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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 2024-10-08 View latest technical analysis

10 day averaged volume of Mgm Resorts is 4442780

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	39.81	40.35	40.39	38.44	1.134 times
07 Mon Oct 2024	41.10	40.50	41.64	40.43	1.019 times
04 Fri Oct 2024	40.43	40.34	40.47	39.75	0.818 times
03 Thu Oct 2024	39.67	39.12	39.69	38.63	0.795 times
02 Wed Oct 2024	39.62	38.59	39.76	38.50	0.992 times
01 Tue Oct 2024	38.62	38.80	39.00	37.98	0.928 times
30 Mon Sep 2024	39.09	39.59	39.78	38.83	0.895 times
27 Fri Sep 2024	39.62	38.80	40.16	38.70	1.279 times
26 Thu Sep 2024	38.31	38.18	38.58	37.76	1.03 times
25 Wed Sep 2024	37.18	37.30	37.86	37.02	0.857 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.6, but if it comes below 39.6, then a intra day sell could be more profitable.
If you take a sell trade below 39.6, then use 39.6 as stoploss and 38.06 as target. However if you take a buy trade in stock , then use 39.6 as stoploss and 41.5 as target.

Share price targets for Mgm Resorts (MGM)

Target Type	Value
Downside Target	33.44
Downside Target	34.16
Downside Target	35.89
Downside Target	37.32
Upside Target	40.16
Upside Target	40.35
Upside Target	40.47
Upside Target	41.26
Upside Target	41.64
Upside Target	44.55
Upside Target	47.26

Intraday share price targets for Mgm Resorts (MGM)

Target Type	Value
Downside Intraday Target	38.29
Downside Intraday Target	36.76
Upside Intraday Target	41.49
Upside Intraday Target	43.16
Upside Intraday Target	39.96

Weekly technical analysis of Mgm Resorts (MGM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	39.81	40.50	41.64	38.44	0.486 times
04 Fri Oct 2024	40.43	39.59	40.47	37.98	0.728 times
27 Fri Sep 2024	39.62	37.30	40.16	36.54	0.799 times
20 Fri Sep 2024	37.31	36.50	38.23	35.89	1.684 times
13 Fri Sep 2024	36.51	35.25	37.32	34.16	1.012 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
08 Tue Oct 2024	39.81	38.80	41.64	37.98	0.241 times
30 Mon Sep 2024	39.09	37.23	40.16	34.16	0.788 times
30 Fri Aug 2024	37.59	40.05	40.35	33.44	1.839 times
31 Wed Jul 2024	42.97	44.55	47.26	41.26	1.027 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 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 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 mid to longer 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.

ADX buy sell signal for Mgm Resorts stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Mgm Resorts in short term and the buy signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying 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 39.37 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 positive

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