Fri Jul 2024	45.37	45.30	45.56	44.71	0.724 times
18 Thu Jul 2024	45.30	45.98	46.88	45.24	0.872 times
17 Wed Jul 2024	46.19	46.45	47.26	46.08	0.943 times
16 Tue Jul 2024	46.78	46.29	46.98	46.06	0.916 times
15 Mon Jul 2024	46.15	46.04	46.43	45.83	0.772 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.5, but if it comes above 42.5, then a intra day buy could be more profitable.
If you take a sell trade below 42.5, then use 42.5 as stoploss and 40.6 as target. However if you take a buy trade in stock , then use 42.5 as stoploss and 44.06 as target.

Share price targets for Mgm Resorts (MGM)

Target Type	Value
Downside Target	38.03
Downside Target	38.96
Downside Target	41.25
Upside Target	42.25
Upside Target	44.67
Upside Target	44.71
Upside Target	45.54
Upside Target	46.56
Upside Target	47.26
Upside Target	47.55
Upside Target	48.25

Intraday share price targets for Mgm Resorts (MGM)

Target Type	Value
Downside Intraday Target	40.27
Downside Intraday Target	38.69
Upside Intraday Target	44.48
Upside Intraday Target	47.11
Upside Intraday Target	42.9

Weekly technical analysis of Mgm Resorts (MGM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	41.84	45.40	45.54	41.33	1.377 times
19 Fri Jul 2024	45.37	46.04	47.26	44.71	0.834 times
12 Fri Jul 2024	46.11	43.26	46.56	43.01	2.15 times
05 Fri Jul 2024	43.04	42.98	43.98	42.60	0.754 times
03 Wed Jul 2024	43.28	44.55	44.67	42.25	0.52 times

Price has moved down 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
26 Fri Jul 2024	41.84	44.55	47.26	41.33	0.867 times
28 Fri Jun 2024	44.44	40.17	44.55	38.96	0.815 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

Scroll below to view daily charts

Price has moved down 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

Price action analysis of Mgm Resorts ( (MGM) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Mgm Resorts stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mgm Resorts in short term but the sell signal is initial and weak.

Mgm Resorts Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Mgm Resorts in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 44.09 and Mgm Resorts (MGM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.