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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 2024-11-06 View latest technical analysis

10 day averaged volume of Mgm Resorts is 5062610

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	37.43	37.80	38.34	37.43	1.096 times
05 Tue Nov 2024	36.23	36.08	36.53	35.56	0.833 times
04 Mon Nov 2024	36.40	36.45	37.36	36.22	0.709 times
01 Fri Nov 2024	36.41	37.37	37.97	36.40	1.244 times
31 Thu Oct 2024	36.87	38.77	39.16	36.26	2.685 times
30 Wed Oct 2024	41.41	41.46	42.07	41.15	1.265 times
29 Tue Oct 2024	41.99	41.50	42.54	41.43	1 times
28 Mon Oct 2024	41.72	40.76	41.91	40.63	0.648 times
25 Fri Oct 2024	40.36	40.56	40.82	40.12	0.463 times
24 Thu Oct 2024	40.10	39.96	40.28	39.49	0.551 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.7, but if it comes above 37.7, then a intra day buy could be more profitable.
If you take a sell trade below 37.7, then use 37.7 as stoploss and 35.6 as target. However if you take a buy trade in stock , then use 37.7 as stoploss and 39.51 as target.

Share price targets for Mgm Resorts (MGM)

Target Type	Value
Downside Target	33.44
Downside Target	34.16
Downside Target	35.56
Upside Target	38.34
Upside Target	40.35
Upside Target	41.19
Upside Target	41.26
Upside Target	41.44
Upside Target	41.64
Upside Target	42.54
Upside Target	47.26

Intraday share price targets for Mgm Resorts (MGM)

Target Type	Value
Downside Intraday Target	35.88
Downside Intraday Target	34.33
Upside Intraday Target	38.66
Upside Intraday Target	39.89
Downside Intraday Target	37.11

Weekly technical analysis of Mgm Resorts (MGM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	37.43	36.45	38.34	35.56	0.386 times
01 Fri Nov 2024	36.41	40.76	42.54	36.26	2.498 times
25 Fri Oct 2024	40.36	41.11	41.19	39.49	0.903 times
18 Fri Oct 2024	41.19	39.24	41.44	39.20	0.869 times
11 Fri Oct 2024	39.66	40.50	41.64	38.44	0.899 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
06 Wed Nov 2024	37.43	37.37	38.34	35.56	0.216 times
31 Thu Oct 2024	36.87	38.80	42.54	36.26	0.868 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

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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

Mgm Resorts Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Mgm Resorts in short term but BUY 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 38.45 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.